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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Office buildings
5815 Us Hwy 1st 1 Rockledge, FL 32955-5792
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-6183318
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,858 SF
Lot
3.38 ac (147,233 SF)
Zoning code
BU-1
APN
26-36-01-00-00002.0-0000.00
UPID
US18-6183318
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.13M
Owner & transaction history
Space Coast Busn Realty Center · 11 yrs held
Space Coast Busn Realty Center
since 2014
5 recorded transactions
Zoning & alternative use
BU-1 · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Layer: Zoning (ID: 0)
Top alternative use upside
Commercial (general)
$1.5M
+55.3%
Auto repair, garage
$1.1M
+12.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rockledge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockledge submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,005,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$970,000
Current use
COMMERCIAL (GENERAL)
$1,505,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,085,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$835,000
Change: -14% · Conversion: Moderate
MEDICAL BUILDING
$775,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$232 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,969
Tax year 2023
Assessed value
$2,253,590
Assessed 2023
Previous assessed
$2,062,680
+9.3% YoY
Effective rate
1.37%
On assessed value
Assessed land
$296,760
Assessed improvement
$1,956,830
Land market value
$296,760
Improvement market value
$1,956,830
Total market value
$2,253,590
Applied tax rate
2,900.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
4,858 SF
Lot
3.38 ac (147,233 SF)
Zoning code
BU-1
APN
26-36-01-00-00002.0-0000.00
UPID
US18-6183318
Jurisdiction
BREVARD
Zoning & alternative use
BU-1 · Rockledge, FLZoning BU-1 · permitted uses
BU-1 · Rockledge, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Layer: Zoning (ID: 0)
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$835,000
MEDICAL BUILDING
Est. value
$775,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
3.38 ac
Current owner
From public records · entity-resolved
Space Coast Busn Realty Center
Entity
Mailing address
5815 US HWY 1ST #3, ROCKLEDGE, FL 32955-5792
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2014
—
Space Coast Busn Realty Center
Ellingson,gregory P
Grant Deed
related
$1,500,000 · Bankfirst
Oct 27, 2010
—
Fred D Boozer JR.
Boozer Fred D JR Trust
Quit Claim Deed
related
—
Sep 17, 2003
$145,500
Boozer,tr
Malone,e M & Leslie C
Grant Deed
—
Oct 2, 2002
$8,000
Psb Investment Group INC
Malone,e M & Leslie C
Grant Deed
—
Apr 4, 2001
$23,000
Malone E M
Happy Landings Homes INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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