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Property profile & analytics
OFF-MARKET
Estimated value
$2,715,000
Grocery and convenience stores
608 Barnes Blvd Rockledge, FL 32955-5210
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-2591907
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,407 SF
Lot
9.66 ac (420,790 SF)
Zoning code
C2
APN
25-36-21-00-00026.0-0000.00
UPID
US18-2591907
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
$3.09M
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$2.72M
Owner & transaction history
Barnes Rockledge LLC · 12 yrs held
Barnes Rockledge LLC
since 2013
7 recorded transactions
Zoning & alternative use
C2 · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.9M
+30.3%
Office building
$3.5M
+16.3%
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%
$3,345,000
6.5%
$3,085,000
7%
$2,865,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,985,000
Current use
AUTO REPAIR, GARAGE
$3,890,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$3,470,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$2,785,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$2.72M
Range $2.44M – $2.99M · ±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
$156 / 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
$69,384
Tax year 2023
Assessed value
$3,868,550
Assessed 2023
Previous assessed
$3,763,430
+2.8% YoY
Effective rate
1.79%
On assessed value
Assessed land
$1,351,870
Assessed improvement
$2,516,680
Land market value
$1,351,870
Improvement market value
$2,516,680
Total market value
$3,868,550
Applied tax rate
23.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Units
1
Total area
17,407 SF
Lot
9.66 ac (420,790 SF)
Zoning code
C2
APN
25-36-21-00-00026.0-0000.00
UPID
US18-2591907
Jurisdiction
BREVARD
Zoning & alternative use
C2 · Rockledge, FL
Zoning C2 · permitted uses
C2 · Rockledge, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockledge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$2.8M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
9.66 ac
Current owner
From public records · entity-resolved
Barnes Rockledge LLC
Entity
Mailing address
PO BOX 49993, LOS ANGELES, CA 90049-0993
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2016
—
Barnes Rockledge LLC
—
Deed
related
$265,000,000 · Wells Fargo Bk
Dec 13, 2013
—
Barnes Rockledge LLC
Norman Pezeshki
Correction Deed
related
—
Dec 28, 2009
$1,920,000
Barnes Rockledge LLC
Pezeshifar Family Trust
Grant Deed
—
Oct 3, 2006
$5,100,000
Barnes Rockledge LLC
Strike Force III LLC
Warranty Deed
—
Dec 27, 2005
$4,000,000
Strike Force III LLC
Three Meadows Plaza Ptshp
Warranty Deed
—
Apr 14, 1997
$275,000
Harbor Federal Savings Bank
Three Meadows Plaza Partnershi
Grant Deed
related
—
—
—
Barnes Rockledge LLC
—
Loan Modification
related
$265,000,000 · Wells Fargo Bk
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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