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Property profile & analytics
FOR LEASE
Strip malls
920 Barton Blvd Rockledge, FL 32955
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-6019960
For Lease
1 / 2
$3,930,000
920 Barton Blvd, Rockledge, FL 32955
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
38,210 SF
Lot
7.36 ac (320,602 SF)
Zoning code
C1A
APN
25-36-05-00-00752.1-0000.00
UPID
US18-6019960
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
by Request
Comparable Approach
Comparable
$4.60M
Blend (final)
Blend
$3.93M
Owner & transaction history
Independent Development Services Co · 3 yrs held
Independent Development Services Co
since 2023
7 recorded transactions
Zoning & alternative use
C1A · Rockledge, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.1M
+16.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,230,000
Current use
MEDICAL BUILDING
$6,115,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$3.93M
Range $3.54M – $4.32M · ±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
$103 / 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
$52,551
Tax year 2023
Assessed value
$3,256,380
Assessed 2023
Previous assessed
$2,013,130
+61.8% YoY
Effective rate
1.61%
On assessed value
Assessed land
$624,860
Assessed improvement
$2,631,520
Land market value
$624,860
Improvement market value
$2,631,520
Total market value
$3,256,380
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
4
Total area
38,210 SF
Lot
7.36 ac (320,602 SF)
Zoning code
C1A
APN
25-36-05-00-00752.1-0000.00
UPID
US18-6019960
Jurisdiction
BREVARD
Zoning & alternative use
C1A · Rockledge, FL
Zoning C1A · permitted uses
C1A · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
4
Lot
7.36 ac
Current owner
From public records · entity-resolved
Independent Development Services Co
Entity
Free & Clear · 3 yrs held
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2023
—
Independent Development Services Co
Thrifty Specialty Produce Of Rockle
Assignment Of Lease (leasehold Sale)
—
Aug 19, 2021
—
Jpa Properties II LLC
—
Deed
related
$446,000 · First Business Bank
Mar 15, 2021
$3,000,000
Jpa Properties II LLC
Village Green Plaza LLC
Warranty Deed
$3,446,000 · First Business Bank
Jul 24, 2013
—
Village Green Plaza LLC
Silver Spring Manor INC
Warranty Deed
—
Jun 8, 2010
$30,000
Mallikarjuna R Penumudi
Silver Spring Manor INC
Warranty Deed
—
Jun 28, 2005
$5,500,000
Silver Spring Manor INC
Village Green Ptshp
Warranty Deed
—
Mar 14, 2005
$4,111,200
Scp 2004e-028 LLC
Rockledge Fl Cvs LLC
Grant Deed
$4,079,742 · Wells Fargo Bank Northwes (te)
Mar 4, 2004
$583,400
Rockledge Fl Cvs LLC
Village Green LP
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.
Try Rey
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