227 Rockledge Dr, Rockledge - $675,000

Usage

Mixed use - store and office or store and residential or residential combination

Address:

227 Rockledge Dr
Rockledge
FL 32955

Property Size:6,312 sq ft
Acreage:0.38
Year Built:1909
Property Class:B3
Latitude:28.349
Longitude:-80.723

For Sale/Lease - 227 Rockledge Dr, $675,000

6,695 Sq Ft Commercial

***RIVERFRONT COMMERCIAL*** Don't miss an opportunity to own commercial property in the heart of the historic Rockledge Dr. neighborhood, just a short walk from Cocoa Village. With over 6000 sq ft, this 1909 built home is sits on a large commercial corner lot, with a breathtaking Indian River view and a triplex building to the rear. This could be the ideal investment opportunity for a private practice, attorney, assisted living, or multi-family rental. The multi-slip dock has potential to be rented out as wet storage for additional income. The business plan for a residential living facility, construction estimates and architectual drawings are available. Main house has been demoed. Room sizes are subject to error. All zoning and property use restrictions must be verified by buyer agent

Current UseCommercial
ZoningR1
Sq.Ft. Gross6695.00
Taxes4438.51
Last Updated09/20/2014 01:30am
MLS Number703395


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 157114

Please quote reference number: 157114 when you call or email


Listing provided by Dale Sorensen R.E. of Brevard. Copyright 2014 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved.

Estimated Value: 227 Rockledge Dr

Market Data

In 2013 class A mixed use - store and office or store and residential or residential combination properties in Rockledge sold for $556.34 to 556.34 per sq ft with a median price per sq ft of $556.34. Class B properties sold for $556.35 to 556.33 per sq ft with a median of $556.34 and class C properties sold for $556.34 to 556.34 per sq ft with a median of $556.34.

Market Valuation

227 Rockledge Dr appears to be a B Class property. Suggested value: $3,511,618

HighMedianLow
Value3,511,555 3,511,618 3,511,681

Income Valuation - Triple Net Lease

Visulate estimates the income value of this property is $1,086,943. Details of how we produced this estimate value appear below:

The following table shows a income valuation estimate for 227 Rockledge Dr. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Net lease values for maintenance, property tax, utilities and insurance shown below are calculated as a percentage of the full amount based on the vacancy percentage.

Amount
Monthly Rent7,206
Annual Rent per Sq Ft13.70
Gross Annual Rent86,474
Vacancies and Bad Debt7%
Vacancies and Bad Debt Amount6,226
Maintenance236
HOA, Utilities and CAM0
Property Taxes275
Insurance441
Management Fees3,210
NOI76,086
Cap Rate7
Estimated Value1,086,943
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Brevard County, Florida

Brevard County is in East Central Florida. The main cities in Brevard County are Palm Bay (population 103,190), Melbourne (population 76,068) and Titusville (population 43,761)


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Local Household Income

The median household income in this part of Florida is $64,047. The bottom 10% of the population earn less than $21,382 per year. The top 10% earn more than $142,553 per year. The top 1% earn more than $397,861 per year. Most renters earn between $29,568 (20th percentile) and $53,724 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $895. Most renters earn between $2,464 and $4,477 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $649 (20th percentile) to $1,268 (80th percentile) range. The residential vacancy rate is 10%.

Links

  1. 227 Rockledge Dr, Rockledge, FL on Google Maps
  2. Rockledge, FL Property Values on Trulia
  3. Demographic Data for Zipcode 32955 from City-Data.com
  4. Rockledge Demographics from City-Data.com
  5. Phone numbers and opening hours for businesses in the 32955 Zipcode

Documents

  1. 227 Rockledge Dr Building Footprint

Buildings

BuildingYear BuiltSizeUsageFeatures
Building 1 1909 5,010.00 Commercial Improvement Not Suitable For Occupancy Plywd/T111 Exterior, Wood Frame, Enamel Metal Roof, Hip/Gable Roof, Pool, Boat Dock,
Building 2 1957 1,302.00 Commercial Improvement Not Suitable For Occupancy Triplex Plywd/T111 Exterior, Wood Frame, Enamel Metal Roof, Hip/Gable Roof, Pool, Boat Dock, Painted Exterior, Masonry Concete Frame, Bu-Tg/Mmbrn Roof, Utility Room,

Owner Details

Companies at this Address

  1. Principal Address for Cameron Industries, LLC
  2. Mailing Address for Cameron Industries, LLC

Companies near this Address

  1. Wmwft, LLC (407 Rockledge Dr)
  2. Maverick Charters, Inc. (351 Rockledge Dr)
  3. J. D. Johnson, Inc. (23 Sutton)
  4. Cameron Industries, LLC (227 Rockledge Dr)
  5. Organized Fishermen Of Florida, Inc. (225 Rockledge Dr)
  6. Coquina Village Side, Inc. (7 Oak St)
  7. Perry Douglas West Chartered (215 S Riverside Dr)
  8. Nanogen Power Systems LLC (215 S Riverside Dr)
  9. Telephus Technologies, LLC (215 S Riverside Dr)
  10. Voicelift, Inc. (215 S Riverside Dr)
  11. 209 Riverside LLC (209 Riverside Dr)

Sales History

DateSold BySold ToDeed TypePrice
02/22/2005 Seller: 92419 Buyer: 92419 Quit Claim 100.00
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

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MLS Data

Visulate participates in My Flordia Regional, South East Florida MLS and the Brevard County Broker Reciprocity programs, allowing us to display other broker's listings on our site. Listing data supplied by other brokers is deemed reliable but not guaranteed. It is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties to buy, lease or rent.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Programs of My Flordia Regional, South East Florida MLS and Brevard County, Florida. Real estate listings held by brokerage firms other than Visulate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.