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
Lat, Long: 28.349, -80.723

For Sale - 227 Rockledge Dr, $675,000

MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955 MLS Listing for 227 Rockledge Dr, Rockledge, FL 32955

0 bedroom 0.00 bath 6,312 Sq Ft

***INDIAN RIVER PRE-WAR FIXER-UPPER (SHORT-TERM OWNER FINANCING AVAILABLE)*** Don't miss an opportunity to re-build a charming home in the heart of the desirable Rockledge Drive neighborhood. With over 6000 sq ft, this 1909 built home sits on a large corner lot, with a breathtaking Indian River view and a quad-plex building to the rear. With over 5,000 sq. ft. of living space, the three-story, Rockledge Drive main house has been completely demoed and is ready for your vision. The quad-plex building has income property potential of an estimate of $2,400 and zoning must be verified with the building department. Owner is very open to short-term creative financing. Bring all offers. Room sizes are subject to error.

Bedrooms0
Full Bathrooms0.00
Half Bathrooms0
Finance OptionsCash,Creative
MLS Number711077
Last Updated11/26/2014 01:32am


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. Brevard,LLC. 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
Edit Values and Estimate Cashflow Estimate Cashflow
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Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

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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Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

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. 227 Rockledge Dr Walkscore
  3. Rockledge, FL Property Values on Trulia
  4. Search for EPA and DEP Cleanup Sites

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. Coquina Village Side, Inc. (7 Oak St)
  2. Organized Fishermen Of Florida, Inc. (225 Rockledge Dr)
  3. Cameron Industries, LLC (227 Rockledge Dr)
  4. J. D. Johnson, Inc. (23 Sutton)
  5. Maverick Charters, Inc. (351 Rockledge Dr)
  6. Lucille Rees, Inc. (345 Rockledge Dr)
  7. Wmwft, LLC (407 Rockledge Dr)
  8. Perry Douglas West Chartered (215 S Riverside Dr)
  9. Nanogen Power Systems LLC (215 S Riverside Dr)
  10. Telephus Technologies, LLC (215 S Riverside Dr)
  11. Voicelift, Inc. (215 S Riverside Dr)
  12. 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.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

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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.