505 Barton Boulevard
About This Property
As one of the key signalized locations in Rockledge, this is an excellent location for fast food, retail, professional, and office use. Burger King occupies the southeast corner across Cogswell.
The land dimensions for the .51-acre site are approximately 140' on Barton (18,450 ADT) and 160' on Cogswell with entry drives on each street.
The City of Rockledge $11,000,000 redevelopment and beautification project of the Barton Boulevard corridor garnered the 2009 Florida Redevelopment Association' s Best Capital Project / Beautification Award.
Lot is clear, flat, level, all utilities, zoning for retail, professional.
City of Cocoa Water / City of Rockledg Rockledg
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 20, 2017 | Sold | ||
| Sold | |||
| Nov 23, 2016 | Listed by Dreyer & Associates R.E. Grp. | $216,000 | |
| Listed by Dreyer & Associates R.E. Grp. | |||
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Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 776414
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