Medical Imaging Center with MRI
For Sale
$500,000
2301 Florida 524, Cocoa, FL 32926
Commercial Sale, Cocoa, FL
Property Size1,200 SF
Price / SF$416.67
Days on Market95
Property Features for 2301 Florida 524
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Subdivision
Cocoa Commons
Directions
Corner of SR 524 and Grissom Rd. in Cocoa, FL. Cocoa Commons/PUBLIX Shopping Center. Unit A135.
Standard status
Active
Size
1,200 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2976
HOA Fee
$713 Monthly
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2001
Floors in Building
1
Number of units
1
Building materials
Block
Listing Agency:
Garcia Real Estate & Mgmt Svc.
(321) 480-4002
Listed By:
Ruben Garcia · License #3086105
(321) 784-6286
Added: Jun 14
Changed: Sep 9
Last Checked: Sep 16 at 11:06AM
MLS# 1079985
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical center comprises an approximately 1,200 SF office facility configured for diagnostic imaging services. The sale includes an Esaote G-scan Brio MRI system and a built-in MRI suite with an RF-shielded room. Interior areas include reception, patient waiting, private changing, consultation, storage, staff support, and a bathroom. Block construction dates to 2001, with public water and public sewer service.
The property is located at 2301 Florida 524 in Cocoa Commons Shopping Center, Cocoa, Florida. A parking lot serves the center. The buyer will take over the existing lease, which runs through February 2029. The owner will provide three to four weeks of transition support. The offering includes the business, lease, MRI machine, and imaging suite.
The property is located at 2301 Florida 524 in Cocoa Commons Shopping Center, Cocoa, Florida. A parking lot serves the center. The buyer will take over the existing lease, which runs through February 2029. The owner will provide three to four weeks of transition support. The offering includes the business, lease, MRI machine, and imaging suite.
Key Highlights
- Approximately 1,200 SF medical office facility
- Esaote G‑scan Brio MRI system included
- Built‑in MRI suite with RF‑shielded room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,330
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$326,600
$326.6K
Cap Rate 7%
$233,286
$233.3K
Cap Rate 9%
$181,444
$181.4K
Market Conditions
NOI Build-Up for 1,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.9K $21.60/SF
− Vacancy
−$4.1K −$3.46/SF
EGI
$21.8K $18.14/SF
− OpEx
−$5.4K −$4.54/SF
NOI
$16.3K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$326,600
Cap Rate 7%
$233,286
Cap Rate 9%
$181,444
Alternative Uses
Best Use
Office B
$233.3K
$204.1K – $272.2K
NOI $16,330 @ 7.0% cap · market cap 3.27%
Second Best
Healthcare Medical
$215.8K
$188.8K – $251.7K
NOI $15,103 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 32926, FL
22,693
Population
10,796
Households
2.1
Avg Household Size
49
Median Age
22%
College-Educated
88%
High-School Grad
49.3 sq mi
ZIP Area
460
Density / Sq Mi
$65,092
Median Household Income
$36,795
Median Earnings
$1,297
Median Rent
$251,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Built-out diagnostic imaging facility with an MRI system, patient areas, and an existing lease through February 2029.
Where is this medical center located?
The property is located at 2301 Florida 524 Cocoa, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approximately 1,200 SF medical office facility; Esaote G‑scan Brio MRI system included; Built‑in MRI suite with RF‑shielded room
