Freestanding Medical Office
For Sale
$1,000,000
1099 Florida Avenue, Rockledge, FL 32955
Functional medical space in Rockledge, ready for occupancy.
Property Size6,826 SF
Price / SF$146.50
Days on Market195
Property Features for 1099 Florida Avenue
General Information
Standard status
Active
Size
6,826 SF
Class
B
Property subtype
Office
Building Details
Building Size
6,826 SF
Year Built
1988
Listing Agency:
Lightle Beckner Robison, Inc.
Listed By:
Rob Beckner, SIOR · License #FL #SL707053
(321) 863-3226
Source:
Teamlbr
Added: Mar 27
Changed: Oct 4
Last Checked: Oct 5 at 5:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lightle Beckner Robison, Inc.
Investment Insights
Based on property information with market context.
This freestanding medical office building, located on Florida Avenue in Rockledge, Florida, offers 6,826 square feet of functional medical space. The property is strategically positioned in a well-established area of Brevard County, providing convenient access to US-1 and Interstate 95. This accessibility benefits both patients and staff commuting from nearby areas such as Melbourne and Cocoa. The building features ample on-site parking and includes up to eight plumbed exam rooms. The property's layout makes it suitable for various medical or professional users. Its proximity to residential neighborhoods, shopping centers, and other medical offices contributes to a steady flow of potential clients from nearby residents and businesses. Given the limited availability of larger freestanding medical office buildings in the market, this property presents a chance to secure a standalone facility that is largely turnkey, requiring only minor upfront improvements. The location is situated within a growing area of Brevard County, offering a strong setting for medical or professional practices.
Key Highlights
- Freestanding 6,826 SF medical office building, ideal for medical or professional users.
- Up to eight plumbed exam rooms, largely turnkey, requiring only minor improvements.
- Ample on‑site parking surrounding the property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,909
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,718,180
$1.7M
Cap Rate 7%
$1,227,271
$1.2M
Cap Rate 9%
$954,544
$954.5K
Market Conditions
NOI Build-Up for 6,826 SF
Gross rent
$155.6K $22.80/SF
− Vacancy
−$12.5K −$1.82/SF
EGI
$143.2K $20.98/SF
− OpEx
−$57.3K −$8.39/SF
NOI
$85.9K $12.59/SF
Area
Brevard County, FL
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,718,180
Cap Rate 7%
$1,227,271
Cap Rate 9%
$954,544
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $92,888 @ 7.0% cap · market cap 9.29%
Second Best
Healthcare Medical
$1.23M
$1.07M – $1.43M
NOI $85,909 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,063 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 32955, FL
40,275
Population
19,281
Households
2.1
Avg Household Size
46
Median Age
38%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
791
Density / Sq Mi
$85,133
Median Household Income
$43,574
Median Earnings
$1,656
Median Rent
$327,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Functional medical space in Rockledge, ready for occupancy.
Where is this medical office space located?
The property is located at 1099 Florida Avenue Rockledge, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Freestanding 6,826 SF medical office building, ideal for medical or professional users.; Up to eight plumbed exam rooms, largely turnkey, requiring only minor improvements.; Ample on‑site parking surrounding the property.
