Freestanding Medical Office
1099 Florida Ave, Rockledge, FL 32955
Functional medical space in Rockledge, ready for occupancy.
Type:Office
Property size:
6,826 SFPrice / SF:
$161/SF- Added:
- Feb 23, 2026
- Days on Market:
- 125
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 1099 Florida Ave
General Information
- Standard status
- Active
- Size
- 6,826 SF
- Property subtype
- Office
Building Details
- Year Built
- 1988
Listing office Lightle Beckner Robison Inc
Listing date Feb 23, 2026
Source Crexi
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
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.
- Strategically located on Florida Avenue in Rockledge, a well‑established area in Brevard County.
- Easy access to US‑1 and Interstate 95, convenient for patients and staff.
- Rare opportunity due to limited supply of larger freestanding medical office buildings.
Overview
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.4k | $21.60 |
| − Vacancy | −$23.6k | −$3.46 |
| EGI | $123.9k | $18.14 |
| − OpEx | −$31.0k | −$4.54 |
| NOI | $92.9k | $13.61 |
6,826 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $92,888 @ 7.0% cap · market cap 8.44%
Second Best
Healthcare Medical
$1.23M
$1.07M – $1.43M
NOI $85,909 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,063 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- Affordable Vet Care — Rockledge, FL 32955
Location Insight
- Map
- Local Demand
- City
- Rockledge
- County
- Brevard
- State
- Florida
- Longitude
- -80.7792
- Latitude
- 28.2781
Nearby Similar for Sale
FAQs
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 Ave Rockledge, FL.
What is the asking price?
The asking price for this property is $1,100,000.
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.
