Medical Office Building For
For Sale
Contact for pricing
1281 Florida Ave S, Rockledge, FL
8,946 SF medical office building near Rockledge Regional Medical Center.
Property Size8,946 SF
Lot Size1.06 Acres
Price / SF$206.80
Days on Market822
Property Features for 1281 Florida Ave S
General Information
Standard status
Active
Size
8,946 SF
Lot size
1.06 Acres
Property subtype
OFFICE
Listing Agency:
Lightle Beckner Robison, Inc.
(321) 722-0707
Listed By:
Robert P. Beckner SIOR · License #3494242
(321) 722-0707
Source:
Moodyscre
Added: May 3, 2024
Changed: Jul 10
Last Checked: Aug 2 at 5:59AM
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 8,946 square foot medical office building is suitable for an owner-user seeking additional income and synergy with existing tenants. There is potential to remodel the 3,000 square foot vacancy to maximize achievable market rents. The building is located less than 1 mile from Rockledge Regional Medical Center and is situated amongst other medical office buildings. Proximity to Rockledge High School, paired with visibility from direct frontage on Highway US-1, provides a customer base for any user or tenant.
Key Highlights
- 8,946 SqFt medical office building ideal for owner‑user
- Located less than 1 mile from Rockledge Regional Medical Center
- Opportunity to remodel 3,000 SF vacancy for higher market rents
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 | $193.2k | $21.60 |
| − Vacancy | −$30.9k | −$3.46 |
| EGI | $162.3k | $18.14 |
| − OpEx | −$40.6k | −$4.54 |
| NOI | $121.7k | $13.61 |
8,946 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,737 @ 7.0% cap · market cap 6.58%
Second Best
Healthcare Medical
$1.61M
$1.41M – $1.88M
NOI $112,591 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$2.36M
$2.07M – $2.75M
NOI $165,215 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rockledge Animal Clinic: Scinn Gregg DVM — 3035, 1934 s fiske blvd, rockledge, fl 32955
- Schroeck Veterinary Care — 1954 Rockledge Blvd #109, Rockledge, FL 32955
- Appling Amanda DVM — 1934 S Fiske Blvd, Rockledge, FL 32955
- Morse Benjamin a DVM — 1934 S Fiske Blvd, Rockledge, FL 32955
- Florida Affordable Veterinary Services — 1978 US-1 STE 105, Rockledge, FL 32955
Frequently Asked Questions
What type of property is this?
Medical Office Space - 8,946 SF medical office building near Rockledge Regional Medical Center.
Where is this medical office space located?
The property is located at 1281 Florida Ave S Rockledge, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 8,946 SqFt medical office building ideal for owner‑user; Located less than 1 mile from Rockledge Regional Medical Center; Opportunity to remodel 3,000 SF vacancy for higher market rents
