260 N Tropical Trl, Merritt Island, FL 32953
Brand-new office-medical building with an elevator, hurricane-rated windows and doors, and ample parking.
- Added:
- Jul 15, 2024
- Days on Market:
- 723
- Last Refresh:
- Jul 6 at 1:55 am
Property Features for 260 N Tropical Trl
General Information
- Standard status
- Active
- Size
- 10,413 SF
Listing office Perrone Realty, LLC (407) 733-0725
Listing date Jul 15, 2024
Source Exprealty
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 Perrone Realty, LLC
HighLights
- Brand‑new 2‑story office/medical complex
- Includes an elevator and handicap accessible features
- Hurricane‑rated windows and doors
- Ample parking for staff and visitors
- Barrel tile roof with designer exterior colors
- Centrally located just north of 520 on Merritt Island
Overview
The property is located at 260 N Tropical Trl in Merritt Island, just north of 520. It offers plenty of parking to support both patient and staff convenience, and the central positioning helps make the building easy to reach for businesses serving the surrounding area.
With its office and medical focus, this building can suit a range of professional uses that value controlled, walk-in friendly access and strong site presentation. The elevator supports multi-level operations, while handicap accessibility helps accommodate visitors and patients. The combination of hurricane-rated openings, dedicated parking, and turnkey new construction makes it a practical option for an organization seeking a ready-to-fit headquarters-style environment in a purpose-built office setting.
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 | $224.9k | $21.60 |
| − Vacancy | −$36.0k | −$3.46 |
| EGI | $188.9k | $18.14 |
| − OpEx | −$47.2k | −$4.54 |
| NOI | $141.7k | $13.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Merritt Island
- County
- Brevard
- State
- Florida
- Longitude
- -80.7059869
- Latitude
- 28.3606865
