Medical Office Unit For
13832 Us Highway 1 Sebastian, FL 32958
For Sale
$272,500
Income-producing medical office unit in Sebastian, Florida. Tenant in place.
Property Size980 SF
Price / SF$278.06
Days on Market711
Property Features for 13832 Us Highway 1
General Information
Standard status
Active
Size
980 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1988
Listing Agency:
The Ullian Realty Corporation
(321) 750-3439
Listed By:
Zachary Michael Ullian · License #3445627
(321) 750-3439
Source:
Exitrealty
Added: Aug 16, 2024
Changed: Jul 6
Last Checked: Jul 27 at 3:57AM
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 The Ullian Realty Corporation
Investment Insights
Based on property information with market context.
This is an opportunity to purchase a 980 square foot income-producing medical office unit located in Sebastian, Florida. The interior layout features a reception and waiting area, four plumbed examination rooms, one office, a lab, and two restrooms. The space has a mix of carpet and tile flooring, along with a drop ceiling throughout. The unit is currently occupied by Pelican Pediatrics, which has been in place since 2009. The current rent is $2,469.24 per month, with 3% annual rent escalators. The tenant's lease expires on August 7, 2028. The property is located within Zales Plaza, strategically positioned directly across from the Orlando Health Sebastian River Medical Center. Its US1 frontage provides convenient access to Brevard County, Wabasso Causeway, and Vero Beach. This property is suitable for medical office use.
Key Highlights
- Income‑producing medical office unit with existing tenant (Pelican Pediatrics) since 2009.
- Current monthly rent of $2,469.24 with 3% annual rent escalators.
- Tenant's lease in place until 8/7/2028.
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 | $21.2k | $21.60 |
| − Vacancy | −$3.4k | −$3.46 |
| EGI | $17.8k | $18.14 |
| − OpEx | −$4.4k | −$4.54 |
| NOI | $13.3k | $13.61 |
980 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$190.5K
$166.7K – $222.3K
NOI $13,336 @ 7.0% cap · market cap 4.89%
Second Best
Healthcare Medical
$176.2K
$154.2K – $205.6K
NOI $12,334 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$258.6K
$226.2K – $301.7K
NOI $18,099 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Roseland Animal Hospital — 13539 US-1, Sebastian, FL 32958
Frequently Asked Questions
What type of property is this?
Medical Office Space - Income-producing medical office unit in Sebastian, Florida. Tenant in place.
Where is this medical office space located?
The property is located at 13832 Us Highway 1 Sebastian, FL.
What is the asking price?
The asking price for this property is $272,500.
What are key features of this property?
This property features: Income‑producing medical office unit with existing tenant (Pelican Pediatrics) since 2009.; Current monthly rent of $2,469.24 with 3% annual rent escalators.; Tenant's lease in place until 8/7/2028.
