Medical Office Space For
13832 US-1 Sebastian, FL 32958
13832 US-1, Sebastian, FL, 32958
Contact for pricing
Medical office space for sale near Sebastian River Medical Center.
Property Size980 SF
Price / SF$267.86
AddedAug 15, 2024
Days on Market701
Last RefreshJul 13 at 3:39 am
Property Features for 13832 US-1
General Information
- Standard status
- Active
- Size
- 980 SF
- Property subtype
- Office
Building Details
- Year Built
- 1988
Listing office The Ullian Realty Corporation
Listing date Aug 15, 2024
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 The Ullian Realty Corporation
Investment Insights
Based on property information with market context.
This 980-square-foot commercial real estate property is located at the northern boundary of Indian River County, strategically positioned directly across from the Sebastian River Medical Center. The property benefits from convenient US1 frontage, providing easy access to Brevard County, Wabasso Causeway, and Vero Beach. It features a reception/waiting room, four plumbed exam rooms, one office, a lab, and two restrooms. The interior includes a mix of carpet and tile flooring, along with a drop ceiling throughout. A new HVAC unit was installed in 2020. There are 81 paved, striped, and lighted concrete common parking spaces available at the plaza. The estimated 2026 association dues are $2,180.96 per quarter. City water and sewer are included in the association dues, while FPL electric is paid by the tenant. The property is adjacent to a variety of medical practices. The landlord collects $2,469.24 per month, with a 3% annual rent escalator. The current lease term expires on August 7, 2028. The landlord pays base year taxes, while the tenant pays property tax increases and interior contents insurance, as well as interior upkeep and maintenance. The landlord covers HVAC costs above $250 per service call.
Key Highlights
- Strategically located directly across from Sebastian River Medical Center and adjacent to other medical practices.
- Four plumbed exam rooms, lab, office, reception/waiting room, and two restrooms.
- Convenient US1 frontage provides easy access to Brevard County, Wabasso Causeway & Vero Beach.
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 | $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 5.08%
Second Best
Healthcare Medical
$176.2K
$154.2K – $205.6K
NOI $12,334 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$258.6K
$226.2K – $301.7K
NOI $18,099 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
What type of property is this?
Medical Office Space - Medical office space for sale near Sebastian River Medical Center.
Where is this medical office space located?
The property is located at 13832 US-1 Sebastian, FL.
What is the asking price?
The asking price for this property is $262,500.
What are key features of this property?
This property features: Strategically located directly across from Sebastian River Medical Center and adjacent to other medical practices.; Four plumbed exam rooms, lab, office, reception/waiting room, and two restrooms.; Convenient US1 frontage provides easy access to Brevard County, Wabasso Causeway & Vero Beach.
