Medical Office Space For
For Sale
$262,500
13832 Us Highway 1, Sebastian, FL 32958
Medical office space for sale near Sebastian River Medical Center.
Property Size980 SF
Price / SF$267.86
Days on Market204
Property Features for 13832 Us Highway 1
General Information
Standard status
Active
Size
980 SF
Listing Agency:
The Ullian Realty Corporation
(321) 729-9900
Listed By:
Zachary Michael Ullian · License #3445627
(321) 750-3439
Source:
Startbrevardsearch
Added: Mar 26
Changed: Oct 5
Last Checked: Oct 14 at 11:02PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,262
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,240
$265.2K
Cap Rate 7%
$189,457
$189.5K
Cap Rate 9%
$147,356
$147.4K
Market Conditions
NOI Build-Up for 980 SF
Gross rent
$24.7K $25.20/SF
− Vacancy
−$2.6K −$2.65/SF
EGI
$22.1K $22.55/SF
− OpEx
−$8.8K −$9.02/SF
NOI
$13.3K $13.53/SF
Area
Indian River County, FL
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,240
Cap Rate 7%
$189,457
Cap Rate 9%
$147,356
Alternative Uses
Best Use
Healthcare Medical
$189.5K
$165.8K – $221.0K
NOI $13,262 @ 7.0% cap · market cap 5.05%
Second Best
Office B
$149.8K
$131.1K – $174.8K
NOI $10,487 @ 7.0% cap · market cap 4.00%
Theoretical Best
Specialty Retail
$214.9K
$188.1K – $250.7K
NOI $15,044 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32958, FL
28,619
Population
15,512
Households
1.8
Avg Household Size
58
Median Age
29%
College-Educated
92%
High-School Grad
27.9 sq mi
ZIP Area
1,026
Density / Sq Mi
$68,276
Median Household Income
$37,412
Median Earnings
$1,388
Median Rent
$279,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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 - Medical office space for sale near Sebastian River Medical Center.
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 $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.
