Free-Standing Dental
For Sale
Contact for pricing
150 N Banana River Drive, Merritt Island, FL 32952
Free-standing dental office with existing dental infrastructure, plumbing, layout, and included equipment for a tailored renovation.
Property Size2,658 SF
Price / SF$1.50
Days on Market106
Property Features for 150 N Banana River Drive
General Information
Standard status
Active
Size
2,658 SF
Property subtype
Office
Listing Agency:
Yusti Realty Group
(786) 328-2925
Listed By:
Fatima Luniela Yusti · License #3413472
(786) 328-2966
Source:
Lehmannflorida
Added: Jul 16
Changed: Oct 27
Last Checked: Oct 28 at 7:58AM
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 Yusti Realty Group
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Investment Insights
Based on property information with market context.
This free-standing dental office offers an existing dental infrastructure package, including plumbing and an in place layout designed around dental use. The property has operated as a successful dental practice for more than 40 years, and the configuration provides a practical foundation for a custom renovation. Existing equipment is included, though it may require updating.
Located in Merritt Island, the property is positioned to support continuity for a dental operator seeking a long-standing dental location while tailoring the office to current practice needs.
With the existing build-out, plumbing, and dental-focused layout already in place, this asset can serve as a starting point for a modernized dental office design.
Located in Merritt Island, the property is positioned to support continuity for a dental operator seeking a long-standing dental location while tailoring the office to current practice needs.
With the existing build-out, plumbing, and dental-focused layout already in place, this asset can serve as a starting point for a modernized dental office design.
Key Highlights
- Free‑standing dental office in the heart of Merritt Island.
- Formerly home to a successful dental practice for more than 40 years.
- Existing dental infrastructure, plumbing, and layout in place for reuse.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,453
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,060
$669.1K
Cap Rate 7%
$477,900
$477.9K
Cap Rate 9%
$371,700
$371.7K
Market Conditions
NOI Build-Up for 2,658 SF
Gross rent
$60.6K $22.80/SF
− Vacancy
−$4.8K −$1.82/SF
EGI
$55.8K $20.98/SF
− OpEx
−$22.3K −$8.39/SF
NOI
$33.5K $12.59/SF
Area
Brevard County, FL
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,060
Cap Rate 7%
$477,900
Cap Rate 9%
$371,700
Alternative Uses
Best Use
Office B
$516.7K
$452.1K – $602.8K
NOI $36,170 @ 7.0% cap · market cap 907.20%
Second Best
Healthcare Medical
$477.9K
$418.2K – $557.6K
NOI $33,453 @ 7.0% cap · market cap 839.05%
Theoretical Best
Office A
$701.3K
$613.6K – $818.1K
NOI $49,088 @ 7.0% cap · market cap 1,231.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 32952, FL
20,670
Population
10,108
Households
2
Avg Household Size
52
Median Age
45%
College-Educated
96%
High-School Grad
12.3 sq mi
ZIP Area
1,680
Density / Sq Mi
$98,651
Median Household Income
$53,478
Median Earnings
$1,353
Median Rent
$404,000
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Free-standing dental office with existing dental infrastructure, plumbing, layout, and included equipment for a tailored renovation.
Where is this medical office space located?
The property is located at 150 N Banana River Drive Merritt Island, FL.
What are key features of this property?
This property features: Free‑standing dental office in the heart of Merritt Island.; Formerly home to a successful dental practice for more than 40 years.; Existing dental infrastructure, plumbing, and layout in place for reuse.
