Renovated Freestanding Medical
For Sale
$1,800,000
1727 N Atlantic Ave, Cocoa Beach, FL 32931
Renovated freestanding building with 10 private offices, four with sinks, and onsite parking on A1A.
Property Size4,081 SF
Price / SF$441.07
Days on Market69
Property Features for 1727 N Atlantic Ave
General Information
Standard status
Active
Size
4,081 SF
Additional Details
Traffic Count
33,000 vehicles/day
Office Units
10
Taxes and HOA fees
Annual Taxes
$12,247
Listing Agency:
JM Real Estate
(321) 749-8921
Listed By:
Shey Anderson · License #3435883
(321) 749-8921
Source:
Exprealty
Added: Jun 17
Changed: Aug 23
Last Checked: Aug 24 at 9:21AM
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 JM Real Estate
Investment Insights
Based on property information with market context.
This freestanding 3,478 SF office building offers a renovated interior designed around 10 private offices, including four offices equipped with sinks. The layout is flexible, supporting a range of professional uses where dedicated rooms and a turnkey interior matter. Ample onsite parking is included, and the property is presented as move-in-ready for immediate use.
Located along North Atlantic Avenue (A1A) in Cocoa Beach, the building benefits from prominent exposure to approximately 33,000 vehicles per day. The curb-facing position on a highly traveled corridor supports walk-up visibility and consistent signage exposure for both appointment-based and day-to-day professional operations.
For an owner-user or tenant seeking a turnkey medical, medspa, wellness, or professional office environment, the existing room configuration can help streamline early setup. Four sink-equipped offices may support clinical or treatment-adjacent workflows, while the remaining private offices provide straightforward space planning for practitioners, coordinators, or service teams. The freestanding nature and onsite parking make the property practical for customers and staff alike.
Located along North Atlantic Avenue (A1A) in Cocoa Beach, the building benefits from prominent exposure to approximately 33,000 vehicles per day. The curb-facing position on a highly traveled corridor supports walk-up visibility and consistent signage exposure for both appointment-based and day-to-day professional operations.
For an owner-user or tenant seeking a turnkey medical, medspa, wellness, or professional office environment, the existing room configuration can help streamline early setup. Four sink-equipped offices may support clinical or treatment-adjacent workflows, while the remaining private offices provide straightforward space planning for practitioners, coordinators, or service teams. The freestanding nature and onsite parking make the property practical for customers and staff alike.
Key Highlights
- 3,478 SF freestanding commercial building on North Atlantic Avenue (A1A) in Cocoa Beach
- Renovated interior with 10 private offices, including 4 offices equipped with sinks
- Flexible layout suited for medical, medspa, wellness, or professional office use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,534
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,110,680
$1.1M
Cap Rate 7%
$793,343
$793.3K
Cap Rate 9%
$617,044
$617.0K
Market Conditions
NOI Build-Up for 4,081 SF
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.
Gross rent
$88.1K $21.60/SF
− Vacancy
−$14.1K −$3.46/SF
EGI
$74.0K $18.14/SF
− OpEx
−$18.5K −$4.54/SF
NOI
$55.5K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,110,680
Cap Rate 7%
$793,343
Cap Rate 9%
$617,044
Alternative Uses
Best Use
Office B
$793.3K
$694.2K – $925.6K
NOI $55,534 @ 7.0% cap · market cap 3.09%
Second Best
Healthcare Medical
$733.7K
$642.0K – $856.0K
NOI $51,362 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$1.08M
$942.1K – $1.26M
NOI $75,368 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Office units
33,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
Demographics for 32931, FL
13,643
Population
10,763
Households
1.3
Avg Household Size
60
Median Age
52%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
2,624
Density / Sq Mi
$84,769
Median Household Income
$51,769
Median Earnings
$1,533
Median Rent
$478,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated freestanding building with 10 private offices, four with sinks, and onsite parking on A1A.
Where is this office building located?
The property is located at 1727 N Atlantic Ave Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 3,478 SF freestanding commercial building on North Atlantic Avenue (A1A) in Cocoa Beach; Renovated interior with 10 private offices, including 4 offices equipped with sinks; Flexible layout suited for medical, medspa, wellness, or professional office use
