Renovated Freestanding Medical
For Sale
$1,800,000
1727 N Atlantic Avenue, 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 Market130
Property Features for 1727 N Atlantic Avenue
General Information
Standard status
Active
Size
4,081 SF
Additional Details
Traffic Count
33,000 vehicles/day
Office Units
10
Listing Agency:
JM Real Estate
(321) 242-2882
Listed By:
Shey Anderson · License #3435883
(321) 749-8921
Source:
Startbrevardsearch
Added: Jun 17
Changed: Oct 4
Last Checked: Oct 23 at 6:15AM
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
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Investment Insights
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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 / Yr
$55,534
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
10
Office units
33,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
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 Avenue 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
