Freestanding Medical Office
New
For Sale
$1,800,000
1727 N Atlantic Avenue, Cocoa Beach, FL 32931
Commercial Sale, Cocoa Beach, FL
Property Size4,081 SF
Lot Size0.96 Acres
Price / SF$441.07
Days on Market5
Property Features for 1727 N Atlantic Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Parking features
Parking Lot
Directions
Heading Southbound on A1A from 520, pass S Banana River Blvd intersection, then the property is on the West side of A1A.
Subdivision
272 - Cocoa Beach
Standard status
Active
APN
25-37-03-00-00005.0-0000.00
Size
4,081 SF
Lot size
0.96 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PART OF S 1/2 OF GOVT LOT 4 W OF A1A AS DESC IN ORB 3198 PG 261 PARS 6 & 7
Tax Annual Amount
12248
Legal Description
PART OF S 1/2 OF GOVT LOT 4 W OF A1A AS DESC IN ORB 3198 PG 261 PARS 6 & 7
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
courtyard
Building Details
Year built
1993
Flooring type
Wood, Tile
Building materials
Stucco
Roof type
Tile
Listing Agency:
Waterman Real Estate Inc.
(321) 244-7653
Listed By:
Meili Viera Porter · License #3215665
(321) 848-7344
Added: Sep 17
Last Checked: Sep 21 at 9:06AM
MLS# 1087808
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding office property combines a 4,081-square-foot medical and professional building with a 0.42-acre vacant lot. The building includes multiple private offices, four offices with sinks, reception and waiting areas, and separate salon space with access to a private courtyard. Wood and tile flooring, central heating and central air, a tile roof, stucco construction, and three listed bathrooms are included among the improvements.
Positioned at 1727 N Atlantic Avenue in Cocoa Beach, the property has visibility along A1A and on-site parking. The additional land is zoned RM-2, with source-stated allowances that include residential, multifamily, professional office, church, mixed-use, daycare, assisted living, and accessory retail or restaurant uses. Public water and public sewer serve the property.
Positioned at 1727 N Atlantic Avenue in Cocoa Beach, the property has visibility along A1A and on-site parking. The additional land is zoned RM-2, with source-stated allowances that include residential, multifamily, professional office, church, mixed-use, daycare, assisted living, and accessory retail or restaurant uses. Public water and public sewer serve the property.
Key Highlights
- 4,081‑square‑foot freestanding medical and professional office building
- 0.42‑acre vacant lot included with RM‑2 zoning
- Multiple private offices, including four with sinks
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
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Central Cocoa Beach property includes private offices, reception and waiting areas, and a separate salon suite.
Where is this medical office space 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: 4,081‑square‑foot freestanding medical and professional office building; 0.42‑acre vacant lot included with RM‑2 zoning; Multiple private offices, including four with sinks
