Freestanding Medical Office
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 Market29
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Property Features for 1727 N Atlantic Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
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
landscaped grounds
private offices with sinks
reception area
waiting area
private 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
Changed: Oct 14
Last Checked: Oct 15 at 6:06PM
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 contains 4,081 square feet and was built in 1993. Its interior includes multiple private offices, four with sinks, a reception and waiting area, and two restrooms. A separate suite is used as a hair salon and has a private courtyard. The site includes a parking lot, mature landscaping, and a tile roof; central heating and air conditioning serve the building.
The property occupies 0.96 acres on North Atlantic Avenue in Cocoa Beach, along A1A. A 0.42-acre vacant parcel is included and zoned RM-2. The stated zoning allows residential and multifamily development, professional office, churches, mixed-use projects, daycare, assisted living, and accessory retail or restaurant uses. Public water and sewer serve the property. The vacant parcel is 0.5 miles from the forthcoming Westin Resort & Spa.
The property occupies 0.96 acres on North Atlantic Avenue in Cocoa Beach, along A1A. A 0.42-acre vacant parcel is included and zoned RM-2. The stated zoning allows residential and multifamily development, professional office, churches, mixed-use projects, daycare, assisted living, and accessory retail or restaurant uses. Public water and sewer serve the property. The vacant parcel is 0.5 miles from the forthcoming Westin Resort & Spa.
Key Highlights
- 4,081‑square‑foot office building on a 0.96‑acre property
- Freestanding building constructed in 1993
- Multiple private offices, including four with sinks; reception, waiting area, and two restrooms
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
Yes
Paved road access
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
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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?
Office building - Private offices, reception and waiting areas, on-site parking, and a separate suite serve a range of professional functions.
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: 4,081‑square‑foot office building on a 0.96‑acre property; Freestanding building constructed in 1993; Multiple private offices, including four with sinks; reception, waiting area, and two restrooms
