Titusville Medical Office Near
1855 JESS PARRISH Ct, Titusville, FL 32796
For Sale
$750,000
Spacious medical office near Parrish Medical Center in Titusville.
Property Size5,352 SF
Lot Size0.52 Acres
Price / SF$140.13
Days on Market244
Property Features for 1855 JESS PARRISH Ct
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Real Living Mutter Real Estate
Listed By:
James Mutter · License #3594768
(321) 269-9855
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 25 at 9:57AM
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 Real Living Mutter Real Estate
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Investment Insights
Based on property information with market context.
This 5352 square foot medical office is located in Titusville, strategically positioned near Parrish Medical Center, major roadways, and local amenities. The facility offers visibility and accessibility on US 1 within the Titusville community. The interior layout is designed to support a high-volume practice, featuring 9 exam rooms, a dedicated x-ray room, and 3 private physician offices. It also includes a waiting room, reception area, and separate offices for management, billing, and scheduling. The private parking lot has 22 parking spots. The property includes two air conditioner units that are 7 years old. The roof and water heater have recently been replaced. The vacant lot south of the building is for sale separately and has 1.44 acres, offering room to grow. This move-in-ready space is suitable for a large practice, specialty group, or multi-provider clinic.
Key Highlights
- Move‑in ready, fully built‑out 5352sf medical office space.
- Prime location near Parrish Medical Center and major roadways on US 1.
- Ideal for a large practice, specialty group, or multi‑provider clinic.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,358
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,347,160
$1.3M
Cap Rate 7%
$962,257
$962.3K
Cap Rate 9%
$748,422
$748.4K
Market Conditions
NOI Build-Up for 5,352 SF
Gross rent
$122.0K $22.80/SF
− Vacancy
−$9.8K −$1.82/SF
EGI
$112.3K $20.98/SF
− OpEx
−$44.9K −$8.39/SF
NOI
$67.4K $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%
$1,347,160
Cap Rate 7%
$962,257
Cap Rate 9%
$748,422
Alternative Uses
Best Use
Office B
$1.04M
$910.4K – $1.21M
NOI $72,830 @ 7.0% cap · market cap 9.71%
Second Best
Healthcare Medical
$962.3K
$842.0K – $1.12M
NOI $67,358 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,841 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 32796, FL
20,818
Population
9,670
Households
2.2
Avg Household Size
50
Median Age
28%
College-Educated
90%
High-School Grad
14.4 sq mi
ZIP Area
1,446
Density / Sq Mi
$67,399
Median Household Income
$40,368
Median Earnings
$1,305
Median Rent
$243,700
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Brevard County, FL
Properties on Market for Medical Office Space in Brevard County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Garden Street Animal Hospital — 2220 Garden St, Titusville, FL 32796
Frequently Asked Questions
What type of property is this?
Medical Office Space - Spacious medical office near Parrish Medical Center in Titusville.
Where is this medical office space located?
The property is located at 1855 JESS PARRISH Ct Titusville, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Move‑in ready, fully built‑out 5352sf medical office space.; Prime location near Parrish Medical Center and major roadways on US 1.; Ideal for a large practice, specialty group, or multi‑provider clinic.
