Corner Medical Office
For Sale
Contact for pricing
2290 W Eau Gallie Boulevard 205, Melbourne, FL 32935
Configured for patient care with exam rooms, offices, support areas, and three restrooms.
Property Size77,145 SF
Price / SF$0.10
Days on Market93
Property Features for 2290 W Eau Gallie Boulevard 205
General Information
Standard status
Active
Size
77,145 SF
Listing Agency:
The Ullian Realty Corporation
(321) 729-9900
Listed By:
Zachary Michael Ullian · License #3445627
(321) 750-3439
Source:
Startbrevardsearch
Added: Jul 17
Changed: Oct 16
Last Checked: Oct 16 at 8:30AM
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 The Ullian Realty Corporation
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Investment Insights
Based on property information with market context.
This 4,991 RSF medical office suite is arranged for clinical operations, with a patient waiting area, reception and checkout zone, 10 exam rooms, 4 private offices, a break room, and 3 restrooms. One exam room includes plumbing. The corner layout provides extensive window exposure and natural light, while carpet and tile flooring, drop ceilings, automatic double entry doors, and complete fire-sprinkler coverage support the existing setup.
A covered portico provides a designated patient drop-off point, and the property offers 313 paved, striped, illuminated common parking spaces. The suite is positioned approximately midway between Interstate 95 and US1, with proximity to Melbourne International Airport, the Downtown Eau Gallie Arts District, Holmes Regional Medical Center, area shopping and dining, high schools, and beaches.
A covered portico provides a designated patient drop-off point, and the property offers 313 paved, striped, illuminated common parking spaces. The suite is positioned approximately midway between Interstate 95 and US1, with proximity to Melbourne International Airport, the Downtown Eau Gallie Arts District, Holmes Regional Medical Center, area shopping and dining, high schools, and beaches.
Key Highlights
- 4,991 RSF medical office suite with 10 exam rooms and 4 offices
- One exam room includes plumbing; suite also has 3 restrooms
- Corner unit with extensive windows and natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$970,916
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,418,320
$19.4M
Cap Rate 7%
$13,870,229
$13.9M
Cap Rate 9%
$10,787,956
$10.8M
Market Conditions
NOI Build-Up for 77,145 SF
Gross rent
$1.76M $22.80/SF
− Vacancy
−$140.7K −$1.82/SF
EGI
$1.62M $20.98/SF
− OpEx
−$647.3K −$8.39/SF
NOI
$970.9K $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%
$19,418,320
Cap Rate 7%
$13,870,229
Cap Rate 9%
$10,787,956
Alternative Uses
Best Use
Office B
$15.00M
$13.12M – $17.50M
NOI $1,049,789 @ 7.0% cap · market cap 13,320.51%
Second Best
Healthcare Medical
$13.87M
$12.14M – $16.18M
NOI $970,916 @ 7.0% cap · market cap 12,319.71%
Theoretical Best
Office A
$20.35M
$17.81M – $23.75M
NOI $1,424,714 @ 7.0% cap · market cap 18,077.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 32935, FL
41,837
Population
20,338
Households
2.1
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
13.1 sq mi
ZIP Area
3,194
Density / Sq Mi
$63,841
Median Household Income
$38,094
Median Earnings
$1,404
Median Rent
$240,500
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for patient care with exam rooms, offices, support areas, and three restrooms.
Where is this medical office space located?
The property is located at 2290 W Eau Gallie Boulevard 205 Melbourne, FL.
What are key features of this property?
This property features: 4,991 RSF medical office suite with 10 exam rooms and 4 offices; One exam room includes plumbing; suite also has 3 restrooms; Corner unit with extensive windows and natural light
