Medical Imaging
For Sale
$499,000
2301 STATE ROAD 524 #A135, Cocoa, FL 32926
Built-in open MRI suite with reception, patient areas, consultation space, storage, and staff support facilities.
Property Size96,878 SF
Price / SF$415.83
Days on Market21
Property Features for 2301 STATE ROAD 524 #A135
General Information
Standard status
Active
Size
96,878 SF
Property subtype
Business Opportunity
Zoning
CN
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$192,642
Building Details
Building Size
96,878 SF
Year Built
2001
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
GARCIA REAL ESTATE & MGMT SVC.
(321) 480-4002
Listed By:
Ruben Garcia · License #3086105
(321) 480-4002
Source:
Mbifloridarealty
Added: Jul 21
Changed: Aug 10
Last Checked: Aug 10 at 10:50AM
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 GARCIA REAL ESTATE & MGMT SVC.
Investment Insights
Based on property information with market context.
Medical imaging center featuring an Esaote G-scan Brio MRI system and a purpose-built, RF-shielded MRI room. The approximately 1,200 SF office facility includes reception, patient waiting and changing areas, consultation space, storage, and staff support areas. The MRI equipment and imaging suite are included in the sale, along with the existing business and lease.
The property operates from Suite A135 at Cocoa Commons Shopping Center, 2301 State Road 524, Cocoa, Florida. The current lease runs through February 2029. The facility was built in 2001 and carries CN zoning. Seller support is available for 3 to 4 weeks to assist with transition.
The property operates from Suite A135 at Cocoa Commons Shopping Center, 2301 State Road 524, Cocoa, Florida. The current lease runs through February 2029. The facility was built in 2001 and carries CN zoning. Seller support is available for 3 to 4 weeks to assist with transition.
Key Highlights
- Esaote G‑scan Brio MRI system included
- RF‑shielded MRI room within a built‑in imaging suite
- Approximately 1,200 SF office facility
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
$16,330
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
3.27%
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%
$326,600
$326.6K
Cap Rate 7%
$233,286
$233.3K
Cap Rate 9%
$181,444
$181.4K
Market Conditions
NOI Build-Up for 1,200 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
$25.9K $21.60/SF
− Vacancy
−$4.1K −$3.46/SF
EGI
$21.8K $18.14/SF
− OpEx
−$5.4K −$4.54/SF
NOI
$16.3K $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%
$326,600
Cap Rate 7%
$233,286
Cap Rate 9%
$181,444
Alternative Uses
Best Use
Office B
$233.3K
$204.1K – $272.2K
NOI $16,330 @ 7.0% cap · market cap 3.27%
Second Best
Healthcare Medical
$215.8K
$188.8K – $251.7K
NOI $15,103 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 32926, FL
22,693
Population
10,796
Households
2.1
Avg Household Size
49
Median Age
22%
College-Educated
88%
High-School Grad
49.3 sq mi
ZIP Area
460
Density / Sq Mi
$65,092
Median Household Income
$36,795
Median Earnings
$1,297
Median Rent
$251,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - Built-in open MRI suite with reception, patient areas, consultation space, storage, and staff support facilities.
Where is this medical center located?
The property is located at 2301 STATE ROAD 524 #A135 Cocoa, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Esaote G‑scan Brio MRI system included; RF‑shielded MRI room within a built‑in imaging suite; Approximately 1,200 SF office facility
