Elevator-Served Medical Office
260 N Tropical Trail #101, Merritt Island, FL 32953
For Sale
Contact for pricing
An accessible, gross-lease office suite in a complex with hurricane-rated windows and doors.
Property Size1,460 SF
Price / SF$2.04
Days on Market232
Property Features for 260 N Tropical Trail #101
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Property Use
Amenities
beautiful barrel tile roof
designer colors
gorgeous fountain
Handicap Accessible
hurricane rated windows and doors
Building Details
Year Built
Stories
Listing Agency:
Perrone Realty, LLC
(321) 452-9838
Listed By:
Ralph S Perrone · License #3045618
(407) 733-0725
Source:
Mccoyfreeman
Added: Mar 23
Changed: Nov 8
Last Checked: Nov 8 at 9:30AM
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 Perrone Realty, LLC
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Investment Insights
Based on property information with market context.
This medical office suite is part of a two-story complex built in 2010. The building has an elevator, accessible features, hurricane-rated windows and doors, and on-site parking. A fountain is also part of the property. The available space is identified as unit 101 at 260 N Tropical Trail.
The complex is on Merritt Island, just north of 520. The lease is structured as gross, with taxes, insurance, and CAM excluded from tenant charges.
The complex is on Merritt Island, just north of 520. The lease is structured as gross, with taxes, insurance, and CAM excluded from tenant charges.
Key Highlights
- Medical office space in a two‑story complex built in 2010
- Elevator access and accessible features
- Hurricane‑rated windows and doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,375
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,500
$367.5K
Cap Rate 7%
$262,500
$262.5K
Cap Rate 9%
$204,167
$204.2K
Market Conditions
NOI Build-Up for 1,460 SF
Gross rent
$33.3K $22.80/SF
− Vacancy
−$2.7K −$1.82/SF
EGI
$30.6K $20.98/SF
− OpEx
−$12.2K −$8.39/SF
NOI
$18.4K $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%
$367,500
Cap Rate 7%
$262,500
Cap Rate 9%
$204,167
Alternative Uses
Best Use
Office B
$283.8K
$248.4K – $331.1K
NOI $19,868 @ 7.0% cap · market cap 666.71%
Second Best
Healthcare Medical
$262.5K
$229.7K – $306.3K
NOI $18,375 @ 7.0% cap · market cap 616.61%
Theoretical Best
Office A
$385.2K
$337.0K – $449.4K
NOI $26,963 @ 7.0% cap · market cap 904.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 32953, FL
24,430
Population
11,566
Households
2.1
Avg Household Size
51
Median Age
35%
College-Educated
95%
High-School Grad
39.8 sq mi
ZIP Area
614
Density / Sq Mi
$84,248
Median Household Income
$41,534
Median Earnings
$1,300
Median Rent
$394,300
Median Home Value
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Market
Average Price Trend$/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
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- Coris M w DVM — 105 McLeod St, Merritt Island, FL 32953
Frequently Asked Questions
What type of property is this?
Medical Office Space - An accessible, gross-lease office suite in a complex with hurricane-rated windows and doors.
Where is this medical office space located?
The property is located at 260 N Tropical Trail #101 Merritt Island, FL.
What are key features of this property?
This property features: Medical office space in a two‑story complex built in 2010; Elevator access and accessible features; Hurricane‑rated windows and doors
