Medical Office Suite with
For Sale
Contact for pricing
260 N Tropical Trail #202+203, Merritt Island, FL 32953
A gross lease structure excludes property taxes, insurance and CAM from the lease.
Property Size670 SF
Price / SF$2.53
Days on Market226
Property Features for 260 N Tropical Trail #202+203
General Information
Standard status
Active
Size
670 SF
Elevators
Yes
Property subtype
Business
Additional Details
Tenant in Place
Yes
Property Use
Office / Medical
Amenities
barrel tile roof
designer colors
gorgeous fountain
handicap accessible
hurricane rated windows and doors
Building Details
Year Built
2010
Stories
2
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Mar 23
Changed: Oct 29
Last Checked: Nov 3 at 8:21AM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This 670-square-foot medical office suite is part of a two-story complex built in 2010. The building has an elevator, is handicap accessible, and features hurricane-rated windows and doors. The lease is structured as gross, with taxes, insurance and CAM excluded from the tenant’s lease costs.
Located on N Tropical Trail in Merritt Island, the property is just north of 520. On-site parking is available.
Located on N Tropical Trail in Merritt Island, the property is just north of 520. On-site parking is available.
Key Highlights
- 670‑square‑foot medical office suite
- Gross lease excludes taxes, insurance and CAM
- Elevator access and handicap accessibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,432
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,640
$168.6K
Cap Rate 7%
$120,457
$120.5K
Cap Rate 9%
$93,689
$93.7K
Market Conditions
NOI Build-Up for 670 SF
Gross rent
$15.3K $22.80/SF
− Vacancy
−$1.2K −$1.82/SF
EGI
$14.1K $20.98/SF
− OpEx
−$5.6K −$8.39/SF
NOI
$8.4K $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%
$168,640
Cap Rate 7%
$120,457
Cap Rate 9%
$93,689
Alternative Uses
Best Use
Office B
$130.2K
$114.0K – $152.0K
NOI $9,117 @ 7.0% cap · market cap 537.88%
Second Best
Healthcare Medical
$120.5K
$105.4K – $140.5K
NOI $8,432 @ 7.0% cap · market cap 497.46%
Theoretical Best
Office A
$176.8K
$154.7K – $206.2K
NOI $12,374 @ 7.0% cap · market cap 730.03%
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
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Vet Wellcare Vaccinations Clinic at Pet Supermarket — 125 E Merritt Island Cswy, Merritt Island, FL 32953
- Island Animal Hospital in Merritt Island — 105 McLeod St, Merritt Island, FL 32953
- Coris M w DVM — 105 McLeod St, Merritt Island, FL 32953
Frequently Asked Questions
What type of property is this?
Medical Office Space - A gross lease structure excludes property taxes, insurance and CAM from the lease.
Where is this medical office space located?
The property is located at 260 N Tropical Trail #202+203 Merritt Island, FL.
What are key features of this property?
This property features: 670‑square‑foot medical office suite; Gross lease excludes taxes, insurance and CAM; Elevator access and handicap accessibility
