Medical Office Suite with
260 N Tropical Trail #204, Merritt Island, FL 32953
For Sale
Contact for pricing
The 2010 complex includes elevator service, accessible entry, and hurricane-rated windows and doors.
Property Size1,000 SF
Price / SF$2.29
Days on Market29
Property Features for 260 N Tropical Trail #204
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Property Use
Amenities
fountain
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: Oct 12
Changed: Nov 8
Last Checked: Nov 8 at 9:29AM
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.
Medical office space is available in a two-story complex built in 2010. The building has an elevator, accessible features, and windows and doors rated for hurricane conditions. The unit measures 1,000 square feet, and the property offers parking and a fountain.
Located on N Tropical Trail in Merritt Island, the complex is just north of 520. The lease is structured as gross, with no taxes, insurance, or CAM charged to the tenant.
Located on N Tropical Trail in Merritt Island, the complex is just north of 520. The lease is structured as gross, with no taxes, insurance, or CAM charged to the tenant.
Key Highlights
- 1,000 square feet of medical office space
- Two‑story complex built in 2010, with elevator service
- Windows and doors are hurricane‑rated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,662
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,240
$273.2K
Cap Rate 7%
$195,171
$195.2K
Cap Rate 9%
$151,800
$151.8K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$19.8K $19.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$18.2K $18.22/SF
− OpEx
−$4.6K −$4.55/SF
NOI
$13.7K $13.66/SF
Area
Brevard County, FL
Vacancy
8.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,240
Cap Rate 7%
$195,171
Cap Rate 9%
$151,800
Alternative Uses
Best Use
Healthcare Medical
$203.0K
$177.7K – $236.9K
NOI $14,213 @ 7.0% cap · market cap 620.38%
Second Best
Office B
$195.2K
$170.8K – $227.7K
NOI $13,662 @ 7.0% cap · market cap 596.33%
Theoretical Best
Office A
$291.6K
$255.2K – $340.2K
NOI $20,412 @ 7.0% cap · market cap 890.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
$394,300
Median Home Value
Market
Average Price Trend$/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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The 2010 complex includes elevator service, accessible entry, and hurricane-rated windows and doors.
Where is this medical office space located?
The property is located at 260 N Tropical Trail #204 Merritt Island, FL.
What are key features of this property?
This property features: 1,000 square feet of medical office space; Two‑story complex built in 2010, with elevator service; Windows and doors are hurricane‑rated
