Updated Standalone Medical
For Sale
$499,900
315 E Strawbridge Avenue, Melbourne, FL 32901
Standalone practice facility with private offices, remodeled restrooms, dedicated parking, and C-1 zoning near downtown Melbourne.
Property Size1,496 SF
Price / SF$334.16
Days on Market41
Property Features for 315 E Strawbridge Avenue
General Information
Standard status
Active
Size
1,496 SF
Listing Agency:
LIV Signature Real Estate, LLC
(321) 917-7450
Listed By:
Anthony M Romero · License #BK695178
(321) 917-7450
Source:
Startbrevardsearch
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 25 at 9:57AM
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 LIV Signature Real Estate, LLC
Investment Insights
Based on property information with market context.
This standalone medical office building has been updated with tile flooring, recessed lighting, and granite and marble finishes. The interior includes a lobby, large reception area, three private offices, remodeled restrooms, and central A/C. A fenced patio with paver-stone surfacing provides additional outdoor space.
The property is located at 315 E Strawbridge Avenue in Melbourne, near downtown and along US-192. Approximately 200 feet of highway frontage supports a prominent street presence. Six dedicated parking spaces are provided, including one ADA space. C-1 zoning supports commercial use for a medical practice or other qualifying business.
The property is located at 315 E Strawbridge Avenue in Melbourne, near downtown and along US-192. Approximately 200 feet of highway frontage supports a prominent street presence. Six dedicated parking spaces are provided, including one ADA space. C-1 zoning supports commercial use for a medical practice or other qualifying business.
Key Highlights
- 1,492 SF standalone medical office building
- Three private offices with lobby and expansive reception area
- Updated tile flooring, recessed lighting, granite and marble surfaces
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
$20,358
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
4.07%
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%
$407,160
$407.2K
Cap Rate 7%
$290,829
$290.8K
Cap Rate 9%
$226,200
$226.2K
Market Conditions
NOI Build-Up for 1,496 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
$32.3K $21.60/SF
− Vacancy
−$5.2K −$3.46/SF
EGI
$27.1K $18.14/SF
− OpEx
−$6.8K −$4.54/SF
NOI
$20.4K $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%
$407,160
Cap Rate 7%
$290,829
Cap Rate 9%
$226,200
Alternative Uses
Best Use
Office B
$290.8K
$254.5K – $339.3K
NOI $20,358 @ 7.0% cap · market cap 4.07%
Second Best
Healthcare Medical
$269.0K
$235.4K – $313.8K
NOI $18,828 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$394.7K
$345.4K – $460.5K
NOI $27,628 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,934
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32901, FL
26,286
Population
13,241
Households
2
Avg Household Size
46
Median Age
31%
College-Educated
90%
High-School Grad
12.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$50,646
Median Household Income
$31,929
Median Earnings
$1,349
Median Rent
$244,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Strubbe Todd DVM — Melbourne, FL 32904
Frequently Asked Questions
What type of property is this?
Medical Office Space - Standalone practice facility with private offices, remodeled restrooms, dedicated parking, and C-1 zoning near downtown Melbourne.
Where is this medical office space located?
The property is located at 315 E Strawbridge Avenue Melbourne, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,492 SF standalone medical office building; Three private offices with lobby and expansive reception area; Updated tile flooring, recessed lighting, granite and marble surfaces
