Freestanding Medical Office
New
For Sale
$929,900
400 S 4th St, Cocoa Beach, FL 32931
A flexible professional workspace has private offices, reception areas, and five restrooms.
Property Size4,478 SF
Lot Size0.52 Acres
Price / SF$207.66
Days on Market6
Property Features for 400 S 4th St
General Information
Standard status
Active
Size
4,478 SF
Total Parking Spaces
14
Lot size
0.52 Acres
Zoning
CV
Additional Details
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$4,447
Building Details
Year Built
1991
Buildings
1
Listing Agency:
Waterman Real Estate Inc.
(321) 244-7653
Listed By:
Meili Viera Porter · License #3215665
(321) 848-7344
Source:
Exprealty
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 1 at 2:56PM
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 Waterman Real Estate Inc.
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Investment Insights
Based on property information with market context.
This freestanding medical office property contains 4,478 square feet on approximately 0.52 acres. Built in 1991, the building is arranged with multiple private offices, reception areas, flexible work areas, and five restrooms. Fourteen parking spaces serve the property.
The site is at 400 S 4th St in Cocoa Beach and is zoned CV (Civic), which allows professional and medical office uses. Other uses require City approval. A lot split from the adjacent Freedom 7 Elementary School campus is proposed to create an independent commercial parcel; approval remains subject to verification.
The site is at 400 S 4th St in Cocoa Beach and is zoned CV (Civic), which allows professional and medical office uses. Other uses require City approval. A lot split from the adjacent Freedom 7 Elementary School campus is proposed to create an independent commercial parcel; approval remains subject to verification.
Key Highlights
- 4,478‑square‑foot freestanding medical office building
- Approximately 0.52 acres
- Built in 1991
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,937
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,218,740
$1.2M
Cap Rate 7%
$870,529
$870.5K
Cap Rate 9%
$677,078
$677.1K
Market Conditions
NOI Build-Up for 4,478 SF
Gross rent
$96.7K $21.60/SF
− Vacancy
−$15.5K −$3.46/SF
EGI
$81.2K $18.14/SF
− OpEx
−$20.3K −$4.54/SF
NOI
$60.9K $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 Rate 5%
$1,218,740
Cap Rate 7%
$870,529
Cap Rate 9%
$677,078
Alternative Uses
Best Use
Office B
$870.5K
$761.7K – $1.02M
NOI $60,937 @ 7.0% cap · market cap 6.55%
Second Best
Healthcare Medical
$805.1K
$704.5K – $939.3K
NOI $56,358 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,700 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 32931, FL
13,643
Population
10,763
Households
1.3
Avg Household Size
60
Median Age
52%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
2,624
Density / Sq Mi
$84,769
Median Household Income
$51,769
Median Earnings
$1,533
Median Rent
$478,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Island Animal Hospital on Cocoa Beach — 333 Minutemen Causeway, Cocoa Beach, FL 32931
Frequently Asked Questions
What type of property is this?
Medical Office Space - A flexible professional workspace has private offices, reception areas, and five restrooms.
Where is this medical office space located?
The property is located at 400 S 4th St Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $929,900.
What are key features of this property?
This property features: 4,478‑square‑foot freestanding medical office building; Approximately 0.52 acres; Built in 1991
