Medical Office
New
For Sale
$929,900
400 S 4th Street, Cocoa Beach, FL 32931
Commercial Sale, Cocoa Beach, FL
Property Size4,478 SF
Lot Size0.25 Acres
Price / SF$207.66
Days on Market1
Property Features for 400 S 4th Street
General Information
Property type
Residential
Property subtype
Office
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 5
Parking features
Parking Lot
Directions
From 520 head south on A1A after split in road take left at the first light (4th st).
Subdivision
272 - Cocoa Beach
Standard status
Active
APN
25-37-10-75-00000.0-0002.00
Size
4,478 SF
Lot size
0.25 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4447
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1991
Number of units
1
Flooring type
Carpet, Vinyl, Tile
Building materials
Block, Concrete
Roof type
Metal
Buildings
1
Listing Agency:
Waterman Real Estate Inc.
(321) 244-7653
Listed By:
Meili Viera Porter · License #3215665
(321) 848-7344
Added: Oct 29
Last Checked: Oct 29 at 6:06PM
MLS# 1091164
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1991, this 4,478-square-foot medical office property has multiple private offices, reception areas, flexible workspaces, and five restrooms. The building is served by central air conditioning and has a parking lot with 14 spaces.
At 400 S 4th Street in Cocoa Beach, the property is zoned CV (Civic). Professional and medical office uses are identified, while 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 confirmation.
At 400 S 4th Street in Cocoa Beach, the property is zoned CV (Civic). Professional and medical office uses are identified, while 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 confirmation.
Key Highlights
- 4,478 square feet of medical office space
- 14 parking spaces
- Five restrooms, with private offices and reception areas
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 - Private offices, reception areas, and flexible workspaces support a range of professional office functions.
Where is this medical office space located?
The property is located at 400 S 4th Street 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 feet of medical office space; 14 parking spaces; Five restrooms, with private offices and reception areas
