Remodeled Medical Office
For Sale
$2,000,000
4300 Garden Street, Titusville, FL 32796
Single-story clinical facility with flexible treatment areas, dental rooms, diagnostic spaces, administrative offices, and controlled reception access.
Property Size4,804 SF
Lot Size1.18 Acres
Price / SF$416.32
Days on Market243
Property Features for 4300 Garden Street
General Information
Standard status
Active
Size
4,804 SF
Total Parking Spaces
28
Lot size
1.18 Acres
Property subtype
Office
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,579
Amenities
controlled access
lab
bio-hazard room
staff breakroom
zoned HVAC
fire alarm system
security alarm system
wood-plank tile flooring
mezzanine storage
Central Air, Electric, Heat Pump, A/C - Zone
3
Tile
Parking. Attached Parking.
Attached Carport, Shared Driveway, Covered, Lot.
Clear lot.
Building Details
Year Built
1992
Buildings
1
Stories
1
Building Size
4,804 SF
Listing Agency:
Landshark Realty
(321) 501-6951
Listed By:
Cody Spaur · License #3332958
(321) 501-6951
Source:
Xome
Added: Dec 30, 2025
Changed: Aug 29
Last Checked: Aug 29 at 2:41PM
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 Landshark Realty
Investment Insights
Based on property information with market context.
This single-story medical office facility contains 4,804 SF on 1.18 acres and was completely gutted and remodeled. The clinical plan includes 12 rooms, with six physical exam rooms equipped with sinks, cabinetry, and computer mounts, along with specialty and procedure rooms, a treatment and observation room, and a group consultation and education room. Diagnostic improvements include a lead-lined X-ray room, dental X-ray closet, and two dental rooms with plumbing. The building also includes reception and lobby areas with controlled access, a lab, bio-hazard room, administrative offices, breakroom, storage, four restrooms, zoned HVAC, and fire and security alarm systems.
The property provides 28 parking spaces, including covered rear parking and multiple ADA spaces. An upper mezzanine area adds full-height storage and building-support space, with a dedicated IT room and access to air-conditioning handlers and mechanical infrastructure. Medical/Office Zoning is in place. Regional access is available from I-95 via Garden Street (SR-406), with the property adjacent to a dentistry office.
The property provides 28 parking spaces, including covered rear parking and multiple ADA spaces. An upper mezzanine area adds full-height storage and building-support space, with a dedicated IT room and access to air-conditioning handlers and mechanical infrastructure. Medical/Office Zoning is in place. Regional access is available from I-95 via Garden Street (SR-406), with the property adjacent to a dentistry office.
Key Highlights
- 4,804 SF medical office facility on 1.18 acres
- 12 clinical rooms, including 6 physical exam rooms
- Two dental rooms with plumbing and a dedicated dental X‑ray closet
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
$65,373
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
3.27%
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%
$1,307,460
$1.3M
Cap Rate 7%
$933,900
$933.9K
Cap Rate 9%
$726,367
$726.4K
Market Conditions
NOI Build-Up for 4,804 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
$103.8K $21.60/SF
− Vacancy
−$16.6K −$3.46/SF
EGI
$87.2K $18.14/SF
− OpEx
−$21.8K −$4.54/SF
NOI
$65.4K $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%
$1,307,460
Cap Rate 7%
$933,900
Cap Rate 9%
$726,367
Alternative Uses
Best Use
Office B
$933.9K
$817.2K – $1.09M
NOI $65,373 @ 7.0% cap · market cap 3.27%
Second Best
Healthcare Medical
$863.7K
$755.8K – $1.01M
NOI $60,461 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,720 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32796, FL
20,818
Population
9,670
Households
2.2
Avg Household Size
50
Median Age
28%
College-Educated
90%
High-School Grad
14.4 sq mi
ZIP Area
1,446
Density / Sq Mi
$67,399
Median Household Income
$40,368
Median Earnings
$1,305
Median Rent
$243,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story clinical facility with flexible treatment areas, dental rooms, diagnostic spaces, administrative offices, and controlled reception access.
Where is this medical office space located?
The property is located at 4300 Garden Street Titusville, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 4,804 SF medical office facility on 1.18 acres; 12 clinical rooms, including 6 physical exam rooms; Two dental rooms with plumbing and a dedicated dental X‑ray closet
