Office Building with Flexible
5660 Micco Road, Sebastian, FL 32976
For Sale
$349,900
Reception, conference, and break areas complement a mix of private offices and open workspace.
Property Size1,568 SF
Lot Size0.61 Acres
Price / SF$223.15
Days on Market70
Property Features for 5660 Micco Road
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Condition
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Real Broker, LLC
Listed By:
Justin Tyler Kessler
(855) 450-0442
Source:
Mvpsalesgroup
Added: Sep 1
Changed: Nov 8
Last Checked: Nov 8 at 3:50PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 1,568-square-foot office property, built in 2002, has a reception and waiting area, 4–5 private offices, a conference room, a kitchen and break area, and open workspace. A 2025 metal roof and seven surface parking spaces are among its features. The 0.61-acre site also includes additional land for expansion or outdoor use.
The property is on Micco Road near US-1 in Sebastian, Florida. It has convenient access and frontage. Flexible zoning supports retail, office, and service uses.
The property is on Micco Road near US-1 in Sebastian, Florida. It has convenient access and frontage. Flexible zoning supports retail, office, and service uses.
Key Highlights
- Office layout includes reception, waiting area, 4‑5 private offices, conference room, kitchen/break area, and open workspace
- 1,568‑square‑foot building on a 0.61‑acre site
- Seven surface parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,337
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,740
$426.7K
Cap Rate 7%
$304,814
$304.8K
Cap Rate 9%
$237,078
$237.1K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$33.9K $21.60/SF
− Vacancy
−$5.4K −$3.46/SF
EGI
$28.4K $18.14/SF
− OpEx
−$7.1K −$4.54/SF
NOI
$21.3K $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%
$426,740
Cap Rate 7%
$304,814
Cap Rate 9%
$237,078
Alternative Uses
Best Use
Office B
$304.8K
$266.7K – $355.6K
NOI $21,337 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$413.7K
$362.0K – $482.6K
NOI $28,958 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
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Business Placement
Demographics for 32976, FL
9,618
Population
6,950
Households
1.4
Avg Household Size
68
Median Age
18%
College-Educated
93%
High-School Grad
24.3 sq mi
ZIP Area
396
Density / Sq Mi
$47,552
Median Household Income
$33,614
Median Earnings
$1,340
Median Rent
$158,800
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Brevard County, FL
Properties on Market for Office buildings in Brevard County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Reception, conference, and break areas complement a mix of private offices and open workspace.
Where is this office building located?
The property is located at 5660 Micco Road Sebastian, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Office layout includes reception, waiting area, 4‑5 private offices, conference room, kitchen/break area, and open workspace; 1,568‑square‑foot building on a 0.61‑acre site; Seven surface parking spaces
