Configured Medical Office
For Sale
Contact for pricing
8043 Spyglass Hill Road 101, Melbourne, FL 32940
Clinical layout includes exam rooms, procedure space, imaging area, physician offices, and administrative support areas.
Property Size3,025 SF
Price / SF$2.67
Days on Market90
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Property Features for 8043 Spyglass Hill Road 101
General Information
Standard status
Active
Size
3,025 SF
Zoning
BU-1
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Building Details
Construction
Mediterranean-style CBS
Listing Agency:
Newton Real Estate Group
(321) 751-6850
Listed By:
Brenda Boren Corliss · License #3116499
(321) 501-0217
Source:
Startbrevardsearch
Added: Jul 18
Changed: Oct 1
Last Checked: Oct 14 at 10:56PM
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 Newton Real Estate Group
Investment Insights
Based on property information with market context.
This 3,025-square-foot medical office suite at 8043 Spyglass Hill Road, Suite 101, is configured for clinical use and ready to occupy. The layout includes five exam rooms, a large procedure room, dedicated X-ray space, nurses’ station, reception, and a shared waiting room. Two private physicians’ offices, an office manager’s suite, and a staff break room with a separate exterior entrance complete the interior arrangement.
The suite is located within Spyglass Plaza in Viera’s Spyglass Medical District. The property features Mediterranean-style CBS construction, impact windows, barrel tile roofs, and parking designed for medical users at 5+ spaces per 1,000 SF. Two access drives serve the plaza, and monument signage on the west sign is available for the unit. Viera Hospital is less than two miles away, with access to I-95 available at Wickham Road. The space is zoned BU-1 by Brevard County.
The suite is located within Spyglass Plaza in Viera’s Spyglass Medical District. The property features Mediterranean-style CBS construction, impact windows, barrel tile roofs, and parking designed for medical users at 5+ spaces per 1,000 SF. Two access drives serve the plaza, and monument signage on the west sign is available for the unit. Viera Hospital is less than two miles away, with access to I-95 available at Wickham Road. The space is zoned BU-1 by Brevard County.
Key Highlights
- 3,025‑square‑foot medical office suite ready to occupy
- Five exam rooms and a large procedure room
- Dedicated X‑ray space, nurses’ station, reception, and shared waiting room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,071
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,420
$761.4K
Cap Rate 7%
$543,871
$543.9K
Cap Rate 9%
$423,011
$423.0K
Market Conditions
NOI Build-Up for 3,025 SF
Gross rent
$69.0K $22.80/SF
− Vacancy
−$5.5K −$1.82/SF
EGI
$63.5K $20.98/SF
− OpEx
−$25.4K −$8.39/SF
NOI
$38.1K $12.59/SF
Area
Brevard County, FL
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,420
Cap Rate 7%
$543,871
Cap Rate 9%
$423,011
Alternative Uses
Best Use
Office B
$588.1K
$514.6K – $686.1K
NOI $41,164 @ 7.0% cap · market cap 510.34%
Second Best
Healthcare Medical
$543.9K
$475.9K – $634.5K
NOI $38,071 @ 7.0% cap · market cap 471.99%
Theoretical Best
Office A
$798.1K
$698.3K – $931.1K
NOI $55,866 @ 7.0% cap · market cap 692.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32940, FL
44,869
Population
21,433
Households
2.1
Avg Household Size
51
Median Age
52%
College-Educated
97%
High-School Grad
57.3 sq mi
ZIP Area
783
Density / Sq Mi
$106,511
Median Household Income
$56,072
Median Earnings
$1,904
Median Rent
$444,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Connell Grigsb Christine DVM — 7670 N Wickham Rd STE B, Melbourne, FL 32940
- Harbor City Animal Hospital — 7670 N Wickham Rd, Melbourne, FL 32940
- Lane Elizabeth M DVM — 7670 N Wickham Rd STE B, Melbourne, FL 32940
Frequently Asked Questions
What type of property is this?
Medical Office Space - Clinical layout includes exam rooms, procedure space, imaging area, physician offices, and administrative support areas.
Where is this medical office space located?
The property is located at 8043 Spyglass Hill Road 101 Melbourne, FL.
What are key features of this property?
This property features: 3,025‑square‑foot medical office suite ready to occupy; Five exam rooms and a large procedure room; Dedicated X‑ray space, nurses’ station, reception, and shared waiting room
