Medical Office Suite with
For Sale
$795,000
816 Us Highway 1, Sebastian, FL 32958
Office suite includes exam rooms, multiple offices, break room, restrooms, and upstairs storage, plus 14 paved parking spaces.
Property Size1,800 SF
Price / SF$441.67
Days on Market223
Property Features for 816 Us Highway 1
General Information
Standard status
Active
Size
1,800 SF
Taxes and HOA fees
Annual Taxes
$4,025
Listing Agency:
The Ullian Realty Corporation
(321) 729-9900
Listed By:
Zachary Michael Ullian · License #3445627
(321) 750-3439
Source:
Exprealty
Added: Mar 4
Changed: Oct 8
Last Checked: Oct 12 at 8:20PM
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 The Ullian Realty Corporation
Investment Insights
Based on property information with market context.
Medical office suite configured with a reception and waiting room, two plumbed exam rooms, three offices, a break room, and three restrooms (one includes a shower). Interior finishes include drop ceilings and a mix of carpet, tile, and vinyl flooring. Remaining FF&E is included, and the space also offers bonus upstairs storage of approximately 450 SF.
The property is positioned directly on US-1, with an estimated traffic count of 22,000 VPD. Parking is provided with 14 asphalt paved, striped, illuminated spaces. Notable improvements reported include a roof from 2022, HVAC condenser from 2024, exterior paint from 2025, and irrigation from 2025, along with septic that was pumped in 2024. Utilities include water, septic, and FPL electric.
With its established medical-ready layout and on-site parking, the suite is well suited for a user seeking a functional office configuration and ready-to-occupy interior elements.
The property is positioned directly on US-1, with an estimated traffic count of 22,000 VPD. Parking is provided with 14 asphalt paved, striped, illuminated spaces. Notable improvements reported include a roof from 2022, HVAC condenser from 2024, exterior paint from 2025, and irrigation from 2025, along with septic that was pumped in 2024. Utilities include water, septic, and FPL electric.
With its established medical-ready layout and on-site parking, the suite is well suited for a user seeking a functional office configuration and ready-to-occupy interior elements.
Key Highlights
- Office/medical suite built in 1982 with reception/waiting room, 2 plumbed exam rooms, 3 offices, and a break room
- Includes 3 restrooms, including 1 with a shower, plus bonus upstairs storage of approx. 450 SF
- Remaining FF&E included; drop ceiling throughout with a mix of carpet, tile, and vinyl flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,358
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,160
$487.2K
Cap Rate 7%
$347,971
$348.0K
Cap Rate 9%
$270,644
$270.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$45.4K $25.20/SF
− Vacancy
−$4.8K −$2.65/SF
EGI
$40.6K $22.55/SF
− OpEx
−$16.2K −$9.02/SF
NOI
$24.4K $13.53/SF
Area
Indian River County, FL
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,160
Cap Rate 7%
$347,971
Cap Rate 9%
$270,644
Alternative Uses
Best Use
Healthcare Medical
$348.0K
$304.5K – $406.0K
NOI $24,358 @ 7.0% cap · market cap 3.06%
Second Best
Office B
$275.2K
$240.8K – $321.0K
NOI $19,262 @ 7.0% cap · market cap 2.42%
Theoretical Best
Specialty Retail
$394.7K
$345.4K – $460.5K
NOI $27,632 @ 7.0% cap · market cap 3.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32958, FL
28,619
Population
15,512
Households
1.8
Avg Household Size
58
Median Age
29%
College-Educated
92%
High-School Grad
27.9 sq mi
ZIP Area
1,026
Density / Sq Mi
$68,276
Median Household Income
$37,412
Median Earnings
$1,388
Median Rent
$279,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Office suite includes exam rooms, multiple offices, break room, restrooms, and upstairs storage, plus 14 paved parking spaces.
Where is this medical office space located?
The property is located at 816 Us Highway 1 Sebastian, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Office/medical suite built in 1982 with reception/waiting room, 2 plumbed exam rooms, 3 offices, and a break room; Includes 3 restrooms, including 1 with a shower, plus bonus upstairs storage of approx. 450 SF; Remaining FF&E included; drop ceiling throughout with a mix of carpet, tile, and vinyl flooring
