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    105-107 Longwood Ave Rockledge, FL 32955

    Sponsored
    For Sale
    $650,000

    Prime Medical Office, High Occupancy

    Property size:
    5,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,650 square foot medical office building, situated on a 0.36-acre lot in Rockledge, Florida, presents a compelling investment opportunity. Currently operating at 100% occupancy as a Cancer Care Center, this Class C property boasts a desirable location directly across from Wuesthoff Hospital, within Rockledge's thriving medical community. The building, constructed and renovated in 1999, features a two-story design with ample parking (23 spaces). The ground floor encompasses 3,875 square feet and includes a waiting area, two physician's offices, nine exam rooms, nurses' station, infusion area, file room, lab, and x-ray facilities. The second floor provides administrative/billing offices, a restroom, and storage. The property benefits from 130 feet of frontage on Longwood Avenue and a depth of 120 feet, along with landscaping, curbing, and a sprinkler system. A natural gas-powered generator ensures reliable operation. Zoned P-1, this versatile property is ideally suited for a variety of medical or office uses, offering significant potential for future growth. The asking price is $650,000, representing a 6.50% cap rate. The property's strategic location, coupled with its functional layout and existing infrastructure, makes it an attractive investment prospect. Easy access is provided by a traffic signal at the nearby Longwood/US One intersection.

    Property Features for 105-107 Longwood Ave

    General Information

    Property type
    Medical offices
    Square Feet
    5,650 SF
    Class
    C
    Lot Size
    15,682 SF

    Building Details

    Year Built/Renovated
    1999/1999
    Buildings
    1
    Stories
    2

    HighLights

    • 5,650 SF medical office building on a 0.36‑acre lot in Rockledge, FL.
    • 100% occupied Cancer Care Center, directly across from Wuesthoff Hospital.
    • Class C building, constructed/renovated in 1999, with 23 parking spaces.
    • Ground floor: 3,875 SF with exam rooms, physician offices, and support spaces. Second floor: administrative offices and storage.
    • $650,000 asking price, 6.50% cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Rockledge
    County
    Brevard
    State
    Florida
    Longitude
    -80.7226977
    Latitude
    28.3343027

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, High Occupancy
    Where is this medical office located?
    The property is located at 105-107 Longwood Ave Rockledge, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 5,650 SF medical office building on a 0.36-acre lot in Rockledge, FL.; 100% occupied Cancer Care Center, directly across from Wuesthoff Hospital.; Class C building, constructed/renovated in 1999, with 23 parking spaces.
    Request Owner's contact information
    105-107 Longwood Ave Rockledge, FL 32955
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    Rockledge, FL 32955
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    105-107 Longwood Ave Rockledge, FL 32955
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