Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16 Main St Titusville, FL 32796

    View on Map
    Sponsored
    For Sale
    $9,750,000

    COMMERCIAL - Titusville, FL

    Property size:
    26,495 SF
    Lot size:
    3.10 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 10 at 5:06 pm

    Property Features for 16 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 4, Bathroom 11, Bathroom 8, Bathroom 7, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 5, Bathroom 10, Bathroom 9, Bathroom 6
    Bathrooms
    11
    APN
    22-35-03-03-0000f.0-0001.00
    Parking features
    On Street, Guest
    Size
    26,495 SF
    Lot size
    3.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public
    Water front features
    River Front
    Water front
    1

    Building Details

    Year built
    1955
    Number of units
    43
    Building materials
    Block

    We can help!

    Listing Contact
    Ralph S Perrone
    Ralph S Perrone

    Perrone Realty (407) 733-0725

    Listing agent Ralph S Perrone (321) 452-9838

    Listing date Mar 10, 2026

    MLS# 1055772

    Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Titusville Mixed-Use Redevelopment Opportunity

    This 3.1-acre mixed-use property in Titusville, Florida, presents a redevelopment opportunity. The site is currently income-producing, generating approximately $75,000 per month net operating income. Seller financing or a joint venture is available. The property's configuration allows for cash flow and potential for vertical redevelopment. Flexible zoning, eligibility for CRA grants, and frontage along a main corridor offer immediate and long-term upside. The location provides access to NASA, Kennedy Space Center, and I-95. The property is positioned for growth along Florida's Space Coast. The property size is 26,495 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AH-HA A HOLISTIC HEALING ... Metaphysical Supply Store photoARTworks Photography Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.806322
    Latitude
    28.613048

    Nearby Similar for Sale

    • New
      $775,000
      5,352 SF

      Titusville Medical Office For Sale

      Spacious medical office near Parrish Medical Center in Titusville.
      1855 Jess Parrish Ct, Titusville, FL 32796
      View Details
    • $310,000
      3,091 SF

      Prime Retail Opportunity in TITUSVILLE

      Spacious shopping center unit with high visibility and endless potential.
      1909 Knox Mcrae Dr, Titusville, FL 32780
      View Details
    • $550,000
      5,486 SF

      Spacious Retail Opportunity in Titusville

      Expansive shopping center unit with high visibility and ample parking.
      1889 Knox Mcrae Dr, Titusville, FL 32780
      View Details
    • $175,000
      1,728 SF

      Spacious Retail Opportunity in Titusville

      Expansive shopping center unit with high visibility and access.
      1881 Knox Mcrae Dr, Titusville, FL 32780
      View Details
    • New
      $6,500,000
      79,567 SF

      Spacious Titusville Shopping Center

      Expansive shopping center with high visibility and ample parking.
      1881-1931 Knox Mcrae Dr, Titusville, FL 32780
      View Details
    • $107,000
      570 SF

      Professional Office Space in Titusville

      Professional office condo in central Titusville with high visibility.
      1067 Cheney Hwy, Titusville, FL 32780
      View Details
    • $845,000
      3,871 SF

      Titusville Mid-Century Modern Motor Inn

      Roadside motor inn with 11 rooms and manager's apartment.
      1540 S Washington Ave, Titusville, FL 32780
      View Details
    • $325,000
      1,203 SF

      Titusville Commercial Space For Sale

      Historic downtown Titusville commercial space suitable for office or retail.
      1007 S Washington Ave, Titusville, FL 32780
      View Details
    • $325,000
      1,203 SF

      Titusville Mixed-Use Investment Opportunity

      Live/work space in historic downtown Titusville with flexible zoning.
      1007 S Washington Ave, Titusville, FL 32780
      View Details
    • $4,900,000
      47,179 SF

      Versatile Titusville Commercial Space

      47,000+ sq ft mixed-use space for sale in Titusville.
      1923 Knox Mcrae Dr, Titusville, FL 32780
      View Details
    • $770,000
      7,683 SF

      Spacious Titusville Retail Opportunity

      Expansive shopping center unit with high visibility and endless potential.
      1931 Knox Mcrae Dr, Titusville, FL 32780
      View Details
    • $279,900
      1,444 SF

      Versatile Commercial Building on Corner Lot

      1,444 sq ft commercial building on 0.41-acre corner lot.
      2701 Garden St, Titusville, FL 32796
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 3.1 acre mixed-use site with redevelopment potential near Space Coast.
    Where is this mixed-use property located?
    The property is located at 16 Main St Titusville, FL.
    What is the asking price?
    The asking price for this property is $9,750,000.
    What are key features of this property?
    This property features: - Significant Income Potential: Generates $75,000+/month NOI.; - Redevelopment Opportunity: Clear path to vertical redevelopment with flexible zoning.; - Prime Location: Excellent frontage on a main corridor with quick access to NASA, KSC, and I-95.
    (407) 733-0725
    Request Owner's contact information
    16 Main St Titusville, FL 32796
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16 Main St
    Titusville, FL 32796
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    16 Main St Titusville, FL 32796
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ralph S Perrone
    Ralph S Perrone
    Real Estate License ID: 3045618
    (407) 733-0725 (321) 452-9838
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!