Versatile Titusville Commercial
1923 KNOX MCRAE DRIVE Titusville, FL 32780
1923 KNOX MCRAE DRIVE, Titusville, FL, 32780
$4,900,000
For Sale
$4,900,000
Business - TITUSVILLE, FL
Property Size47,179 SF
Lot Size5.93 Acres
Price / SF$103.86
Days on Market136
Property Features for 1923 KNOX MCRAE DRIVE
General Information
- Property type
- Commercial Sale
- Property subtype
- Business
- Standard status
- Active
- APN
- 22352100258A
- Size
- 47,179 SF
- Lot size
- 5.93 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 27123
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1986
- Building materials
- Block, Concrete, Stucco
- Architectural style
- Other
Listing Agency
MUTTER REALTY
(321) 269-9855
346 S WASHINGTON AVE, FL
Listed by
James Mutter · License #3218212
(321) 269-9855
Added: Mar 2 Checked: Jul 16 at 7:06 pm
MLS# O6386765
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 47,179 square foot unit in Titusville, Florida, offers diverse possibilities, including use as a school, office space, or retail build-out. The layout includes 25 rooms and 5 bathrooms, complemented by over 10,000 square feet of warehouse space. The property benefits from abundant on-site parking, enhancing convenience for both customers and staff. Situated in a well-traveled area, the property provides excellent visibility and access. The property is positioned to support long-term success. The property is being sold as is. A monthly association fee will be charged to all unit owners; the seller is currently working on setting up the association and fee. The entire shopping center is also for sale. The property is tenant occupied.
Key Highlights
- Over 47,000 sq ft of versatile space suitable for school, office, or retail use.
- Over 10,000 sq ft of warehouse space included.
- Abundant on‑site parking for customers and staff.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $396.3k | $8.40 |
| − Vacancy | −$13.9k | −$0.29 |
| EGI | $382.4k | $8.11 |
| − OpEx | −$57.4k | −$1.22 |
| NOI | $325.1k | $6.89 |
47,179 SF · lease $8.40/SF/yr · vacancy 3.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$9.17M
$8.03M – $10.70M
NOI $642,012 @ 7.0% cap · market cap 13.10%
Second Best
Mixed Use
$7.82M
$6.84M – $9.12M
NOI $547,394 @ 7.0% cap · market cap 11.17%
Theoretical Best
Office A
$12.45M
$10.89M – $14.52M
NOI $871,302 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Steps Early Learning ...
Daycare Center
SC Step by ...
Training Center
The Harvest Church
Church
Boyz2Men with Purpose
Family Recreation Center
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 47,000+ sq ft mixed-use space for sale in Titusville.
Where is this mixed-use property located?
The property is located at 1923 KNOX MCRAE DRIVE Titusville, FL.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Over 47,000 sq ft of versatile space suitable for school, office, or retail use.; Over 10,000 sq ft of warehouse space included.; Abundant on‑site parking for customers and staff.
