Office Building with High-Bay
For Sale
$550,000
613 ORANGE Street, Titusville, FL 32796
Commercial Sale, TITUSVILLE, FL
Property Size4,128 SF
Lot Size0.31 Acres
Price / SF$133.24
Days on Market888
Property Features for 613 ORANGE Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
UMU
Subdivision
FISHERS ADD
Directions
Titusville - both lots 609 & 613 are part of the commercial property sale.
Standard status
Active
APN
22 3503-30-B-5.01
Size
4,128 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
FISHERS ADDN TO TITUSVILLE PART OF LOTS 5,6,7 BLK B & PART OF VAC MAIDEN LANE AS DESC IN ORB 5597 PG 7219
Tax Annual Amount
4205
Legal Description
FISHERS ADDN TO TITUSVILLE PART OF LOTS 5,6,7 BLK B & PART OF VAC MAIDEN LANE AS DESC IN ORB 5597 PG 7219
Building Details
Year built
1947
Floors in Building
1
Building materials
Stucco
Listing Agency:
CHARLES RUTENBERG REALTY ORLANDO
(407) 622-2122
Listed By:
Doreen Allison · License #3512855
(407) 234-4799
Added: Mar 25, 2024
Changed: Aug 19
Last Checked: Aug 29 at 11:06AM
MLS# O6191415
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 4,128-square-foot office property includes a high-bay garage positioned behind the main building. Stucco construction and a 1947 build date further define the existing improvements. The 0.31-acre parcel is identified for UMU zoning, and the sale encompasses both 609 Orange St. and 613 Orange St.
Located in Titusville, Florida, the property is within Brevard County and carries a 32796 ZIP code. Its configuration combines office space with rear garage capacity on a single commercial parcel, providing a straightforward existing layout for an owner-user or other office-oriented operation without adding unsupported assumptions about permitted uses.
Located in Titusville, Florida, the property is within Brevard County and carries a 32796 ZIP code. Its configuration combines office space with rear garage capacity on a single commercial parcel, providing a straightforward existing layout for an owner-user or other office-oriented operation without adding unsupported assumptions about permitted uses.
Key Highlights
- 4,128‑square‑foot office building with a high‑bay garage at the rear
- Sale includes both 609 Orange St. and 613 Orange St.
- 0.31‑acre parcel in Titusville, FL
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,148
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$842,960
$843.0K
Cap Rate 7%
$602,114
$602.1K
Cap Rate 9%
$468,311
$468.3K
Market Conditions
NOI Build-Up for 4,128 SF
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.
Gross rent
$69.4K $16.80/SF
− Vacancy
−$4.5K −$1.09/SF
EGI
$64.8K $15.71/SF
− OpEx
−$22.7K −$5.50/SF
NOI
$42.1K $10.21/SF
Area
Brevard County, FL
Vacancy
6.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$842,960
Cap Rate 7%
$602,114
Cap Rate 9%
$468,311
Alternative Uses
Best Use
Office B
$802.5K
$702.2K – $936.2K
NOI $56,174 @ 7.0% cap · market cap 10.21%
Second Best
Flex RnD
$602.1K
$526.9K – $702.5K
NOI $42,148 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$1.09M
$953.0K – $1.27M
NOI $76,236 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,133
Businesses Nearby
Explore this area
Business Placement
Demographics for 32796, FL
20,818
Population
9,670
Households
2.2
Avg Household Size
50
Median Age
28%
College-Educated
90%
High-School Grad
14.4 sq mi
ZIP Area
1,446
Density / Sq Mi
$67,399
Median Household Income
$40,368
Median Earnings
$1,305
Median Rent
$243,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - UMU-zoned office property includes a separate high-bay garage at the rear.
Where is this office building located?
The property is located at 613 ORANGE Street Titusville, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,128‑square‑foot office building with a high‑bay garage at the rear; Sale includes both 609 Orange St. and 613 Orange St.; 0.31‑acre parcel in Titusville, FL
