Downtown Office Building with
For Sale
$740,000
1-407 S Washington Ave, Titusville, FL 32796
Well-maintained office building with multiple independent suites, including a configured physician space and ramp access.
Property Size5,123 SF
Price / SF$144.45
Days on Market107
Property Features for 1-407 S Washington Ave
General Information
Standard status
Active
Size
5,123 SF
Additional Details
Office Units
3
Taxes and HOA fees
Annual Taxes
$9,657
Building Details
Tenancy
Multi
Listing Agency:
Coldwell Banker Paradise
(321) 222-9449
Listed By:
Tami Leliuga · License #686160
(321) 863-2233
Source:
Exprealty
Added: Jul 8
Changed: Oct 8
Last Checked: Oct 21 at 12:23AM
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 Coldwell Banker Paradise
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained office building offers flexible suite configurations for investors or owner-users. The front, North suite is vacant and features an open reception/showroom area, two offices, a restroom, kitchenette, and updated flooring. The rear suite is an open layout with ramp access. A larger physician suite is currently configured with a lobby and reception, several offices, five exam rooms, two restrooms, and a kitchen area, and the building’s suites can remain independent or connect through shared doorways.
The property is located downtown Titusville on highly visible US-1 with ample front and rear parking.
Updates include replacement of the roof and all four HVAC units in 2026, along with acoustic drop ceilings. The seller intends to lease back the existing physician suite to preserve immediate rental income while maintaining future flexibility.
The property is located downtown Titusville on highly visible US-1 with ample front and rear parking.
Updates include replacement of the roof and all four HVAC units in 2026, along with acoustic drop ceilings. The seller intends to lease back the existing physician suite to preserve immediate rental income while maintaining future flexibility.
Key Highlights
- Well‑maintained downtown Titusville office building with over 5,100 SF on highly visible US‑1 with front and rear parking
- Front (North) vacant suite: approx. 700 SF with open reception/showroom, 2 offices, restroom, kitchenette, and updated flooring
- Rear suite: approx. 1,700 SF open suite with rear building and ramp access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,476
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,289,520
$1.3M
Cap Rate 7%
$921,086
$921.1K
Cap Rate 9%
$716,400
$716.4K
Market Conditions
NOI Build-Up for 5,123 SF
Gross rent
$116.8K $22.80/SF
− Vacancy
−$9.3K −$1.82/SF
EGI
$107.5K $20.98/SF
− OpEx
−$43.0K −$8.39/SF
NOI
$64.5K $12.59/SF
Area
Brevard County, FL
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,289,520
Cap Rate 7%
$921,086
Cap Rate 9%
$716,400
Alternative Uses
Best Use
Office B
$995.9K
$871.4K – $1.16M
NOI $69,714 @ 7.0% cap · market cap 9.42%
Second Best
Healthcare Medical
$921.1K
$806.0K – $1.07M
NOI $64,476 @ 7.0% cap · market cap 8.71%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,612 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
967
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
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with multiple independent suites, including a configured physician space and ramp access.
Where is this office building located?
The property is located at 1-407 S Washington Ave Titusville, FL.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Well‑maintained downtown Titusville office building with over 5,100 SF on highly visible US‑1 with front and rear parking; Front (North) vacant suite: approx. 700 SF with open reception/showroom, 2 offices, restroom, kitchenette, and updated flooring; Rear suite: approx. 1,700 SF open suite with rear building and ramp access
