Downtown Office Building with
1-407 S Washington Ave Titusville, FL 32796
1-407 S Washington Ave, Titusville, FL, 32796
$740,000
For Sale
$740,000
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 Market16
Property Features for 1-407 S Washington Ave
General Information
- Standard status
- Active
- Size
- 5,123 SF
Listing agency
Coldwell Banker Paradise
(321) 863-2233
Listed by
Tami Leliuga
(321) 863-2233
Source
Exprealty
Added: Jul 8 Updated: Jul 22 at 7:19PM Checked: Jul 22 at 7:19PM
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
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
Local Financial Insights For Healthcare Medical
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 | $116.8k | $22.80 |
| − Vacancy | −$9.3k | −$1.82 |
| EGI | $107.5k | $20.98 |
| − OpEx | −$43.0k | −$8.39 |
| NOI | $64.5k | $12.59 |
5,123 SF · lease $22.80/SF/yr · vacancy 8.00% · expense 40.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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
