Operating Self-Storage
New
For Sale
$500,000
1002 TROPIC STREET, Titusville, FL 32796
An established storage operation with multiple individual units is already in service.
Property Size4,950 SF
Lot Size0.13 Acres
Price / SF$101.01
Days on Market5
Property Features for 1002 TROPIC STREET
General Information
Standard status
Active
Size
4,950 SF
Lot size
0.13 Acres
Property subtype
Warehouse
Additional Details
Self-Storage Units
31
Amenities
0.13 acres
Shingle
Additional parcels description:, Parcel Number: 22 3504-09-37-6, Public Survey Range: 35, Public Survey Section: 04, Annual Amount: $2,518.73, Tax Block: 37, Tax Book Number: 1-17, Legal Description: BLKS 37,38 OF PB 1 PG 17 RESUBD LOTS 6,7 BLK 37, Lot: 6, Year: 2025, Zoning: UMU
Listing ID: MFRO6449264, Standard Status: Active, MLS Status: Active, Property Subtype: Warehouse, On market as of 2026-10-12, Special Conditions: None
Built in 1920, Living area: 4950, Living area units: Square Feet, 1 storey, Construction Materials: Metal Siding, Frame
Subdivision: BLKS 37 38 PB 01 PG 17 RESUB, MLS Area (Major): 32796 - Titusville, County/Parish: Brevard
Slab
Close Of Escrow
Frontage Type: Business District, City Street, Road Surface: Asphalt
Building Details
Year Built
1920
Building Size
4,950 SF
Listing Agency:
MUTTER REALTY
(321) 269-9855
Listed By:
James Mutter · License #3218212
(321) 501-0290
Source:
Miharaandassociates
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 14 at 10:27PM
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 MUTTER REALTY
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Investment Insights
Based on property information with market context.
This self-storage property in Titusville is an operating facility with 31 individual units and approximately 4,950 square feet of building area. The site covers approximately 0.13 acres, and the building dates to 1920.
The property is located at 1002 Tropic Street in Titusville, Florida. Its existing storage operation provides a defined commercial use on the site.
The property is located at 1002 Tropic Street in Titusville, Florida. Its existing storage operation provides a defined commercial use on the site.
Key Highlights
- Operating self‑storage facility with 31 individual units
- Approximately 4,950 square feet of building space
- Approximately 0.13 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,106
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,120
$682.1K
Cap Rate 7%
$487,229
$487.2K
Cap Rate 9%
$378,956
$379.0K
Market Conditions
NOI Build-Up for 4,950 SF
Gross rent
$41.6K $8.40/SF
− Vacancy
−$1.5K −$0.29/SF
EGI
$40.1K $8.11/SF
− OpEx
−$6.0K −$1.22/SF
NOI
$34.1K $6.89/SF
Area
Brevard County, FL
Vacancy
3.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,120
Cap Rate 7%
$487,229
Cap Rate 9%
$378,956
Alternative Uses
Best Use
Self Storage
$718.1K
$628.4K – $837.8K
NOI $50,270 @ 7.0% cap · market cap 10.05%
Second Best
Warehouse
$487.2K
$426.3K – $568.4K
NOI $34,106 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,417 @ 7.0% cap · market cap 18.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,240
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - An established storage operation with multiple individual units is already in service.
Where is this self storage facility located?
The property is located at 1002 TROPIC STREET Titusville, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Operating self‑storage facility with 31 individual units; Approximately 4,950 square feet of building space; Approximately 0.13 acres
