31-Unit Self-Storage
New
For Sale
$500,000
1002 TROPIC Street, Titusville, FL 32796
Commercial Sale, TITUSVILLE, FL
Property Size4,950 SF
Lot Size0.13 Acres
Price / SF$101.01
Days on Market2
Property Features for 1002 TROPIC Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UMU
Subdivision
BLKS 37 38 PB 01 PG 17 RESUB
Directions
S Hopkins Ave to west on South St, North on S Deleon Ave, Turn left onto Tropic. Units are at the corner of Tropic and S Deleon
Standard status
Active
APN
22 3504-09-37-6
Size
4,950 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BLKS 37,38 OF PB 1 PG 17 RESUBD LOTS 6,7 BLK 37
Tax Annual Amount
2519
Legal Description
BLKS 37,38 OF PB 1 PG 17 RESUBD LOTS 6,7 BLK 37
Building Details
Year built
1920
Floors in Building
1
Building materials
Metal Siding, Frame
Roof type
Shingle
Listing Agency:
MUTTER REALTY · Real Living
(321) 269-9855
Listed By:
James Mutter · License #3594768
(321) 501-0290
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 7:06PM
MLS# O6449264
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 operating self-storage property contains 31 individual units within approximately 4,950 square feet of building area. The site encompasses approximately 0.13 acres and is zoned UMU. The building dates to 1920 and has a frame construction with metal siding and a shingle roof.
Located at 1002 Tropic Street in Titusville, the property is offered as an existing storage operation.
Located at 1002 Tropic Street in Titusville, the property is offered as an existing storage operation.
Key Highlights
- 31 individual storage units
- Approximately 4,950 square feet of building area
- Approximately 0.13‑acre site
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - The operating storage property has multiple rental units and UMU zoning.
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: 31 individual storage units; Approximately 4,950 square feet of building area; Approximately 0.13‑acre site
