Mixed-Use Unit with Private
For Sale
$99,000
1067 Cheney Highway #8, Titusville, FL 32780
The suite includes a reception area, two enclosed offices, and a private restroom for business operations.
Property Size570 SF
Price / SF$173.68
Days on Market19
Property Features for 1067 Cheney Highway #8
General Information
Standard status
Active
Size
570 SF
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Building Details
Year Built
1985
Year Renovated
2022
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Oct 12
Changed: Oct 29
Last Checked: Oct 29 at 2:48PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This mixed-use commercial unit was built in 1985 and has a reception and lobby area, two private offices, and a dedicated restroom. The roof was replaced in 2022, adding a recent building improvement to the suite’s existing configuration.
The property is at The Meadows Plaza, just off Cheney Highway (SR 50) in Titusville, Florida. Its location provides access from the highway corridor.
The property is at The Meadows Plaza, just off Cheney Highway (SR 50) in Titusville, Florida. Its location provides access from the highway corridor.
Key Highlights
- Two private offices, a reception and lobby area, and a private restroom
- Roof replaced in 2022
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,613
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,260
$132.3K
Cap Rate 7%
$94,471
$94.5K
Cap Rate 9%
$73,478
$73.5K
Market Conditions
NOI Build-Up for 570 SF
Gross rent
$11.6K $20.40/SF
− Vacancy
−$1.0K −$1.84/SF
EGI
$10.6K $18.56/SF
− OpEx
−$4.0K −$6.96/SF
NOI
$6.6K $11.60/SF
Area
Brevard County, FL
Vacancy
9.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,260
Cap Rate 7%
$94,471
Cap Rate 9%
$73,478
Alternative Uses
Best Use
Mixed Use
$94.5K
$82.7K – $110.2K
NOI $6,613 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$150.4K
$131.6K – $175.5K
NOI $10,527 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Explore this area
Business Placement
Demographics for 32780, FL
39,525
Population
19,984
Households
2
Avg Household Size
48
Median Age
27%
College-Educated
92%
High-School Grad
68.1 sq mi
ZIP Area
580
Density / Sq Mi
$64,670
Median Household Income
$39,882
Median Earnings
$1,258
Median Rent
$250,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The suite includes a reception area, two enclosed offices, and a private restroom for business operations.
Where is this mixed-use property located?
The property is located at 1067 Cheney Highway #8 Titusville, FL.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Two private offices, a reception and lobby area, and a private restroom; Roof replaced in 2022; Built in 1985
