Mixed-Use Unit with Private
For Sale
Contact for pricing
1067 Cheney Highway 8, Titusville, FL 32780
Unit 8 offers a reception area, two enclosed offices, and a private restroom within The Meadows Plaza.
Property Size570 SF
Price / SF$173.68
Days on Market56
Property Features for 1067 Cheney Highway 8
General Information
Standard status
Active
Size
570 SF
Property subtype
Mixed Use, Office, Retail
Additional Details
Highway Access
Yes
Building Details
Year Built
1985
Units
1
Listing Agency:
Blue Marlin Real Estate
(321) 543-7246
Listed By:
Justin Luke · License #3234313
Source:
Crexi
Added: Jul 7
Changed: Aug 30
Last Checked: Aug 30 at 10:30AM
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 Blue Marlin Real Estate
Investment Insights
Based on property information with market context.
Unit 8 at The Meadows Plaza is a commercial space with a reception area, two private offices, and an exclusive restroom. The configuration provides distinct areas for front-of-house activity, individual workspaces, and daily operations.
The property is located at 1067 Cheney Highway, just off Cheney Highway, also designated SR 50, in Titusville. The building was constructed in 1985, and the roof was replaced in 2022.
The property is located at 1067 Cheney Highway, just off Cheney Highway, also designated SR 50, in Titusville. The building was constructed in 1985, and the roof was replaced in 2022.
Key Highlights
- 2022 roof replacement
- Two private offices
- Reception and lobby area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,757
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$155,140
$155.1K
Cap Rate 7%
$110,814
$110.8K
Cap Rate 9%
$86,189
$86.2K
Market Conditions
NOI Build-Up for 570 SF
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.
Gross rent
$12.3K $21.60/SF
− Vacancy
−$2.0K −$3.46/SF
EGI
$10.3K $18.14/SF
− OpEx
−$2.6K −$4.54/SF
NOI
$7.8K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$155,140
Cap Rate 7%
$110,814
Cap Rate 9%
$86,189
Alternative Uses
Best Use
Office B
$110.8K
$97.0K – $129.3K
NOI $7,757 @ 7.0% cap · market cap 7.84%
Second Best
Mixed Use
$94.5K
$82.7K – $110.2K
NOI $6,613 @ 7.0% cap · market cap 6.68%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Unit 8 offers a reception area, two enclosed offices, and a private restroom within The Meadows Plaza.
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: 2022 roof replacement; Two private offices; Reception and lobby area
