Professional Office
1113 S Washington Avenue Titusville, FL 32780
For Sale
$339,900
Professional office space with updated plumbing and a new roof scheduled for 2026.
Property Size1,536 SF
Price / SF$221.29
Days on Market28
Property Features for 1113 S Washington Avenue
General Information
- Standard status
- Active
- Size
- 1,536 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1954
Listing Agency:
Mutter Realty
(321) 501-0290
Listed By:
James Mutter · License #3594768
(321) 501-0290
Source:
Xome
Added: Jun 26
Changed: Jul 22
Last Checked: Jul 23 at 4:10AM
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
Investment Insights
Based on property information with market context.
This professional office space includes updated plumbing from prior work and a new roof planned for 2026. The property is currently configured with two tenants: one on a month-to-month arrangement and a second tenant with approximately 8 months remaining on their lease.
The building is offered for sale and is located at 1113 S Washington Avenue in Titusville, Florida.
As presented, the suite offers an income-producing setup with existing occupancy and remaining lease term for the current second tenant.
The building is offered for sale and is located at 1113 S Washington Avenue in Titusville, Florida.
As presented, the suite offers an income-producing setup with existing occupancy and remaining lease term for the current second tenant.
Key Highlights
- New roof scheduled for 2026
- Professional office space
- Updated plumbing (updated in past)
Financial Insights For Office B
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 | $33.2k | $21.60 |
| − Vacancy | −$5.3k | −$3.46 |
| EGI | $27.9k | $18.14 |
| − OpEx | −$7.0k | −$4.54 |
| NOI | $20.9k | $13.61 |
1,536 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$298.6K
$261.3K – $348.4K
NOI $20,902 @ 7.0% cap · market cap 6.15%
Second Best
Healthcare Medical
$276.2K
$241.6K – $322.2K
NOI $19,331 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$405.2K
$354.6K – $472.8K
NOI $28,367 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Professional office space with updated plumbing and a new roof scheduled for 2026.
Where is this office units located?
The property is located at 1113 S Washington Avenue Titusville, FL.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: New roof scheduled for 2026; Professional office space; Updated plumbing (updated in past)
