Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    St S Titusville, FL

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $899,000

    Multifamily development land in Space Coast near I-95.

    Lot size:
    6.00 Acres

    Property Features for St S

    General Information

    Lot size
    6.00 Acres

    We can help!

    Listing Contact
    C. Todd Everett, Sior
    Source: Moodyscre

    Listing Agent: C. Todd Everett, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    6 Acres Multifamily Development Land

    This 6-acre property is zoned R-3 High Intensity, allowing for 15 units per acre, potentially accommodating 90 units. Located east of I-95, it is near the State Road 50 Interchange in a high-traffic corridor with proximity to retail establishments, restaurants, and downtown Titusville. The location offers convenient access to NASA Kennedy Space Center, Cape Canaveral, SpaceX, Space Force Launch Pads, and other aerospace-related industries. The parcel is high and dry with no known wetlands. Situated in a housing-constrained sub-market with high demand, the property is suitable for the development of apartments, townhomes, or single-family residential units. This presents a prime opportunity for developers to capitalize on the current demand and growth in the area. A property survey and CAD file are available upon request.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.8075537
    Latitude
    28.6122187

    Nearby Similar for Sale

    • $945,000
      3,871 SF

      Titusville Mid-Century Modern Motor Inn

      Roadside motor inn with efficiency rooms and manager's apartment.
      1540 S Washington Ave, Titusville, FL 32780
      View Details
    • $4,700,000
      17,393 SF

      Waterfront Restaurant Property in Titusville

      Premier waterfront restaurant with Indian River views and development potential.
      3665 S Washington Ave, Titusville, FL 32780
      View Details
    • $290,000
      Pending

      Retail Property with River Views

      Turn-key retail space with long-term tenant and river views.
      103 A Max Brewer Pkwy, Titusville, FL 32796
      View Details
    • $1,390,000
      3,451 SF

      Versatile Waterfront Mixed-Use Property

      Unique Titusville property with commercial and residential income potential.
      2225 S Washington Ave, Titusville, FL 32780
      View Details
    • $500,000
      2,073 SF

      Established Auto Shop in Titusville

      Fully equipped auto shop in a prime Titusville location.
      425 Coleman St, Titusville, FL 32796
      View Details
    • $279,900
      1,444 SF

      Versatile Commercial Building on Corner Lot

      1,444 sq ft commercial building on 0.41-acre corner lot.
      2701 Garden St, Titusville, FL 32796
      View Details
    • $69,000

      Established Taxi Cab Business For Sale

      Reputable taxi cab business with growth potential in Titusville, FL.
      Cab 54, Titusville, FL 32780
      View Details
    • $479,888
      0.15 Acres

      Titusville Multifamily Investment Opportunity

      Fully occupied multifamily property with potential for increased rental income.
      426 Dummitt Ave, Titusville, FL 32796
      View Details
    • $325,000
      1,203 SF

      Titusville Mixed-Use Investment Opportunity

      Live/work space in historic downtown Titusville with flexible zoning.
      1007 S Washington Ave, Titusville, FL 32780
      View Details
    • $325,000
      1,203 SF

      Titusville Commercial Space For Sale

      Historic downtown Titusville commercial space suitable for office or retail.
      1007 S Washington Ave, Titusville, FL 32780
      View Details
    • $349,000
      2,796 SF

      Titusville Quadruplex Investment Opportunity

      Income-producing quadruplex near shopping and wildlife refuge.
      420 Rockpit Rd, Titusville, FL 32796
      View Details
    • $824,999
      5,352 SF

      Spacious Medical Office Near Parrish

      Move-in ready medical office near Parrish Medical Center in Titusville.
      1855 Jess Parrish Ct, Titusville, FL 32796
      View Details

    FAQs

    What type of property is this?
    Land - Multifamily development land in Space Coast near I-95.
    Where is this land located?
    The property is located at St S Titusville, FL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - High-density zoning (R-3) allows for **90 units, maximizing development potential.**; - Located in a housing-constrained sub-market with high demand.; - Proximity to major employers like NASA Kennedy Space Center, Cape Canaveral, and SpaceX.
    (954) 399-6299
    Request Owner's contact information
    St S Titusville, FL
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    St S
    Titusville, FL
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    St S Titusville, FL
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    C. Todd Everett, Sior
    (954) 399-6299
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.