Retail Strip Mall with
For Sale
$2,800,000
1225 Garden Street 1225, Titusville, FL 32796
For-sale strip mall retail property offering multiple storefront spaces for neighborhood shopping uses.
Property Size20,000 SF
Price / SF$140
Days on Market60
Property Features for 1225 Garden Street 1225
General Information
Standard status
Active
Size
20,000 SF
Taxes and HOA fees
Annual Taxes
$3,491
Amenities
Central Air
Central
Parking Lot
Building Details
Building Size
20,000 SF
Year Built
1986
Listing Agency:
Charles A. Von Stein, Inc
(772) 778-4885
Listed By:
Kirk Von Stein
(772) 778-4885
Source:
Evrealestate
Added: Jun 24
Changed: Aug 8
Last Checked: Aug 21 at 4:09AM
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 Charles A. Von Stein, Inc
Investment Insights
Based on property information with market context.
This for-sale retail asset is a strip mall configuration with storefront-style spaces, suited for a range of neighborhood commercial tenants. The property is presented as a retail property within the commercial real estate category, with the existing configuration designed for direct retail access.
Located in Brevard County at 1225 Garden Street in Titusville, Florida, the property’s street address provides straightforward identification for buyers and brokers during tours and due diligence. The offering is listed as a retail-focused center, consistent with retail space and storefront property classifications.
From a tenant or operator perspective, storefront-oriented retail centers can work well for businesses that rely on walk-in and direct street-facing presentation. This asset’s retail strip mall format should be evaluated for layout efficiency, signage options, and the specific needs of prospective concepts, keeping in mind that no tenant roster or unit mix details are provided in the available information. Buyers considering owner-occupancy or retail investment will likely want to confirm current configuration, lease terms if applicable, and space-by-space suitability during the inspection process.
Located in Brevard County at 1225 Garden Street in Titusville, Florida, the property’s street address provides straightforward identification for buyers and brokers during tours and due diligence. The offering is listed as a retail-focused center, consistent with retail space and storefront property classifications.
From a tenant or operator perspective, storefront-oriented retail centers can work well for businesses that rely on walk-in and direct street-facing presentation. This asset’s retail strip mall format should be evaluated for layout efficiency, signage options, and the specific needs of prospective concepts, keeping in mind that no tenant roster or unit mix details are provided in the available information. Buyers considering owner-occupancy or retail investment will likely want to confirm current configuration, lease terms if applicable, and space-by-space suitability during the inspection process.
Key Highlights
- Strip mall retail property with multiple storefront spaces for neighborhood shopping uses
- Year built: 1986
- Central air conditioning and central heating
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
$230,580
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
8.24%
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%
$4,611,600
$4.6M
Cap Rate 7%
$3,294,000
$3.3M
Cap Rate 9%
$2,562,000
$2.6M
Market Conditions
NOI Build-Up for 20,000 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
$360.0K $18.00/SF
− Vacancy
−$30.6K −$1.53/SF
EGI
$329.4K $16.47/SF
− OpEx
−$98.8K −$4.94/SF
NOI
$230.6K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$4,611,600
Cap Rate 7%
$3,294,000
Cap Rate 9%
$2,562,000
Alternative Uses
Best Use
Retail
$3.29M
$2.88M – $3.84M
NOI $230,580 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.28M
$4.62M – $6.16M
NOI $369,360 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Home Improvements & Furnishings 40%
Napa Auto Parts
Shops & Services
801 visits/mo
0.5 miles
City Electric Supply
Home Improvements & Furnishings
532 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - For-sale strip mall retail property offering multiple storefront spaces for neighborhood shopping uses.
Where is this strip mall located?
The property is located at 1225 Garden Street 1225 Titusville, FL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Strip mall retail property with multiple storefront spaces for neighborhood shopping uses; Year built: 1986; Central air conditioning and central heating
