Office and Retail
1225 Garden Street Unit 1225 Titusville, FL 32796
For Sale
$2,800,000
Three-building office and retail investment with elevator-access office space and renovated suites on maintained landscaping.
Property Size20,000 SF
Lot Size1.14 Acres
Price / SF$140
Days on Market58
Property Features for 1225 Garden Street Unit 1225
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Lot size
- 1.14 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1986
Listing Agency:
Charles A. Von Stein, Inc
(772) 696-1082
Listed By:
Kirk Von Stein
(772) 696-1082
Source:
Xome
Added: May 27
Changed: Jul 23
Last Checked: Jul 23 at 2:54AM
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.
Garden Street Office Centre is a multi-building office and retail investment consisting of three buildings on approximately 1.14 acres. The property includes a 10,000-square-foot, two-story office building with elevator access, along with two 5,000-square-foot retail buildings. Constructed with concrete block and stucco, the buildings feature renovated suites, updated exterior paint, monument and facade signage, and professionally maintained landscaping.
The property is located approximately one mile west of US-1 near Publix, restaurants, retail services, and major Titusville employers.
This offering combines office and retail components within a three-building campus configuration, supporting a mixed-use tenant mix across the existing space.
The property is located approximately one mile west of US-1 near Publix, restaurants, retail services, and major Titusville employers.
This offering combines office and retail components within a three-building campus configuration, supporting a mixed-use tenant mix across the existing space.
Key Highlights
- Three‑building office and retail investment totaling 20,000 SF on approx. 1.14 acres
- Includes a 10,000‑SF two‑story office building with elevator access
- Also features two 5,000‑SF retail buildings
Financial Insights For Retail
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 | $360.0k | $18.00 |
| − Vacancy | −$30.6k | −$1.53 |
| EGI | $329.4k | $16.47 |
| − OpEx | −$98.8k | −$4.94 |
| NOI | $230.6k | $11.53 |
20,000 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$3.89M
$3.40M – $4.54M
NOI $272,160 @ 7.0% cap · market cap 9.72%
Second Best
Retail
$3.29M
$2.88M – $3.84M
NOI $230,580 @ 7.0% cap · market cap 8.24%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Windshield Replacement of Titusville
Auto Repair Shop
Courageous Kicks Taekwondo
Sports School
Clinebell LLC
Restaurant
FAQs
What type of property is this?
Office building - Three-building office and retail investment with elevator-access office space and renovated suites on maintained landscaping.
Where is this office building located?
The property is located at 1225 Garden Street Unit 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: Three‑building office and retail investment totaling 20,000 SF on approx. 1.14 acres; Includes a 10,000‑SF two‑story office building with elevator access; Also features two 5,000‑SF retail buildings
