Three-Building Mixed-Use
For Sale
$2,800,000
1225 Garden Street 1225, Titusville, FL 32796
A combination of office and retail space is arranged across three buildings with elevator-served office suites.
Property Size20,000 SF
Lot Size1.14 Acres
Price / SF$140
Days on Market129
Property Features for 1225 Garden Street 1225
General Information
Standard status
Active
Size
20,000 SF
Elevators
Yes
Lot size
1.14 Acres
Property subtype
Office
Additional Details
Asking Price
$2,800,000
Mixed-Use Components
office, retail
Property Use
Office, Retail
Taxes and HOA fees
Annual Taxes
$3,491
Amenities
monument and facade signage
professionally maintained landscaping
Building Details
Building Size
20,000 SF
Year Built
1986
Buildings
3
Construction
concrete block and stucco
Listing Agency:
Charles A. Von Stein, Inc
Listed By:
Kirk Von Stein · License #0480498
(772) 778-4885
Source:
Inthehomezonerealty
Added: Jun 24
Changed: Oct 26
Last Checked: Oct 30 at 1:35AM
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
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Investment Insights
Based on property information with market context.
This 20,000-square-foot mixed-use property spans approximately 1.14 acres and comprises three buildings. The office component is a 10,000-square-foot, two-story building with elevator access; two additional buildings each provide 5,000 square feet of retail space. The structures date to 1986 and feature concrete block and stucco construction. Renovated suites, refreshed exterior paint, monument and facade signage, and maintained landscaping are also part of the property.
The site is approximately one mile west of US-1 in Titusville. Publix, restaurants, retail services, and major Titusville employers are nearby.
The site is approximately one mile west of US-1 in Titusville. Publix, restaurants, retail services, and major Titusville employers are nearby.
Key Highlights
- Three buildings totaling 20,000 square feet on approximately 1.14 acres
- 10,000‑square‑foot, two‑story office building with elevator access
- Two retail buildings, each measuring 5,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$232,050
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,641,000
$4.6M
Cap Rate 7%
$3,315,000
$3.3M
Cap Rate 9%
$2,578,333
$2.6M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$408.0K $20.40/SF
− Vacancy
−$36.7K −$1.84/SF
EGI
$371.3K $18.56/SF
− OpEx
−$139.2K −$6.96/SF
NOI
$232.1K $11.60/SF
Area
Brevard County, FL
Vacancy
9.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,641,000
Cap Rate 7%
$3,315,000
Cap Rate 9%
$2,578,333
Alternative Uses
Best Use
Office B
$3.89M
$3.40M – $4.54M
NOI $272,160 @ 7.0% cap · market cap 9.72%
Second Best
Mixed Use
$3.31M
$2.90M – $3.87M
NOI $232,050 @ 7.0% cap · market cap 8.29%
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A combination of office and retail space is arranged across three buildings with elevator-served office suites.
Where is this mixed-use property 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: Three buildings totaling 20,000 square feet on approximately 1.14 acres; 10,000‑square‑foot, two‑story office building with elevator access; Two retail buildings, each measuring 5,000 square feet
