Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    107 S Park Ave S, Unit 121 Titusville, FL 32796

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,200 /Mo

    Ground floor office unit featuring multiple offices and conference room.

    Property Features for 107 S Park Ave S

    General Information

    Standard status
    Active

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Eugene B Artusa
    Source: Exitrealty

    Listing Agency: Realty World Curri Properties Listing Agent: Eugene B Artusa

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

    Learn more

    Overview

    Office Unit For Rent

    This commercial real estate offers a 1200 square foot ground floor unit. The layout includes three offices, a conference room, and one bathroom.
    Location Intelligence

    Current Use by Public Records

    Ernest Restina CPA Accounting Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.8184468
    Latitude
    28.6141112

    Nearby Similar for Lease

    • New
      $100 SF/Yr
      Pending

      Office Space in Titusville, FL

      Small office unit suitable for storage or business address.
      627a Childre Ave, Titusville, FL 32796
      View Details
    • $9,000 /Mo
      8,131 SF

      Titusville Warehouse/Mix Use Space

      Large warehouse/mix use space with office and loading dock potential.
      2189 Us Highway 1, Titusville, FL 32796
      View Details
    • $1,250 /Mo
      5,427 SF

      Retail Property in Titusville, FL

      Retail property for lease in a convenient Titusville location.
      1412 S Hopkins Ave, Titusville, FL 32780
      View Details
    • $1,700 /Mo

      Park Avenue Professional Office Plaza

      Spacious Professional Office Turnkey professional office space for rent is very spacious. Located at the end of Country Club Dr and S Park Avenue, quiet. Open floor plan provides flexibility for various business layouts. Minimum lease one-year lease.
      3380 Park Ave, Titusville, FL 32780
      View Details
    • $130,500

      Renovated Mixed-Use Plaza Retail Spaces

      Retail spaces available in renovated mixed-use plaza.
      600 S Park Ave, Titusville, FL 32796
      View Details
    • Contact for pricing
      10,687 SF

      Retail Space Anchored by Publix

      Retail spaces available in a busy, anchored shopping center.
      3229-3275 Garden St, Titusville, FL 32796
      View Details
    • $130,500

      Renovated Retail Spaces Available

      Recently renovated retail spaces for lease in mixed-use plaza.
      600 S Park Ave, Titusville, FL 32796
      View Details
    • Contact for pricing

      Space Coast Innovation Park Opportunity

      Class A industrial mixed-use complex in Titusville, Florida.
      Grissom Pkwy, Titusville, FL 32780
      View Details
    • Contact for pricing
      3,400 SF

      Titusville Industrial Space For Lease

      Industrial spaces for lease near I-95 and US Highway 1.
      1200 White Dr, Titusville, FL 32780
      View Details
    • $26 SF/Yr
      4,440 SF

      Titusville Retail Space - I-95 Frontage

      High-Visibility Restaurant/Retail Space Available
      3490 Garden St, Titusville, FL 32796
      View Details
    • $14 SF/Yr
      4,736 SF

      Titusville Office Space for Lease

      Prime Titusville Office: 4,736 sq ft
      3050 Hopkins Ave, Titusville, FL 32780
      View Details
    • $16 SF/Yr
      4,000 SF

      Titusville Office Space For Lease

      Modern medical/creative office suites available.
      687 Us Highway 1, Titusville, FL 32780
      View Details

    FAQs

    What type of property is this?
    Office units - Ground floor office unit featuring multiple offices and conference room.
    Where is this office units located?
    The property is located at 107 S Park Ave S, Unit 121 Titusville, FL.
    What is the lease rate?
    The lease rate is $1,200 /Mo.
    What are key features of this property?
    This property features: - Ground floor unit for easy access.; - 1,200 SF of well-distributed space.; - Features 3 offices, ideal for a small team.
    (321) 720-5053
    Request Owner's contact information
    107 S Park Ave S, Unit 121 Titusville, FL 32796
    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.
    107 S Park Ave S, Unit 121
    Titusville, FL 32796
    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
    107 S Park Ave S, Unit 121 Titusville, FL 32796
    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
    Eugene B Artusa
    Real Estate License ID: 655885
    (321) 720-5053 (321) 254-0546 (321) 259-1003
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!