Versatile Mixed-Use Space For
1923 KNOX MCRAE Dr Titusville, FL 32780
1923 KNOX MCRAE Dr, Titusville, FL, 32780
$4,900,000
For Sale
$4,900,000
47000+ sqft unit suitable for school, office, or retail.
Property Size47,000 SF
Price / SF$104.26
Days on Market84
Property Features for 1923 KNOX MCRAE Dr
General Information
- Standard status
- Active
- Size
- 47,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing Agency
MUTTER REALTY
(321) 269-9855
Listed by
James Mutter · License #3218212
(321) 269-9855
Source
Elliman
Added: Apr 24 Checked: Jul 10 at 1:18 pm
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 MUTTER REALTY
Investment Insights
Based on property information with market context.
This unit offers over 47000 square feet of space, suitable for a school, office space, or retail build-out. It includes 25 rooms, 5 bathrooms, and over 10000 square feet of warehouse space, presenting numerous possibilities. Abundant on-site parking provides convenience for both customers and staff, enhancing its appeal for high-traffic commercial use. Positioned in a well-traveled area, the property offers excellent visibility and access. It is ready to thrive with the right vision, offering the space, infrastructure, and visibility to support long-term success. The property is being sold as is. A monthly association fee will be charged to all unit owners; the seller is currently working on setting up the association and fee. The property is located in an area with a bike score of 50, indicating it is bikeable, and a walk score of 55, meaning it is somewhat walkable. The property is tenant occupied.
Key Highlights
- Over 47,000 sq ft of versatile space suitable for school, office, or retail use.
- Over 10,000 sq ft of warehouse space included.
- Abundant on‑site parking for customers and staff.
Local Financial Insights For Warehouse
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 | $394.8k | $8.40 |
| − Vacancy | −$13.8k | −$0.29 |
| EGI | $381.0k | $8.11 |
| − OpEx | −$57.1k | −$1.22 |
| NOI | $323.8k | $6.89 |
47,000 SF · lease $8.40/SF/yr · vacancy 3.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$9.14M
$7.99M – $10.66M
NOI $639,576 @ 7.0% cap · market cap 13.05%
Second Best
Mixed Use
$7.79M
$6.82M – $9.09M
NOI $545,317 @ 7.0% cap · market cap 11.13%
Theoretical Best
Office A
$12.40M
$10.85M – $14.47M
NOI $867,996 @ 7.0% cap · market cap 17.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Steps Early Learning ...
Daycare Center
SC Step by ...
Training Center
The Harvest Church
Church
Boyz2Men with Purpose
Family Recreation Center
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FAQs
What type of property is this?
Mixed-use property - 47000+ sqft unit suitable for school, office, or retail.
Where is this mixed-use property located?
The property is located at 1923 KNOX MCRAE Dr Titusville, FL.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Over 47,000 sq ft of versatile space suitable for school, office, or retail use.; Over 10,000 sq ft of warehouse space included.; Abundant on‑site parking for customers and staff.
