Turn-Key Quick Service
For Sale
Contact for pricing
1250 Garden Street, Titusville, FL 32796
Fully renovated quick-service restaurant built out for restaurant operations, with FF&E included for turnkey occupancy.
Property Size1,818 SF
Price / SF$467.55
Days on Market98
Property Features for 1250 Garden Street
General Information
Standard status
Active
Size
1,818 SF
Property subtype
Retail
Zoning
CC
Additional Details
Furnished
Yes
Building Details
Year Built
1980
Year Renovated
2016
Tenancy
Single
Listing Agency:
Rocket City Commercial, Brokered by eXp Commercial
(321) 291-6601
Listed By:
Lisa Earnhardt · License #SL3439689
Source:
Crexi
Added: May 4
Changed: Aug 8
Last Checked: Aug 8 at 2:57PM
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 Rocket City Commercial, Brokered by eXp Commercial
Investment Insights
Based on property information with market context.
Turn-key quick-service restaurant opportunity currently built out for restaurant use and suitable for a new operator. The property was fully renovated in 2016/2018 and includes existing FF&E, which can help reduce startup costs and buildout time. The space is positioned to support quick-service restaurant operations, as well as concepts such as fast-casual, café, or franchise use.
Located at 1250 Garden Street in Titusville, Florida, the property sits along Garden Street in the heart of the Space Coast market. The area is described as experiencing continued commercial development and employment growth driven by aerospace activity connected to Kennedy Space Center, Cape Canaveral, and private space industry investment.
This sale includes the property’s existing furnishings and equipment and offers a restaurant-ready configuration for an operator looking for a turnkey setup.
Located at 1250 Garden Street in Titusville, Florida, the property sits along Garden Street in the heart of the Space Coast market. The area is described as experiencing continued commercial development and employment growth driven by aerospace activity connected to Kennedy Space Center, Cape Canaveral, and private space industry investment.
This sale includes the property’s existing furnishings and equipment and offers a restaurant-ready configuration for an operator looking for a turnkey setup.
Key Highlights
- Built in 1980 and fully renovated in 2016/2018 for quick‑service restaurant (QSR) use.
- Restaurant‑ready buildout currently suited for QSR/fast‑casual/café/franchise operation.
- FF&E included in the sale price to help reduce startup and buildout time for an operator.
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
$24,216
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
2.85%
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%
$484,320
$484.3K
Cap Rate 7%
$345,943
$345.9K
Cap Rate 9%
$269,067
$269.1K
Market Conditions
NOI Build-Up for 1,818 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
$34.9K $19.20/SF
− Vacancy
−$2.6K −$1.44/SF
EGI
$32.3K $17.76/SF
− OpEx
−$8.1K −$4.44/SF
NOI
$24.2K $13.32/SF
Area
Brevard County, FL
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$484,320
Cap Rate 7%
$345,943
Cap Rate 9%
$269,067
Alternative Uses
Best Use
Specialty Retail
$345.9K
$302.7K – $403.6K
NOI $24,216 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$479.6K
$419.7K – $559.6K
NOI $33,575 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully renovated quick-service restaurant built out for restaurant operations, with FF&E included for turnkey occupancy.
Where is this conventional restaurant located?
The property is located at 1250 Garden Street Titusville, FL.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Built in 1980 and fully renovated in 2016/2018 for quick‑service restaurant (QSR) use.; Restaurant‑ready buildout currently suited for QSR/fast‑casual/café/franchise operation.; FF&E included in the sale price to help reduce startup and buildout time for an operator.
