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    Renovated Retail/Flex Plaza Units Title is generated by Realmo AI

    600 South Park Avenue, Titusville, FL 32796

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    For Lease
    $18 SF/Yr $25,740/Mo (calc)

    Recently renovated mixed-use plaza offers multiple retail units with roll-up doors and in-unit restrooms.

    Type:Commercial Lease / Mixed Use
    Property size:
    17,160 SF
    Added:
    Apr 14, 2025
    Days on Market:
    419
    Last Refresh:
    Jun 6 at 1:52 am

    Property Features for 600 South Park Avenue

    General Information

    Standard status
    Active
    Size
    17,160 SF
    Property subtype
    Commercial Lease / Mixed Use

    Building Details

    Year Built
    1963

    We can help!

    Listing Contact
    Ani Romero

    Listing agent Ani Romero License #3463435

    Listing office CENTURY 21 CARIOTI

    Listing date Apr 14, 2025

    Source Compass

    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 CENTURY 21 CARIOTI

    HighLights

    • Recently renovated mixed‑use plaza with 1‑story slab foundation; block, concrete, and stucco construction
    • Two 1,040 SF units with open floor plans, each with a restroom and rear mini storage area
    • Two 1,352 SF units with roll‑up doors, open floor plans, in‑unit restrooms, and rear mini storage area
    • One 3,818 SF unit with roll‑up doors, open floor plan, restroom, and rear mini storage area
    • Central air plus mini‑split unit(s) for each unit
    • All units include a rear mini storage area and an in‑unit restroom

    Overview

    A recently renovated mixed-use plaza featuring available retail/flex units in multiple sizes. Each unit is laid out with an open floor plan, includes a restroom, and offers a rear mini storage area for day-to-day back-of-house needs. Select spaces are equipped with roll-up doors, supporting businesses that need straightforward access for deliveries or loading.

    The property is located at 600 South Park Avenue in Titusville, Florida. The center includes varied unit sizes to accommodate different service and retail concepts within the same plaza environment.

    Available configurations include two 1,040 SF units, each suited for boutique retail or service-oriented uses, plus two 1,352 SF units that both feature roll-up doors. There is also a larger 3,818 SF unit with roll-up doors, offering an open format for tenants that require more flexible layout options while keeping restroom and rear mini storage in place. The combination of open plans, restrooms, and select roll-up access makes these spaces practical for a range of neighborhood retail and light flex users.
    Location Intelligence

    Current Use by Public Records

    Protek Nail Inc Nail Salon

    Suggested Use

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

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

    Similar Places Nearby

    • Out of the Closet Antiques and Collectibles (OTC) — 1101 S Washington Ave, Titusville, FL 32780

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.8191432
    Latitude
    28.6089404

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    FAQs

    What type of property is this?
    Shopping center - Recently renovated mixed-use plaza offers multiple retail units with roll-up doors and in-unit restrooms.
    Where is this shopping center located?
    The property is located at 600 South Park Avenue Titusville, FL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Recently renovated mixed‑use plaza with 1‑story slab foundation; block, concrete, and stucco construction; Two 1,040 SF units with open floor plans, each with a restroom and rear mini storage area; Two 1,352 SF units with roll‑up doors, open floor plans, in‑unit restrooms, and rear mini storage area
    (210) 973-4079
    We can help!
    Listing Contact
    Ani Romero
    Real Estate License ID: 3463435
    Learn More
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    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.

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