Two-Building Storefront
New
For Sale
$695,000
1700 S Washington Ave, Titusville, FL 32780
Commercial asset with separate front and rear buildings, including a renovated tenant-occupied space and owner-user flexibility.
Property Size2,532 SF
Lot Size0.34 Acres
Price / SF$274.49
Days on Market7
Property Features for 1700 S Washington Ave
General Information
Standard status
Active
Size
2,532 SF
Lot size
0.34 Acres
Zoning
CC
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
2
Owner Occupied
No
Listing Agency:
Rocket City Commercial, Brokered by eXp Commercial
(407) 929-8009
Listed By:
Lisa Earnhardt · License #• SL3439689
(407) 929-8009
Source:
Expcommercial
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 30 at 12:58PM
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.
This storefront property includes two separate commercial buildings totaling ±2,532 SF on approximately 0.34 acre. The front building contains ±1,512 SF and is available for owner occupancy or lease. The rear building provides ±1,020 SF, has been completely renovated, and is occupied by an existing tenant. The layout supports a combination of owner use and leased space within the same property.
The property is located at 1700 S Washington Ave in Titusville, along S. Washington Avenue / US-1. Access to Downtown Titusville, I-95, and the Space Coast is identified in the property information. The site is zoned CC.
The property is located at 1700 S Washington Ave in Titusville, along S. Washington Avenue / US-1. Access to Downtown Titusville, I-95, and the Space Coast is identified in the property information. The site is zoned CC.
Key Highlights
- ±2,532 SF of total enclosed building area
- Two commercial buildings on approximately 0.34 acre
- Front building contains ±1,512 SF and is available for owner occupancy or lease
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
$29,191
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
4.20%
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%
$583,820
$583.8K
Cap Rate 7%
$417,014
$417.0K
Cap Rate 9%
$324,344
$324.3K
Market Conditions
NOI Build-Up for 2,532 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
$45.6K $18.00/SF
− Vacancy
−$3.9K −$1.53/SF
EGI
$41.7K $16.47/SF
− OpEx
−$12.5K −$4.94/SF
NOI
$29.2K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$583,820
Cap Rate 7%
$417,014
Cap Rate 9%
$324,344
Alternative Uses
Best Use
Retail
$417.0K
$364.9K – $486.5K
NOI $29,191 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$668.0K
$584.5K – $779.4K
NOI $46,761 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32780, FL
39,525
Population
19,984
Households
2
Avg Household Size
48
Median Age
27%
College-Educated
92%
High-School Grad
68.1 sq mi
ZIP Area
580
Density / Sq Mi
$64,670
Median Household Income
$39,882
Median Earnings
$1,258
Median Rent
$250,800
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?
Storefront property - Commercial asset with separate front and rear buildings, including a renovated tenant-occupied space and owner-user flexibility.
Where is this storefront property located?
The property is located at 1700 S Washington Ave Titusville, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: ±2,532 SF of total enclosed building area; Two commercial buildings on approximately 0.34 acre; Front building contains ±1,512 SF and is available for owner occupancy or lease
