Two-Building Office
New
For Sale
$695,000
1700 S WASHINGTON Avenue, Titusville, FL 32780
Commercial Sale, TITUSVILLE, FL
Property Size2,532 SF
Lot Size0.34 Acres
Price / SF$274.49
Days on Market2
Property Features for 1700 S WASHINGTON Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CC
Subdivision
RIVERSIDE PARK SEC A
Directions
From I-95, take Exit 215 for SR-50/Cheney Hwy and head east toward Titusville. Continue east to US-1/S Washington Ave. Turn left (north) onto S Washington Ave/US-1. Continue north to 1702 S Washington Ave; property will be on your left.
Standard status
Active
APN
22 3510-01-*-38
Size
2,532 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RIVERSIDE PARK SEC A LOTS 38, 39 EXC HWY R/W
Tax Annual Amount
4274
Legal Description
RIVERSIDE PARK SEC A LOTS 38, 39 EXC HWY R/W
Utilities
Cooling system
Central Air
Building Details
Year built
1940
Floors in Building
1
Building materials
Concrete
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Josie Bauer
(407) 310-5877
Added: Aug 26
Changed: Aug 27
Last Checked: Aug 27 at 5:06PM
MLS# O6436821
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property includes two separate concrete buildings totaling 2532 square feet on a 0.34-acre parcel. The primary structure provides office accommodations, while the rear building contains approximately 1,020 SF of renovated space for additional workspace or business functions. Central air conditioning serves the property, which was built in 1940.
The site fronts the S Washington Avenue/US-1 corridor in Titusville, near Downtown Titusville and area employers including Kennedy Space Center. CC zoning supports its commercial office positioning and provides a defined framework for future ownership or occupancy planning.
The site fronts the S Washington Avenue/US-1 corridor in Titusville, near Downtown Titusville and area employers including Kennedy Space Center. CC zoning supports its commercial office positioning and provides a defined framework for future ownership or occupancy planning.
Key Highlights
- Two separate buildings totaling 2532 SF
- Approximately 1,020 SF rear building has been renovated
- 0.34‑acre commercial parcel
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
$34,455
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
4.96%
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%
$689,100
$689.1K
Cap Rate 7%
$492,214
$492.2K
Cap Rate 9%
$382,833
$382.8K
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
$54.7K $21.60/SF
− Vacancy
−$8.8K −$3.46/SF
EGI
$45.9K $18.14/SF
− OpEx
−$11.5K −$4.54/SF
NOI
$34.5K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /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%
$689,100
Cap Rate 7%
$492,214
Cap Rate 9%
$382,833
Alternative Uses
Best Use
Office B
$492.2K
$430.7K – $574.3K
NOI $34,455 @ 7.0% cap · market cap 4.96%
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
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
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 Office 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?
Office building - CC-zoned commercial property with a renovated secondary building and central air conditioning.
Where is this office building located?
The property is located at 1700 S WASHINGTON Avenue 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: Two separate buildings totaling 2532 SF; Approximately 1,020 SF rear building has been renovated; 0.34‑acre commercial parcel
