Two-Story Office
New
For Sale
$265,000
1707 S WASHINGTON AVENUE #4, Titusville, FL 32780
Flexible office layout includes reception, private offices, cubicle areas and a break room.
Property Size1,562 SF
Price / SF$169.65
Days on Market7
Property Features for 1707 S WASHINGTON AVENUE #4
General Information
Standard status
Active
Size
1,562 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
1-2
Office Units
1
Building Details
Year Built
1983
Buildings
1
Stories
2
Listing Agency:
MUTTER REALTY
(321) 269-9855
Listed By:
James Mutter · License #3218212
(321) 501-0290
Source:
Dennisrealty
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 16 at 8:48AM
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
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Investment Insights
Based on property information with market context.
This 1,562-square-foot office condominium spans two floors and was built in 1983. The lower level has a reception area, an office and two cubicle spaces. Upstairs are a private office, a break room and a larger office area, offering a range of workspace configurations.
The property is on US 1 in Titusville, with access from the roadway. Parking includes open spaces on the north side and two assigned covered spaces behind the building. The monthly HOA fee covers water, sewer, trash, exterior maintenance and property insurance. Traffic is estimated at more than 24,000 vehicles per day.
The property is on US 1 in Titusville, with access from the roadway. Parking includes open spaces on the north side and two assigned covered spaces behind the building. The monthly HOA fee covers water, sewer, trash, exterior maintenance and property insurance. Traffic is estimated at more than 24,000 vehicles per day.
Key Highlights
- 1,562‑square‑foot office condo with a two‑level layout
- Lower floor includes reception, an office area and two cubicle spaces
- Upper level has a private office, break room and larger office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,256
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,120
$425.1K
Cap Rate 7%
$303,657
$303.7K
Cap Rate 9%
$236,178
$236.2K
Market Conditions
NOI Build-Up for 1,562 SF
Gross rent
$33.7K $21.60/SF
− Vacancy
−$5.4K −$3.46/SF
EGI
$28.3K $18.14/SF
− OpEx
−$7.1K −$4.54/SF
NOI
$21.3K $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 Rate 5%
$425,120
Cap Rate 7%
$303,657
Cap Rate 9%
$236,178
Alternative Uses
Best Use
Office B
$303.7K
$265.7K – $354.3K
NOI $21,256 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$412.1K
$360.6K – $480.8K
NOI $28,847 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Flexible office layout includes reception, private offices, cubicle areas and a break room.
Where is this office units located?
The property is located at 1707 S WASHINGTON AVENUE #4 Titusville, FL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,562‑square‑foot office condo with a two‑level layout; Lower floor includes reception, an office area and two cubicle spaces; Upper level has a private office, break room and larger office area
