Residential Income Property with
For Sale
$129,900
1795 Harrison Street, Titusville, FL 32780
Residential Income, Titusville, FL
Property Size915 SF
Lot Size0.05 Acres
Price / SF$141.97
Days on Market102
Property Features for 1795 Harrison Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
Parking features
Off Street, Assigned
Exterior features
Balcony
Appliances
Washer, Refrigerator, Microwave, Electric Range, Dryer, Disposal, Dishwasher
Subdivision
Village Square
View
City
Directions
From I-95, go east on Garden St to right on S Park Ave to left on Barna Ave to right on Harrison St. Village Square is on the left. Building 1795 is all the way straight back from entrance.
Standard status
Active
APN
22-35-16-00-00047.4-0000.00
Size
915 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VILLAGE SQUARE OF TITUSVILLE CONDO PH II UNIT 215 VILLAGE SQUARE OF TITUSVILLE CONDO PH II AS DESC IN ORB 2548 PG 1066 AND ALL AMENDMENTS THERETO.
Tax Annual Amount
1983
HOA Fee
$335 Monthly
Legal Description
VILLAGE SQUARE OF TITUSVILLE CONDO PH II UNIT 215 VILLAGE SQUARE OF TITUSVILLE CONDO PH II AS DESC IN ORB 2548 PG 1066 AND ALL AMENDMENTS THERETO.
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
pool
clubhouse
Building Details
Year built
1984
Floors in Building
1
Number of units
1
Flooring type
Laminate, Carpet, Tile
Building materials
Frame, Stucco
Roof type
Shingle
Listing Agency:
Adams, Cameron & Co., Realtors
(386) 677-7966
Listed By:
Scott Skare · License #3124017
(407) 702-9788
Added: May 29
Changed: Aug 20
Last Checked: Sep 7 at 6:06PM
MLS# 1227010
Copyright © 2026 Daytona Beach Area Association of Realtors. 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 915-square-foot, two-bedroom, two-bath condominium was built in 1984 and includes a balcony, assigned and off-street parking, central air, electric heat, and public water and sewer. Recent bathroom improvements include updated vanities, mirrors, lighting, toilets, tile, and a shower designed with accessibility in mind, while the second bath includes a deep bathtub. The residence also has a washer, dryer, refrigerator, microwave, electric range, disposal, and dishwasher.
A tenant is secured through April 30, 2027, with a stated 6.6 percent cap rate. The community provides a pool and clubhouse. Winn-Dixie is directly across Harrison Street, with Bank of America and Walgreens nearby. US-1, Titus Landing shopping center, local diners, and SpaceX launch views are identified within the surrounding area.
A tenant is secured through April 30, 2027, with a stated 6.6 percent cap rate. The community provides a pool and clubhouse. Winn-Dixie is directly across Harrison Street, with Bank of America and Walgreens nearby. US-1, Titus Landing shopping center, local diners, and SpaceX launch views are identified within the surrounding area.
Key Highlights
- 915‑square‑foot 2‑bedroom, 2‑bath condominium
- Tenant in place through 4/30/2027
- 6.6 percent Cap Rate
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
$9,366
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
7.21%
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%
$187,320
$187.3K
Cap Rate 7%
$133,800
$133.8K
Cap Rate 9%
$104,067
$104.1K
Market Conditions
NOI Build-Up for 915 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
$18.1K $19.80/SF
− Vacancy
−$1.1K −$1.19/SF
EGI
$17.0K $18.61/SF
− OpEx
−$7.7K −$8.38/SF
NOI
$9.4K $10.24/SF
Area
Brevard County, FL
Vacancy
6.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$187,320
Cap Rate 7%
$133,800
Cap Rate 9%
$104,067
Alternative Uses
Best Use
Apartment 5plus
$133.8K
$117.1K – $156.1K
NOI $9,366 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$241.4K
$211.2K – $281.6K
NOI $16,898 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
250
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium offers an in-place tenant, renovated bathrooms, community amenities, and convenient access to everyday retail.
Where is this residential income property located?
The property is located at 1795 Harrison Street Titusville, FL.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: 915‑square‑foot 2‑bedroom, 2‑bath condominium; Tenant in place through 4/30/2027; 6.6 percent Cap Rate
