Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Suitable for Multi-Family Development Title is generated by Realmo AI

    2080 Columbia Boulevard, Titusville, FL 32780

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land with development potential near Walmart, owner financing available.

    Type:Land, Multifamily
    Added:
    Mar 17, 2024
    Days on Market:
    806
    Last Refresh:
    May 12 at 10:18 pm

    Property Features for 2080 Columbia Boulevard

    General Information

    Standard status
    Active
    Property subtype
    Land, Multifamily

    We can help!

    Listing Contact
    GISSOU SHAHINFAR

    Listing agent GISSOU SHAHINFAR

    Listing office All Way Realty Inc

    Listing date Mar 17, 2024

    Source Crexi

    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 All Way Realty Inc

    HighLights

    • Owner financing available
    • Great location for condo, townhouse, or apartments development
    • Zoning allows for 15 units/acre if annexed into Titusville
    • Comprehensive plan allows for 15 units/acre
    • Water and sewer access across the street
    • Conveniently located within 1 mile of Walmart

    Overview

    This property presents a development opportunity for condos, townhouses, or apartments. The location is within one mile of a Walmart. The current zoning, if annexed in Titusville, allows for 15 units per acre, matching the comprehensive plan's allowance of 15 units per acre. Water and sewer services are located across the street. The property could potentially accommodate a total of 174 units. Owner financing is available. Buyers are advised to conduct their own feasibility study.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Nail Salon Auto Parts Store Department Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store Tech Support Center Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.825865
    Latitude
    28.540144

    Nearby Similar for Sale

    • $310,000
      3,091 SF

      Prime Retail Opportunity in TITUSVILLE

      Spacious shopping center unit with high visibility and endless potential.
      1909 KNOX MCRAE DRIVE, TITUSVILLE, FL 32780
      View Details
    • $550,000
      5,486 SF

      Spacious Retail Opportunity in Titusville

      Expansive shopping center unit with high visibility and ample parking.
      1889 KNOX MCRAE DRIVE, TITUSVILLE, FL 32780
      View Details
    • $725,000
      2,800 SF

      Titusville Retail Building For Sale

      Stand-alone retail building on a corner lot with ample parking.
      2916 S WASHINGTON AVENUE, TITUSVILLE, FL 32780
      View Details
    • $630,000
      1,866 SF

      Titusville Commercial Property For Sale

      Highly visible commercial property with functional layout in Titusville, Florida.
      503 CHENEY HIGHWAY, TITUSVILLE, FL 32780
      View Details
    • $3,000,000
      9,436 SF

      Established Academy on Knox McRae

      Fully operational academy with real estate in Titusville, Florida.
      1330 KNOX MC RAE DRIVE, TITUSVILLE, FL 32780
      View Details
    • $770,000
      7,683 SF

      Spacious Titusville Retail Opportunity

      Expansive shopping center unit with high visibility and endless potential.
      1931 KNOX MCRAE DRIVE, TITUSVILLE, FL 32780
      View Details
    • $175,000
      1,728 SF

      Spacious Retail Opportunity in Titusville

      Expansive shopping center unit with high visibility and access.
      1881 KNOX MCRAE DRIVE, TITUSVILLE, FL 32780
      View Details
    • $4,900,000
      47,179 SF

      Versatile Titusville Commercial Space

      47,000+ sq ft mixed-use space for sale in Titusville.
      1923 KNOX MCRAE DRIVE, TITUSVILLE, FL 32780
      View Details
    • $65,000
      1,280 SF

      Titusville Office on Corner Lot

      Office property on a corner lot in Titusville, Florida.
      929 S DELEON AVENUE, TITUSVILLE, FL 32780
      View Details
    • $750,000
      5,352 SF

      Spacious Medical Office Near Parrish

      Move-in ready medical office near Parrish Medical Center.
      1855 JESS PARRISH COURT, TITUSVILLE, FL 32796
      View Details
    • $7,000,000
      18,151 SF

      Cleared Land on Busy Corridor

      Almost 7 acres of cleared land near established businesses.
      8251 WINDOVER WAY, TITUSVILLE, FL 32780
      View Details
    • $239,000
      1,324 SF

      Titusville Office: Turnkey & Modern

      Well-maintained Titusville office space with modern updates and flexible zoning.
      2314 S Hopkins Avenue, Titusville, FL 32780
      View Details

    FAQs

    What type of property is this?
    Land - Land with development potential near Walmart, owner financing available.
    Where is this land located?
    The property is located at 2080 Columbia Boulevard Titusville, FL.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: Owner financing available; Great location for condo, townhouse, or apartments development; Zoning allows for 15 units/acre if annexed into Titusville
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    GISSOU SHAHINFAR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2080 Columbia Boulevard, Titusville, FL 32780
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!