4-Unit Mixed-Use
21 MAIN ST, Titusville, FL 32796
For Sale
$2,750,000
Two buildings include remodeled apartments above the first-floor space, with month-to-month tenants in place.
Property Size13,860 SF
Price / SF$198.41
Days on Market155
Property Features for 21 MAIN ST
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
COMMERCIAL REAL ESTATE PROF IN
Listed By:
Mark Allen · License FL #3231641
(407) 737-9797
Source:
Daillandrealestate
Added: Jun 11
Changed: Nov 10
Last Checked: Nov 12 at 7:49AM
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 COMMERCIAL REAL ESTATE PROF IN
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Investment Insights
Based on property information with market context.
This mixed-use property comprises two buildings at 21 and 25 Main Street. The 1924 building at 21 Main Street has two fully remodeled apartments on its second floor; the 25 Main Street building also has two remodeled upstairs apartments. Month-to-month tenants are in place. Both buildings have received updates to their roofs, electrical systems, lighting, flooring, and interior and exterior finishes. Six AC units are included, and the brick exterior has been painted and sealed.
Windows were replaced in 2020, and the buildings have been treated for termites. Rear access is handicap accessible.
Windows were replaced in 2020, and the buildings have been treated for termites. Rear access is handicap accessible.
Key Highlights
- Two‑building mixed‑use property with four remodeled upstairs apartments
- Month‑to‑month tenants in place
- 1924 construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$200,307
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,006,140
$4.0M
Cap Rate 7%
$2,861,529
$2.9M
Cap Rate 9%
$2,225,633
$2.2M
Market Conditions
NOI Build-Up for 13,860 SF
Gross rent
$307.7K $22.20/SF
− Vacancy
−$21.5K −$1.55/SF
EGI
$286.2K $20.65/SF
− OpEx
−$85.8K −$6.19/SF
NOI
$200.3K $14.45/SF
Area
Brevard County, FL
Vacancy
7.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,006,140
Cap Rate 7%
$2,861,529
Cap Rate 9%
$2,225,633
Alternative Uses
Best Use
Retail
$2.86M
$2.50M – $3.34M
NOI $200,307 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$2.03M
$1.77M – $2.36M
NOI $141,879 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$4.04M
$3.54M – $4.72M
NOI $282,910 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,094
Businesses Nearby
49k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 23%
Groceries 11%
Apparel 4%
Cumberland Farms
Shops & Services
21,149 visits/mo
0.3 miles
Burger King
Dining
9,730 visits/mo
0.2 miles
7-Eleven
Shops & Services
6,355 visits/mo
0.2 miles
Save-A-Lot
Groceries
5,661 visits/mo
0.2 miles
Surf Style
Apparel
2,032 visits/mo
0.3 miles
Demographics for 32796, FL
20,818
Population
9,670
Households
2.2
Avg Household Size
50
Median Age
28%
College-Educated
90%
High-School Grad
14.4 sq mi
ZIP Area
1,446
Density / Sq Mi
$67,399
Median Household Income
$40,368
Median Earnings
$1,305
Median Rent
$243,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Brevard County, FL
Properties on Market for Mixed-use properties in Brevard County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings include remodeled apartments above the first-floor space, with month-to-month tenants in place.
Where is this mixed-use property located?
The property is located at 21 MAIN ST Titusville, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Two‑building mixed‑use property with four remodeled upstairs apartments; Month‑to‑month tenants in place; 1924 construction
