US1 Retail/Office
For Sale
$1,200,000
2110 S Washington Ave, Titusville, FL 32780
3200+ SF commercial building on US1, versatile layout.
Property Size3,256 SF
Price / SF$368.55
Days on Market1045
Property Features for 2110 S Washington Ave
General Information
Standard status
Active
Size
3,256 SF
Zoning
CC
Listing Agency:
Rocket City Commercial, Brokered by eXp Commercial
Listed By:
Lisa Earnhardt · License #• SL3439689
(407) 929-8009
Source:
Expcommercial
Added: Dec 19, 2023
Changed: Oct 26
Last Checked: Oct 28 at 4:39AM
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 Rocket City Commercial, Brokered by eXp Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on a corner parcel, this commercial building offers approximately 3200 square feet of space. Situated directly on US 1 in the center of town, the property benefits from high traffic counts exceeding 25,000 vehicles per day. Currently configured for multiple tenants, the versatile layout and plentiful windows spanning the front half of the building offer potential for conversion to suit various needs. The property could also be redeveloped. This property is suitable for retail or office use.
Key Highlights
- Direct US1 retail/office location with high traffic count (25,000+).
- Versatile 3200 +/- SF commercial building.
- Corner parcel location.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,308
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,160
$886.2K
Cap Rate 7%
$632,971
$633.0K
Cap Rate 9%
$492,311
$492.3K
Market Conditions
NOI Build-Up for 3,256 SF
Gross rent
$70.3K $21.60/SF
− Vacancy
−$11.3K −$3.46/SF
EGI
$59.1K $18.14/SF
− OpEx
−$14.8K −$4.54/SF
NOI
$44.3K $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%
$886,160
Cap Rate 7%
$632,971
Cap Rate 9%
$492,311
Alternative Uses
Best Use
Office B
$633.0K
$553.9K – $738.5K
NOI $44,308 @ 7.0% cap · market cap 3.69%
Second Best
Mixed Use
$539.7K
$472.2K – $629.6K
NOI $37,778 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$859.0K
$751.7K – $1.00M
NOI $60,132 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
486
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - 3200+ SF commercial building on US1, versatile layout.
Where is this mixed-use property located?
The property is located at 2110 S Washington Ave Titusville, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Direct US1 retail/office location with high traffic count (25,000+).; Versatile 3200 +/- SF commercial building.; Corner parcel location.
