219 Indian River Avenue Titusville, FL 32796
Corner office building with existing drive-thru features, vault, and two floors for owner-user or tenant use.
- Added:
- Jun 24, 2026
- Days on Market:
- 21
- Last Refresh:
- Jun 27 at 5:33 am
Property Features for 219 Indian River Avenue
General Information
- Standard status
- Active
- Size
- 15,578 SF
- Lot size
- 2.13 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1962
Listing office Rocket City Commercial, Brokered by eXp Commercial (407) 929-8009
Listing date Jun 24, 2026
Source 7s
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
Investment Insights
Based on property information with market context.
The property is located in Downtown Titusville at the corner of Indian River Avenue and Broad Street, overlooking the Indian River. This corner placement supports high local visibility and straightforward customer access for office-focused operations.
For tenants, the existing configuration supports both private office needs and team-oriented work areas, while the maintained drive-thru and bank layout can help accommodate businesses seeking a more specialized facility. For owner-users or investors, the combination of a ready first floor and an occupied second floor provides flexibility for expansion or continued income from an existing tenancy, depending on the next owner’s objectives.
Key Highlights
- 15,578± SF former bank building on 2.13± acres at the corner of Indian River Avenue and Broad Street, overlooking the Indian River
- First floor: 7,032± SF with drive‑thru windows, vault, and teller stations still in place
- First floor layout includes 6 enclosed offices, multiple open workstations, and large collaborative areas
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $336.5k | $21.60 |
| − Vacancy | −$53.8k | −$3.46 |
| EGI | $282.6k | $18.14 |
| − OpEx | −$70.7k | −$4.54 |
| NOI | $212.0k | $13.61 |
