Retail Building on Highway
For Sale
$1,950,000
2300 S Washington Avenue TITUSVILLE, Titusville, FL 32780
Retail building with US Highway 1 frontage, positioned near established retail and entertainment anchors.
Property Size11,854 SF
Price / SF$181.73
Days on Market40
Property Features for 2300 S Washington Avenue TITUSVILLE
General Information
Standard status
Active
Size
11,854 SF
Zoning
CC
Taxes and HOA fees
Annual Taxes
$10,288
Amenities
Concrete
true
1
Appraiser
Public
39204
0.9
false
Over 30 Spaces
Asphalt,Paved
Block
City Street,Highway,Interstate
11854
Public Maintained Road
Building Details
Building Size
11,854 SF
Year Built
1959
Buildings
1
Stories
1
Listing Agency:
(904) 569-5862
Listed By:
Kashira Francis
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 1
Changed: Aug 8
Last Checked: Aug 8 at 2:49AM
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 Kashira Francis
Investment Insights
Based on property information with market context.
This for-sale retail property offers a 10,730-square-foot building designed to be adapted for a new tenant or owner. The site includes US Highway 1 frontage on a parcel described as nearly 0.9 acres, providing a straightforward commercial presence for showroom, storefront, or similar retail uses.
The property is located directly on US Highway 1 and is noted as being one block from New Titus Landing. That nearby center includes anchor-style front stores and tenants such as Hobby Lobby, Chipotle, Fire House Subs, Tuesday Morning, and Bealls, along with Epic Theatres.
Given the direct highway exposure and the concentration of destination retail and entertainment in the immediate area, this space may fit a retailer looking for prominent visibility and convenient customer access in a developed commercial setting. The property is also described as suitable for supporting additional outparcel development in connection with the surrounding businesses.
The property is located directly on US Highway 1 and is noted as being one block from New Titus Landing. That nearby center includes anchor-style front stores and tenants such as Hobby Lobby, Chipotle, Fire House Subs, Tuesday Morning, and Bealls, along with Epic Theatres.
Given the direct highway exposure and the concentration of destination retail and entertainment in the immediate area, this space may fit a retailer looking for prominent visibility and convenient customer access in a developed commercial setting. The property is also described as suitable for supporting additional outparcel development in connection with the surrounding businesses.
Key Highlights
- 0.9‑acre retail site with direct US Hwy 1 frontage
- Single‑story building with 11,854 total building area and concrete flooring
- 1959 build with block foundation and asphalt/paved road surface
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
$123,706
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
6.34%
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%
$2,474,120
$2.5M
Cap Rate 7%
$1,767,229
$1.8M
Cap Rate 9%
$1,374,511
$1.4M
Market Conditions
NOI Build-Up for 10,730 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
$193.1K $18.00/SF
− Vacancy
−$16.4K −$1.53/SF
EGI
$176.7K $16.47/SF
− OpEx
−$53.0K −$4.94/SF
NOI
$123.7K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,474,120
Cap Rate 7%
$1,767,229
Cap Rate 9%
$1,374,511
Alternative Uses
Best Use
Retail
$1.77M
$1.55M – $2.06M
NOI $123,706 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,162 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with US Highway 1 frontage, positioned near established retail and entertainment anchors.
Where is this storefront property located?
The property is located at 2300 S Washington Avenue TITUSVILLE Titusville, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 0.9‑acre retail site with direct US Hwy 1 frontage; Single‑story building with 11,854 total building area and concrete flooring; 1959 build with block foundation and asphalt/paved road surface
