10-Unit Apartment
For Sale
$1,299,900
2755 Barna Ave, Titusville, FL 32780
Single-level residences include ground-floor and upstairs units near shopping and everyday conveniences.
Property Size10,308 SF
Price / SF$126.11
Days on Market12
Property Features for 2755 Barna Ave
General Information
Standard status
Active
Size
10,308 SF
Building Details
Year Built
1986
Listing Agency:
MUTTER REALTY
(321) 269-9855
Listed By:
James Mutter · License #BK3218212
Source:
Livewelltampabay
Added: Aug 19
Changed: Aug 30
Last Checked: Aug 30 at 2:57AM
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 MUTTER REALTY
Investment Insights
Based on property information with market context.
Built in 1986, this apartment property contains 10 units totaling 10,308 square feet. The unit mix includes four 3-bedroom residences and six 2-bedroom residences, with single-level layouts distributed between ground-floor and upstairs placements. Open parking serves residents and guests, while the property does not include on-site amenities.
The complex is located at 2755 Barna Ave in Titusville, near shopping and everyday conveniences. Its configuration combines multiple unit sizes with both ground-level and elevated access within one residential income property.
The complex is located at 2755 Barna Ave in Titusville, near shopping and everyday conveniences. Its configuration combines multiple unit sizes with both ground-level and elevated access within one residential income property.
Key Highlights
- 10‑unit apartment property totaling 10,308 square feet
- Unit mix includes four 3‑bedroom units and six 2‑bedroom units
- Single‑level layouts with ground‑floor and upstairs units
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
$105,519
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
8.12%
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%
$2,110,380
$2.1M
Cap Rate 7%
$1,507,414
$1.5M
Cap Rate 9%
$1,172,433
$1.2M
Market Conditions
NOI Build-Up for 10,308 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
$204.1K $19.80/SF
− Vacancy
−$12.2K −$1.19/SF
EGI
$191.9K $18.61/SF
− OpEx
−$86.3K −$8.38/SF
NOI
$105.5K $10.24/SF
Area
Brevard County, FL
Vacancy
6.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$2,110,380
Cap Rate 7%
$1,507,414
Cap Rate 9%
$1,172,433
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,519 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,368 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
280
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Single-level residences include ground-floor and upstairs units near shopping and everyday conveniences.
Where is this apartment building located?
The property is located at 2755 Barna Ave Titusville, FL.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: 10‑unit apartment property totaling 10,308 square feet; Unit mix includes four 3‑bedroom units and six 2‑bedroom units; Single‑level layouts with ground‑floor and upstairs units
