10-Unit Apartment
For Sale
$1,299,900
2755 BARNA Avenue, Titusville, FL 32780
Commercial Sale, TITUSVILLE, FL
Property Size10,308 SF
Lot Size0.53 Acres
Price / SF$126.11
Days on Market14
Property Features for 2755 BARNA Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R3
Lot features
City Limits
Directions
US#1 to west on Harrison St. At intersection of Barna Ave and Harrison, turn left onto Barna Ave. Units will be on your left side just behind the plaza.
Subdivision
32780 - Titusville
Standard status
Active
APN
22 3516-00-39
Size
10,308 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PART OF NW 1/4 OF NE 1/4 LYING E OF BARNA AVE AS DES IN ORB 2449 PG 2900 EXC ORB 3078 PG 2327 & S 75 FT
Tax Annual Amount
1526
Legal Description
PART OF NW 1/4 OF NE 1/4 LYING E OF BARNA AVE AS DES IN ORB 2449 PG 2900 EXC ORB 3078 PG 2327 & S 75 FT
Utilities
Cooling system
Central Air
Building Details
Year built
1986
Floors in Building
2
Number of units
10
Building materials
Stucco, Frame
Roof type
Shingle
Listing Agency:
MUTTER REALTY · Real Living
(321) 269-9855
Listed By:
James Mutter · License #3218212
(321) 269-9855
Added: Aug 12
Changed: Aug 24
Last Checked: Aug 25 at 4:06AM
MLS# O6433034
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 2755 Barna Avenue in Titusville, this 10-unit apartment property contains 10,308 square feet on a 0.53-acre parcel. The unit mix includes four 3-bedroom residences and six 2-bedroom residences, with both ground-level and upstairs layouts. Units are single-level and served by central air conditioning.
Built in 1986, the building has stucco and frame construction, along with a shingle roof. Open parking is available for tenants and guests. The property is zoned R3 and sits near shopping and everyday services in Titusville, providing a residential setting with convenient access to central town amenities.
Built in 1986, the building has stucco and frame construction, along with a shingle roof. Open parking is available for tenants and guests. The property is zoned R3 and sits near shopping and everyday services in Titusville, providing a residential setting with convenient access to central town amenities.
Key Highlights
- 10,308‑square‑foot apartment property on 0.53 acres
- 10 units: four 3‑bedroom and six 2‑bedroom residences
- Single‑level layouts with ground‑level 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
Lease Details
10
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - R3-zoned apartment property with central air, open parking, and a mix of ground-level and upstairs residences.
Where is this apartment building located?
The property is located at 2755 BARNA Avenue 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: 10,308‑square‑foot apartment property on 0.53 acres; 10 units: four 3‑bedroom and six 2‑bedroom residences; Single‑level layouts with ground‑level and upstairs units
