10-Unit Apartment
New
For Sale
$1,299,900
2755 BARNA, Titusville, FL 32780
Single-level residences offer a mix of ground-floor and upstairs layouts with open parking.
Property Size10,308 SF
Days on Market3
Property Features for 2755 BARNA
General Information
Standard status
Active
Size
10,308 SF
Property subtype
Investment
Units
Unit Mix
4 x 3BR, 6 x 2BR
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$1,525
Building Details
Building Size
10,308 SF
Year Built
1986
Units
10
Listing Agency:
28SIX Property Management
(321) 269-9855
Listed By:
James Mutter · License #3594768
(321) 269-9855
Source:
Elliman
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 14 at 5:11AM
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 28SIX Property Management
Investment Insights
Based on property information with market context.
Located at 2755 Barna in Titusville, this 10-unit apartment property was built in 1986. The unit mix includes four 3-bedroom residences and six 2-bedroom residences, providing two established floor-plan options within the complex.
Each residence is arranged on a single level, with units positioned at both ground level and upstairs. Open parking serves residents and guests, while the property is situated near shopping and daily conveniences. The complex does not include on-site amenities. WalkScore is 33 and BikeScore is 37.
Each residence is arranged on a single level, with units positioned at both ground level and upstairs. Open parking serves residents and guests, while the property is situated near shopping and daily conveniences. The complex does not include on-site amenities. WalkScore is 33 and BikeScore is 37.
Key Highlights
- 10‑unit apartment property built in 1986
- Unit mix includes four 3‑bedroom and six 2‑bedroom residences
- Single‑level units are arranged at ground level and upstairs
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
208
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 offer a mix of ground-floor and upstairs layouts with open parking.
Where is this apartment building located?
The property is located at 2755 BARNA 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 built in 1986; Unit mix includes four 3‑bedroom and six 2‑bedroom residences; Single‑level units are arranged at ground level and upstairs
