Standalone Corner Retail
For Sale
$725,000
2916 S WASHINGTON Avenue, Titusville, FL 32780
Commercial Sale, TITUSVILLE, FL
Property Size2,800 SF
Lot Size0.37 Acres
Price / SF$258.93
Days on Market139
Property Features for 2916 S WASHINGTON Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
CC
Subdivision
INDIAN RIVER RESID LTS
Directions
Located directly off S Washington Ave in Titusville, Fl
Standard status
Active
APN
22 3515-06-5-2
Size
2,800 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
INDIAN RIVER RESIDENCE LOTS LOT 2 AS DES IN ORB 688 PG 598 BLK 5
Tax Annual Amount
5542
Legal Description
INDIAN RIVER RESIDENCE LOTS LOT 2 AS DES IN ORB 688 PG 598 BLK 5
Utilities
Cooling system
Central Air
Building Details
Year built
1967
Floors in Building
1
Building materials
Block
Listing Agency:
COMMERCIAL REAL ESTATE PROF IN
Listed By:
Mark Allen
(407) 737-9797
Added: Apr 28
Changed: Aug 26
Last Checked: Sep 13 at 8:06PM
MLS# O6403293
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.
This standalone storefront property occupies a 0.37-acre corner lot in Titusville. The building features block construction, central air, and a parking area serving the site. Its commercial zoning is identified as CC, and the property includes frontage along S Washington Avenue.
Built in 1967, the building offers an established retail format with a prominent corner position at 2916 S Washington Avenue. The property is located in Titusville, Florida, within Brevard County and ZIP code 32780.
Built in 1967, the building offers an established retail format with a prominent corner position at 2916 S Washington Avenue. The property is located in Titusville, Florida, within Brevard County and ZIP code 32780.
Key Highlights
- Standalone retail building on a 0.37‑acre corner lot
- CC commercial zoning
- Block construction with central air
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
$32,281
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
4.45%
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%
$645,620
$645.6K
Cap Rate 7%
$461,157
$461.2K
Cap Rate 9%
$358,678
$358.7K
Market Conditions
NOI Build-Up for 2,800 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
$50.4K $18.00/SF
− Vacancy
−$4.3K −$1.53/SF
EGI
$46.1K $16.47/SF
− OpEx
−$13.8K −$4.94/SF
NOI
$32.3K $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%
$645,620
Cap Rate 7%
$461,157
Cap Rate 9%
$358,678
Alternative Uses
Best Use
Retail
$461.2K
$403.5K – $538.0K
NOI $32,281 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$738.7K
$646.4K – $861.8K
NOI $51,710 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
631
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail 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?
Storefront property - Block construction, central air, and commercial zoning support a range of storefront operations.
Where is this storefront property located?
The property is located at 2916 S WASHINGTON Avenue Titusville, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Standalone retail building on a 0.37‑acre corner lot; CC commercial zoning; Block construction with central air
