Multi-Suite Office
For Sale
$740,000
407 S Washington Avenue 1, Titusville, FL 32796
Flexible professional property with independent suites, parking, and a configured physician office component.
Property Size5,100 SF
Price / SF$144.45
Days on Market98
Property Features for 407 S Washington Avenue 1
General Information
Standard status
Active
Size
5,100 SF
Additional Details
Road Access
Yes
Office Units
3
Amenities
acoustic drop ceilings
kitchenette
ramp access
Building Details
Building Size
5,100 SF
Listing Agency:
Coldwell Banker Paradise
(321) 222-9449
Listed By:
Tami Leliuga · License #686160
(321) 863-2233
Source:
Startbrevardsearch
Added: Jul 10
Changed: Oct 13
Last Checked: Oct 14 at 10:54PM
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 Coldwell Banker Paradise
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Investment Insights
Based on property information with market context.
This 5,123-square-foot office building contains three independently usable areas with shared doorways that allow the suites to connect when needed. The approximately 700-square-foot front suite includes an open reception or showroom area, two offices, a restroom, kitchenette, and updated flooring. An approximately 1,700-square-foot rear suite offers open workspace with ramp access. The physician suite spans more than 2,300 square feet and includes a lobby, reception area, several offices, five exam rooms, two restrooms, and a kitchen area.
Positioned along US-1 at 407 S Washington Avenue, the property provides front and rear parking. Roof and all four HVAC units were replaced in 2026. Acoustic drop ceilings are installed throughout. The physician suite is subject to the seller’s stated lease-back plan, while the other areas provide additional occupancy flexibility for an owner-user or investor.
Positioned along US-1 at 407 S Washington Avenue, the property provides front and rear parking. Roof and all four HVAC units were replaced in 2026. Acoustic drop ceilings are installed throughout. The physician suite is subject to the seller’s stated lease-back plan, while the other areas provide additional occupancy flexibility for an owner-user or investor.
Key Highlights
- 5,123 SF office building with three independently usable areas
- Approximately 700 SF front suite with reception/showroom, 2 offices, restroom, kitchenette, and updated flooring
- Approximately 1,700 SF rear suite with open layout and ramp access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,476
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,289,520
$1.3M
Cap Rate 7%
$921,086
$921.1K
Cap Rate 9%
$716,400
$716.4K
Market Conditions
NOI Build-Up for 5,123 SF
Gross rent
$116.8K $22.80/SF
− Vacancy
−$9.3K −$1.82/SF
EGI
$107.5K $20.98/SF
− OpEx
−$43.0K −$8.39/SF
NOI
$64.5K $12.59/SF
Area
Brevard County, FL
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,289,520
Cap Rate 7%
$921,086
Cap Rate 9%
$716,400
Alternative Uses
Best Use
Office B
$995.9K
$871.4K – $1.16M
NOI $69,714 @ 7.0% cap · market cap 9.42%
Second Best
Healthcare Medical
$921.1K
$806.0K – $1.07M
NOI $64,476 @ 7.0% cap · market cap 8.71%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,612 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,094
Businesses Nearby
Explore this area
Business Placement
Demographics for 32796, FL
20,818
Population
9,670
Households
2.2
Avg Household Size
50
Median Age
28%
College-Educated
90%
High-School Grad
14.4 sq mi
ZIP Area
1,446
Density / Sq Mi
$67,399
Median Household Income
$40,368
Median Earnings
$1,305
Median Rent
$243,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Flexible professional property with independent suites, parking, and a configured physician office component.
Where is this office building located?
The property is located at 407 S Washington Avenue 1 Titusville, FL.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: 5,123 SF office building with three independently usable areas; Approximately 700 SF front suite with reception/showroom, 2 offices, restroom, kitchenette, and updated flooring; Approximately 1,700 SF rear suite with open layout and ramp access
