Renovated Warehouse in Growing
For Sale
$1,299,000
424 S DE LEON Ave, Titusville, FL 32796
Renovated warehouse on nearly one acre in prime commercial district.
Property Size7,773 SF
Lot Size0.96 Acres
Price / SF$167.12
Days on Market239
Property Features for 424 S DE LEON Ave
General Information
Standard status
Active
Size
7,773 SF
Lot size
0.96 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$5,650
Building Details
Building Size
7,773 SF
Year Built
1965
Stories
1
Listing Agency:
FLOTACAL
Listed By:
Magdalena Cabral · License #601005
(407) 230-5632
Source:
Elliman
Added: Mar 10
Changed: Oct 26
Last Checked: Nov 1 at 5:57AM
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 FLOTACAL
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Investment Insights
Based on property information with market context.
This newly renovated 7773 sq. ft. warehouse is situated on nearly one acre in a prime Commercial Industrial District, located minutes from the ocean and downtown Titusville. The property offers exceptional accessibility and ample land suitable for parking and future expansion. The flexible layout is suitable for a variety of commercial, industrial, or storage uses. Titusville is experiencing rapid growth due to major public and private initiatives. The City is expanding its citywide broadband fiber-optic network, enhancing high-speed connectivity and supporting modern business operations. Significant nearby developments include multiple large-scale multifamily projects and the 22-acre mixed-use redevelopment of a former mall site, now known as Titusville Resort & Destination, located just a few blocks from the warehouse. This $240 million project will feature new apartments, a hotel, and multiple commercial establishments, bringing substantial economic activities to the area. The City is also investing heavily in ongoing infrastructure improvements, including roadway upgrades, enhanced utilities, and storm water system improvements, further strengthening the long-term value of the surrounding areas. With Titusville's accelerated growth and expanding infrastructure, this property represents a timely and strategic investment, with strong appreciation potential and an increasing demand for commercial and industrial space.
Key Highlights
- Prime location in a rapidly growing Commercial Industrial District, minutes from the ocean and downtown Titusville.
- Large 7773 sq. ft. newly renovated warehouse on nearly one acre.
- Ample land for parking and future expansion.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,557
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,140
$1.1M
Cap Rate 7%
$765,100
$765.1K
Cap Rate 9%
$595,078
$595.1K
Market Conditions
NOI Build-Up for 7,773 SF
Gross rent
$65.3K $8.40/SF
− Vacancy
−$2.3K −$0.29/SF
EGI
$63.0K $8.11/SF
− OpEx
−$9.5K −$1.22/SF
NOI
$53.6K $6.89/SF
Area
Brevard County, FL
Vacancy
3.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,140
Cap Rate 7%
$765,100
Cap Rate 9%
$595,078
Alternative Uses
Best Use
Warehouse
$765.1K
$669.5K – $892.6K
NOI $53,557 @ 7.0% cap · market cap 4.12%
Second Best
Industrial
$678.6K
$593.8K – $791.7K
NOI $47,501 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,552 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,240
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Renovated warehouse on nearly one acre in prime commercial district.
Where is this warehouse located?
The property is located at 424 S DE LEON Ave Titusville, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Prime location in a rapidly growing Commercial Industrial District, minutes from the ocean and downtown Titusville.; Large 7773 sq. ft. newly renovated warehouse on nearly one acre.; Ample land for parking and future expansion.
