Equipped Auto Shop with Paint
For Sale
$500,000
425 Coleman Street, Titusville, FL 32796
Functional automotive facility with service equipment, office space, restrooms, and a detached paint booth.
Property Size2,073 SF
Price / SF$241.20
Days on Market469
Property Features for 425 Coleman Street
General Information
Standard status
Active
Size
2,073 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$1,977
Amenities
garage doors
car lift
Building Details
Year Built
1986
Buildings
2
Listing Agency:
Mutter Realty
(321) 747-8056
Listed By:
Ashley M Edens · License #3357939
(321) 747-8056
Source:
Exitrealty
Added: May 20, 2025
Changed: Aug 30
Last Checked: Aug 30 at 4:18PM
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 Mutter Realty
Investment Insights
Based on property information with market context.
This 1986 auto shop includes a 1,500-square-foot main building arranged with a 10-by-10-foot office, two bathrooms, one shower, and a hot water heater. Service equipment includes a compressor, car lift, frame machine, and four garage doors. The compressor and frame machine remain with the property.
A separate 25-by-17.4-foot paint booth provides a dedicated area for auto body and painting work and includes a 10-by-10-foot door. The property is located at 425 Coleman Street in Titusville, Florida, with a 2,073 property-size figure reported in the listing data.
A separate 25-by-17.4-foot paint booth provides a dedicated area for auto body and painting work and includes a 10-by-10-foot door. The property is located at 425 Coleman Street in Titusville, Florida, with a 2,073 property-size figure reported in the listing data.
Key Highlights
- 1,500‑square‑foot main building with a 10‑by‑10‑foot office
- Four garage doors support vehicle access and shop workflow
- Detached 25‑by‑17.4‑foot paint booth with a 10‑by‑10‑foot door
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
$23,900
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
4.78%
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%
$478,000
$478.0K
Cap Rate 7%
$341,429
$341.4K
Cap Rate 9%
$265,556
$265.6K
Market Conditions
NOI Build-Up for 2,073 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
$37.3K $18.00/SF
− Vacancy
−$3.2K −$1.53/SF
EGI
$34.1K $16.47/SF
− OpEx
−$10.2K −$4.94/SF
NOI
$23.9K $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%
$478,000
Cap Rate 7%
$341,429
Cap Rate 9%
$265,556
Alternative Uses
Best Use
Retail
$341.4K
$298.8K – $398.3K
NOI $23,900 @ 7.0% cap · market cap 4.78%
Second Best
Industrial
$181.0K
$158.4K – $211.1K
NOI $12,668 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$546.9K
$478.6K – $638.1K
NOI $38,284 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
49k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 23%
Groceries 12%
Apparel 4%
Cumberland Farms
Shops & Services
21,149 visits/mo
0.2 miles
Burger King
Dining
9,730 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,355 visits/mo
0.2 miles
Save-A-Lot
Groceries
5,661 visits/mo
0.2 miles
Surf Style
Apparel
2,032 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Functional automotive facility with service equipment, office space, restrooms, and a detached paint booth.
Where is this auto shop located?
The property is located at 425 Coleman Street Titusville, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,500‑square‑foot main building with a 10‑by‑10‑foot office; Four garage doors support vehicle access and shop workflow; Detached 25‑by‑17.4‑foot paint booth with a 10‑by‑10‑foot door
