Auto Shop with Overhead
For Sale
$630,000
503 CHENEY Highway, Titusville, FL 32780
Commercial Sale, TITUSVILLE, FL
Property Size1,866 SF
Lot Size0.38 Acres
Price / SF$337.62
Days on Market158
Property Features for 503 CHENEY Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RC
Subdivision
TITUSVILLE FRUIT & FARM LAND CO
Lot features
Central Business District, City Limits, Paved
Directions
US1 to Cheney Highway. Property is on corner of Cheney and Sisson Rd
Standard status
Active
APN
22 3527-AV-*-9.04
Size
1,866 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TITUSVILLE FRUIT & FARM LAND CO N 150 FT OF E 150 FT OF N 400 FT OF LOT 9 AS DES IN ORB 585 PGS 600,603 EX ST RD R/W
Tax Annual Amount
3612
Legal Description
TITUSVILLE FRUIT & FARM LAND CO N 150 FT OF E 150 FT OF N 400 FT OF LOT 9 AS DES IN ORB 585 PGS 600,603 EX ST RD R/W
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
overhead doors
vehicle lift
reception area
1.5 bathrooms
fencing
Building Details
Year built
1963
Floors in Building
1
Building materials
Block
Roof type
Membrane
Listing Agency:
MUTTER REALTY · Real Living
(321) 269-9855
Listed By:
James Mutter · License #3218212
(321) 269-9855
Added: Mar 23
Changed: Aug 20
Last Checked: Aug 27 at 6:06PM
MLS# O6392778
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 1,866-square-foot auto shop occupies a 0.38-acre parcel and includes two overhead doors, a vehicle lift, a reception area, and 1.5 bathrooms. Block construction, a membrane roof, and window or wall/window cooling are documented. Rear fencing provides an enclosed portion of the site, while electricity, public water, and public sewer are available.
The property is located at the corner of Cheney Highway and Sisson Road in Titusville, Florida. Built in 1963, the building is classified under RC zoning and includes the physical features associated with an automotive service layout, including overhead access and lifting equipment.
The property is located at the corner of Cheney Highway and Sisson Road in Titusville, Florida. Built in 1963, the building is classified under RC zoning and includes the physical features associated with an automotive service layout, including overhead access and lifting equipment.
Key Highlights
- 1,866 SF auto shop on 0.38 acres
- Two overhead doors and a vehicle lift
- Reception area and 1.5 bathrooms
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
$21,513
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
3.41%
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%
$430,260
$430.3K
Cap Rate 7%
$307,329
$307.3K
Cap Rate 9%
$239,033
$239.0K
Market Conditions
NOI Build-Up for 1,866 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
$33.6K $18.00/SF
− Vacancy
−$2.9K −$1.53/SF
EGI
$30.7K $16.47/SF
− OpEx
−$9.2K −$4.94/SF
NOI
$21.5K $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%
$430,260
Cap Rate 7%
$307,329
Cap Rate 9%
$239,033
Alternative Uses
Best Use
Retail
$307.3K
$268.9K – $358.6K
NOI $21,513 @ 7.0% cap · market cap 3.41%
Second Best
Industrial
$162.9K
$142.5K – $190.1K
NOI $11,403 @ 7.0% cap · market cap 1.81%
Theoretical Best
Office A
$492.3K
$430.8K – $574.4K
NOI $34,461 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
Well-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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Priscilla Tires & Rims — 4700 S Washington Ave, Titusville, FL 32780
- AAMCO Transmissions & Total Car Care — 610 Cheney Hwy, Titusville, FL 32780
- Earl's Auto Tech of Titusville LLC — 500 Cheney Hwy, Titusville, FL 32780
- Jeff's Complete Auto Repair — 4345 Mt Vernon Ave, Titusville, FL 32780
- Lubrication Specialist — 4305 S Hopkins Ave #6609, Titusville, FL 32780
Frequently Asked Questions
What type of property is this?
Auto shop - RC-zoned commercial property with a reception area, vehicle lift, rear fencing, and public utilities.
Where is this auto shop located?
The property is located at 503 CHENEY Highway Titusville, FL.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: 1,866 SF auto shop on 0.38 acres; Two overhead doors and a vehicle lift; Reception area and 1.5 bathrooms
