Free Standing Retail
For Sale
$180,000
515 Garden St, Titusville, FL 32796
Updated standalone retail building with an open floor plan, ample parking, and road frontage.
Property Size1,150 SF
Price / SF$156.52
Days on Market293
Property Features for 515 Garden St
General Information
Standard status
Active
Size
1,150 SF
Zoning
Neighborhood Commercial Mixed Use
Site & Location
Road Access
Yes
Utilities to Site
Yes
Listing Agency:
Noble & Co. R.E. Professionals
(321) 607-1311
Listed By:
Courtney R Noble · License #3135692
(321) 607-1311
Source:
Exprealty
Added: Oct 16, 2025
Changed: Jul 26
Last Checked: Jul 31 at 8:29PM
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 Noble & Co. R.E. Professionals
Investment Insights
Based on property information with market context.
This updated free standing retail building offers an open floor plan designed for flexible retail use. The roof was replaced in 2016, the 2.5 ton HVAC was replaced in 2015, and the windows were replaced in 2010. An ADA entrance ramp was installed in 2013, supporting accessible entry.
The property includes ample parking and road frontage on Garden Street. It is currently used as retail and is described with Neighborhood Commercial Mixed Use zoning.
On-site utilities and services include city water/sewer and 220V electrical, and the parcel has a saltwater well.
The property includes ample parking and road frontage on Garden Street. It is currently used as retail and is described with Neighborhood Commercial Mixed Use zoning.
On-site utilities and services include city water/sewer and 220V electrical, and the parcel has a saltwater well.
Key Highlights
- 1,150 SF freestanding retail building on Garden Street with an open floor plan
- Neighborhood Commercial Mixed Use (NC‑MU) zoning with road frontage
- Ample parking for customers
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.7k | $18.00 |
| − Vacancy | −$1.8k | −$1.53 |
| EGI | $18.9k | $16.47 |
| − OpEx | −$5.7k | −$4.94 |
| NOI | $13.3k | $11.53 |
1,150 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$189.4K
$165.7K – $221.0K
NOI $13,258 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$303.4K
$265.5K – $354.0K
NOI $21,238 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
180
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Updated standalone retail building with an open floor plan, ample parking, and road frontage.
Where is this retail space located?
The property is located at 515 Garden St Titusville, FL.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 1,150 SF freestanding retail building on Garden Street with an open floor plan; Neighborhood Commercial Mixed Use (NC‑MU) zoning with road frontage; Ample parking for customers
