Office Building with Warehouse
For Sale
$2,900,000
5211 S Washington Avenue, Titusville, FL 32780
An adaptable layout combines office areas with warehouse and industrial-use space, truck access, and on-site parking.
Property Size20,000 SF
Price / SF$156.82
Days on Market9
Property Features for 5211 S Washington Avenue
General Information
Standard status
Active
Size
20,000 SF
Total Parking Spaces
140
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$15,571
Amenities
internal cafeteria
warehouse space
truck access
telephone switchboard
computer room
Building Details
Buildings
1
Building Size
20,000 SF
Listing Agency:
Cornell Real Estate
Listed By:
Margret Cornell
(321) 288-3014
Source:
Exprealty
Added: Oct 27
Changed: Nov 3
Last Checked: Nov 3 at 2:44PM
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 Cornell Real Estate
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Investment Insights
Based on property information with market context.
This office property includes warehouse and industrial-use areas with varying ceiling heights, delivery doors, and truck access. An internal cafeteria and separate computer room add to the building’s functional spaces; the computer room may be modified. A telephone switchboard serves various rooms through approximately 50 extensions.
The site provides approximately 140 parking spaces. The mix of office and warehouse areas supports a range of business operations without relying on a single layout or use configuration.
The site provides approximately 140 parking spaces. The mix of office and warehouse areas supports a range of business operations without relying on a single layout or use configuration.
Key Highlights
- Warehouse and industrial‑use areas have variable ceiling heights
- Approximately 140 parking spaces
- Telephone switchboard serves rooms through approximately 50 extensions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$251,639
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,032,780
$5.0M
Cap Rate 7%
$3,594,843
$3.6M
Cap Rate 9%
$2,795,989
$2.8M
Market Conditions
NOI Build-Up for 18,492 SF
Gross rent
$399.4K $21.60/SF
− Vacancy
−$63.9K −$3.46/SF
EGI
$335.5K $18.14/SF
− OpEx
−$83.9K −$4.54/SF
NOI
$251.6K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,032,780
Cap Rate 7%
$3,594,843
Cap Rate 9%
$2,795,989
Alternative Uses
Best Use
Office B
$3.59M
$3.15M – $4.19M
NOI $251,639 @ 7.0% cap · market cap 8.68%
Second Best
Flex RnD
$2.70M
$2.36M – $3.15M
NOI $188,807 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$4.88M
$4.27M – $5.69M
NOI $341,510 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - An adaptable layout combines office areas with warehouse and industrial-use space, truck access, and on-site parking.
Where is this office building located?
The property is located at 5211 S Washington Avenue Titusville, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Warehouse and industrial‑use areas have variable ceiling heights; Approximately 140 parking spaces; Telephone switchboard serves rooms through approximately 50 extensions
