Office Suite with Reception and
For Sale
$99,000
Pending
8-1067 Cheney Hwy, Titusville, FL 32780
Office suite within The Meadows Plaza featuring reception, two private offices, and a private restroom.
Property Size570 SF
Days on Market62
Property Features for 8-1067 Cheney Hwy
General Information
Standard status
Pending
Size
570 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,326
Building Details
Year Renovated
2022
Listing Agency:
Mutter Realty
(321) 269-9855
Listed By:
Rachel L Durrett · License #3492276
(321) 615-0315
Source:
Exprealty
Added: Jul 6
Changed: Sep 3
Last Checked: Sep 5 at 2:05PM
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 office suite is located within The Meadows Plaza and includes a welcoming reception or lobby area, two private offices, and a private restroom. The property also notes a 2022 roof.
Situated just off Cheney Highway (SR 50), the suite is positioned for strong visibility and convenient access in an established commercial corridor.
Available for sale, this larger commercial unit offers a straightforward layout for professional or service-oriented operations looking for a private office configuration within a multi-tenant plaza.
Situated just off Cheney Highway (SR 50), the suite is positioned for strong visibility and convenient access in an established commercial corridor.
Available for sale, this larger commercial unit offers a straightforward layout for professional or service-oriented operations looking for a private office configuration within a multi-tenant plaza.
Key Highlights
- Office suite in The Meadows Plaza with reception/lobby, two private offices, and a private restroom
- 2022 roof
- Located just off Cheney Highway (SR 50) in an established commercial corridor
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
$7,757
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
7.84%
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%
$155,140
$155.1K
Cap Rate 7%
$110,814
$110.8K
Cap Rate 9%
$86,189
$86.2K
Market Conditions
NOI Build-Up for 570 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
$12.3K $21.60/SF
− Vacancy
−$2.0K −$3.46/SF
EGI
$10.3K $18.14/SF
− OpEx
−$2.6K −$4.54/SF
NOI
$7.8K $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 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%
$155,140
Cap Rate 7%
$110,814
Cap Rate 9%
$86,189
Alternative Uses
Best Use
Office B
$110.8K
$97.0K – $129.3K
NOI $7,757 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$150.4K
$131.6K – $175.5K
NOI $10,527 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite within The Meadows Plaza featuring reception, two private offices, and a private restroom.
Where is this office units located?
The property is located at 8-1067 Cheney Hwy Titusville, FL.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Office suite in The Meadows Plaza with reception/lobby, two private offices, and a private restroom; 2022 roof; Located just off Cheney Highway (SR 50) in an established commercial corridor
