818 & 822 Garden Street Titusville, FL 32796
Commercial duplex in downtown area, live/work opportunity.
- Added:
- Aug 8, 2023
- Days on Market:
- 1071
- Last Refresh:
- May 12 at 9:11 pm
Property Features for 818 & 822 Garden Street
General Information
- Standard status
- Active
- Size
- 1,960 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1959
Listing office Florida Homes Rlty. & Mtg. LLC
Listing date Aug 8, 2023
Source Crexi
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 Florida Homes Rlty. & Mtg. LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Live/work opportunity in downtown secondary area on Garden Street beach corridor (ordinance pending).
- Zoned OP (Office Professional) with current retail use, offering business flexibility.
- Two vacant units: 818 (approx 1100 sqft) and 822 (approx 800 sqft).
Local Financial Insights For Office B
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 | $42.3k | $21.60 |
| − Vacancy | −$6.8k | −$3.46 |
| EGI | $35.6k | $18.14 |
| − OpEx | −$8.9k | −$4.54 |
| NOI | $26.7k | $13.61 |
