Cleared Regional Commercial
For Sale
Under Contract
$7,000,000
8251 WINDOVER Way, Titusville, FL 32780
Commercial Sale, TITUSVILLE, FL
Property Size18,151 SF
Lot Size6.94 Acres
Price / SF$385.65
Days on Market229
Property Features for 8251 WINDOVER Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RC
Subdivision
TITUSVILLE FRUIT & FARM LAND CO
Directions
Just east of I95 exchange on Cheney Hwy South side. South onto Windover Way. Lot located behind operating gas station. From US 1 take Cheney Hwy West. Turn South onto Windover Way.
Standard status
Active Under Contract
APN
22 3530-AV-*-61
Size
18,151 SF
Lot size
6.94 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TITUSVILLE FRUIT & FARM LAND CO LOT 61, PART OF LOT 62 & PART OF LOT 63 AS DESC IN ORB 886 PG 359, ORB 2213 PG 1568 & ORB 2369 PG 718 ALL LYING E OF I-95, S OF STATE ROAD 50 & W OF WINDOVER WAY
Tax Annual Amount
30513
Legal Description
TITUSVILLE FRUIT & FARM LAND CO LOT 61, PART OF LOT 62 & PART OF LOT 63 AS DESC IN ORB 886 PG 359, ORB 2213 PG 1568 & ORB 2369 PG 718 ALL LYING E OF I-95, S OF STATE ROAD 50 & W OF WINDOVER WAY
Building Details
Year built
1988
Floors in Building
1
Listing Agency:
MUTTER REALTY · Real Living
(321) 269-9855
Listed By:
James Mutter · License #3594768
(321) 501-0290
Added: Feb 11
Changed: Aug 25
Last Checked: Sep 28 at 10:06AM
MLS# O6381649
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 6.94-acre tract consists of cleared, high-and-dry land within the Regional Commercial (RC) district. The zoning supports general commercial activity, including permitted and conditional uses serving shoppers. The property previously operated as a gas station and truck stop, and the site can be subdivided.
Access is provided from Cheney Hwy (Rt 50) and Windover Way, with connectivity to I-95 and Rt 50 at Exit 215. The tract sits along a commercial corridor near Walmart, Home Depot, Lowe’s, and additional businesses under construction. Its Titusville location is also described as minutes from Brevard’s beaches and Orlando.
Access is provided from Cheney Hwy (Rt 50) and Windover Way, with connectivity to I-95 and Rt 50 at Exit 215. The tract sits along a commercial corridor near Walmart, Home Depot, Lowe’s, and additional businesses under construction. Its Titusville location is also described as minutes from Brevard’s beaches and Orlando.
Key Highlights
- 6.94 acres of cleared, high‑and‑dry commercial land
- Regional Commercial (RC) zoning
- Ingress and egress from Cheney Hwy (Rt 50) and Windover Way
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
$241,771
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
3.45%
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%
$4,835,420
$4.8M
Cap Rate 7%
$3,453,871
$3.5M
Cap Rate 9%
$2,686,344
$2.7M
Market Conditions
NOI Build-Up for 18,151 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
$348.5K $19.20/SF
− Vacancy
−$26.1K −$1.44/SF
EGI
$322.4K $17.76/SF
− OpEx
−$80.6K −$4.44/SF
NOI
$241.8K $13.32/SF
Area
Brevard County, FL
Vacancy
7.50%
Lease Rate
$19.20 /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%
$4,835,420
Cap Rate 7%
$3,453,871
Cap Rate 9%
$2,686,344
Alternative Uses
Best Use
Specialty Retail
$3.45M
$3.02M – $4.03M
NOI $241,771 @ 7.0% cap · market cap 3.45%
Second Best
Retail
$2.99M
$2.62M – $3.49M
NOI $209,263 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$4.79M
$4.19M – $5.59M
NOI $335,213 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
258
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - Nearly seven acres with highway connectivity and RC zoning for broad commercial activity.
Where is this commercial land located?
The property is located at 8251 WINDOVER Way Titusville, FL.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 6.94 acres of cleared, high‑and‑dry commercial land; Regional Commercial (RC) zoning; Ingress and egress from Cheney Hwy (Rt 50) and Windover Way
