Mixed-Use Property on
For Sale
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4260 S Washington Avenue, Titusville, FL 32780
Versatile commercial property with office, warehouse, and residential space.
Property Size4,950 SF
Price / SF$303.03
Days on Market1041
Property Features for 4260 S Washington Avenue
General Information
Standard status
Active
Size
4,950 SF
Property subtype
Retail, Land
Building Details
Year Built
1984
Stories
2
Listing Agency:
Landshark Realty
(321) 501-6951
Listed By:
Cody Spaur · License #3332958
Source:
Crexi
Added: Oct 24, 2023
Changed: Aug 24
Last Checked: Aug 26 at 8:53AM
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 Landshark Realty
Investment Insights
Based on property information with market context.
Located in Titusville, within the Palm Bay, Melbourne, Titusville MSA, this mixed-use commercial property features 200 feet of frontage on US1, which has an average daily traffic of 28,000 vehicles. The property includes a 3,150-square-foot office and warehouse space divided into three bays, offering flexible usage options. The property also features a remodeled 2-bedroom, 2-bathroom apartment upstairs, complete with a balcony deck that provides unobstructed views of the Indian River and NASA's Vehicle Assembly Building (VAB). A detached 1,800-square-foot warehouse includes two bays and four roll-up doors, with frontage on Mt. Vernon Ave. Zoned Indian River City Commercial, the property is suitable for various business opportunities. The operational towing business is available for purchase separately. The entire property is fenced. Potential uses include contractors, fabrication shops, light manufacturing, towing companies, and auto sales or repairs. This property presents a strategic investment opportunity in a high-demand area within the Space Coast, which is experiencing new developments and industrial growth.
Key Highlights
- Prime location on US1 with high traffic (28,000 cars/day) in a rapidly growing Space Coast area.
- Versatile mixed‑use property featuring 3,150 sq ft of office/warehouse space and a remodeled 2‑bedroom apartment.
- Detached 1,800 sq ft warehouse with two bays and four roll‑up doors.
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
$67,360
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
4.49%
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%
$1,347,200
$1.3M
Cap Rate 7%
$962,286
$962.3K
Cap Rate 9%
$748,444
$748.4K
Market Conditions
NOI Build-Up for 4,950 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
$106.9K $21.60/SF
− Vacancy
−$17.1K −$3.46/SF
EGI
$89.8K $18.14/SF
− OpEx
−$22.5K −$4.54/SF
NOI
$67.4K $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%
$1,347,200
Cap Rate 7%
$962,286
Cap Rate 9%
$748,444
Alternative Uses
Best Use
Office B
$962.3K
$842.0K – $1.12M
NOI $67,360 @ 7.0% cap · market cap 4.49%
Second Best
Mixed Use
$820.5K
$717.9K – $957.2K
NOI $57,432 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,417 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
545
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?
Mixed-use property - Versatile commercial property with office, warehouse, and residential space.
Where is this mixed-use property located?
The property is located at 4260 S Washington Avenue Titusville, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime location on US1 with high traffic (28,000 cars/day) in a rapidly growing Space Coast area.; Versatile mixed‑use property featuring 3,150 sq ft of office/warehouse space and a remodeled 2‑bedroom apartment.; Detached 1,800 sq ft warehouse with two bays and four roll‑up doors.
