Unique Commercial Building on US
For Sale
Contact for pricing
137 Birch St, Titusville, FL 32780
Exceptional commercial property with high visibility and river views.
Property Size5,622 SF
Price / SF$284.60
Days on Market913
Property Features for 137 Birch St
General Information
Standard status
Active
Size
5,622 SF
Property subtype
Retail
Zoning
IRCN-C
Building Details
Year Built
1952
Listing Agency:
Rocket City Commercial, Brokered by eXp Commercial
(321) 291-6601
Listed By:
Lisa Earnhardt · License #SL3439689
Source:
Crexi
Added: Feb 13, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:03AM
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 Rocket City Commercial, Brokered by eXp Commercial
Investment Insights
Based on property information with market context.
This commercial building features a unique architectural design, making it a landmark in the area. Its striking façade ensures maximum visibility and brand recognition. Situated on an expansive lot, this property provides ample space, allowing businesses to thrive and grow in a prime location. The property benefits from maximum exposure and visibility with frontage directly on the high-traffic US 1 corridor. Breathtaking views of the tranquil river are visible from various vantage points, creating a serene and inviting atmosphere. The interior spaces are versatile and can be customized to suit a wide range of business needs, including a retail storefront, restaurant or showroom. The property is located in a highly desirable area with easy access to major highways and nearby amenities, ensuring convenient accessibility for customers and employees. The property's location offers views of space launches. The property is zoned IRCN-C, and intended use should be verified with the City of Titusville. The property contains 5,622 square feet.
Key Highlights
- High‑traffic US 1 frontage ensures maximum exposure and visibility.
- Versatile interior spaces can be customized for various business needs.
- Prime location with easy access to major highways and nearby amenities.
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
$64,816
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
4.05%
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%
$1,296,320
$1.3M
Cap Rate 7%
$925,943
$925.9K
Cap Rate 9%
$720,178
$720.2K
Market Conditions
NOI Build-Up for 5,622 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
$101.2K $18.00/SF
− Vacancy
−$8.6K −$1.53/SF
EGI
$92.6K $16.47/SF
− OpEx
−$27.8K −$4.94/SF
NOI
$64.8K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,296,320
Cap Rate 7%
$925,943
Cap Rate 9%
$720,178
Alternative Uses
Best Use
Retail
$925.9K
$810.2K – $1.08M
NOI $64,816 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,827 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Under-served
Demand for This Use
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Exceptional commercial property with high visibility and river views.
Where is this storefront property located?
The property is located at 137 Birch St Titusville, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: High‑traffic US 1 frontage ensures maximum exposure and visibility.; Versatile interior spaces can be customized for various business needs.; Prime location with easy access to major highways and nearby amenities.
