Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Shepard Dr Titusville, FL 32780

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial land for lease near major transportation routes in Titusville.

    Type:Land
    Added:
    Jul 17, 2024
    Days on Market:
    642
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for Shepard Dr

    General Information

    Standard status
    Active
    Property subtype
    Land

    Spaces For Lease

    at Shepard Dr Contact us

    We can help!

    Listing Contact
    Gabriella Gissy

    Listing agent Gabriella Gissy License #SL3550321

    Listing office CBRE - Orlando

    Listing date Jul 17, 2024

    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 CBRE - Orlando

    Overview

    Titusville Industrial Land For Lease

    Located on Challenger Memorial Parkway in Titusville, Florida, this industrial land is positioned to streamline logistics operations within Florida’s High Tech Corridor. The site's industrial zoning supports a range of industrial activities, including manufacturing. Situated on Florida’s Space Coast, the location benefits from the growing space and defense industries. Proximity to Interstate 95 and SR-528 facilitates logistics and distribution. Nearby dining, lodging, and amenities support business and workforce needs. The site is expected to be pad ready by September 1, 2024.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.815352
    Latitude
    28.51313

    Nearby Similar for Lease

    • Contact for pricing

      Titusville Warehouse/Mix Use Space

      Large warehouse/mix use space with office and loading dock potential.
      2189 Highway 1, Titusville, FL 32796
      View Details
    • Contact for pricing

      Park Avenue Professional Office Plaza

      Spacious office with open floor plan and convenient highway access.
      3380 Park Ave, Unit 9, Titusville, FL 32780
      View Details
    • Contact for pricing

      Titusville Commercial Space For Rent

      Commercial space for rent with high visibility in Titusville, FL.
      1210 S Washington Avenue, Titusville, FL 32780
      View Details
    • Contact for pricing

      Office Space Near Royal Oaks

      Available 1,480 SF office space with full build-out.
      3380 S. Park Avenue Suite 8-9, Titusville, FL 32780
      View Details
    • $16/mo

      Titusville Industrial Space For Lease

      Industrial spaces for lease near I-95 and US Highway 1.
      1200 White Dr, Titusville, FL
      View Details
    • Contact for pricing

      Office Space Near Space Coast Airport

      Office space and outdoor storage available near Space Coast Airport.
      6855 Tico Rd, Titusville, FL 32780
      View Details
    • Contact for pricing

      Space Coast Innovation Park Opportunity

      Class A industrial mixed-use complex in Titusville, Florida.
      Grissom Parkway, Titusville, FL 32780
      View Details
    • Contact for pricing

      Commercial Land For Ground Lease

      0.83 AC lot across from Publix, excellent visibility.
      2035 Cheney Highway, Titusville, FL, 32780
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 1,700 square feet.
      2400 S Hopkins Ave, Titusville, FL 32780
      View Details
    • Contact for pricing

      Retail Space Anchored by Publix

      Retail spaces available in a busy, anchored shopping center.
      3229-3275 Garden St, Titusville, FL
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 33,651 square feet.
      1535 N Singleton Ave, Titusville, FL 32796
      View Details
    • Contact for pricing

      New Class A Warehouse Facility

      New Class A facility near I-95 and Kennedy Space Center.
      84 Golden Knights Blvd, Titusville, FL 32780
      View Details

    FAQs

    What type of property is this?
    Industrial land - Industrial land for lease near major transportation routes in Titusville.
    Where is this industrial land located?
    The property is located at Shepard Dr Titusville, FL.
    What are key features of this property?
    This property features: Strategic location on Challenger Memorial Pkwy in Florida's High Tech Corridor; Proximity to I‑95 and SR‑528 for efficient transportation and distribution; Industrial zoning suitable for manufacturing and other industrial uses
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gabriella Gissy
    Real Estate License ID: SL3550321
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!