Titusville Office Building on
For Sale
Contact for pricing
6770 S Washington Avenue, Titusville, FL 32780
10,000 SF office building on 1.5 acres for sale.
Property Size10,545 SF
Lot Size1.50 Acres
Price / SF$199.15
Days on Market607
Property Features for 6770 S Washington Avenue
General Information
Standard status
Active
Size
10,545 SF
Lot size
1.50 Acres
Property subtype
Office
Building Details
Year Built
1988
Listing Agency:
Florida Realty Investments
(407) 207-2220
Listed By:
Caroline Hatten · License #3441246
Source:
Crexi
Added: Dec 5, 2024
Changed: Jul 6
Last Checked: Aug 4 at 12:17PM
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 Realty Investments
Investment Insights
Based on property information with market context.
This 10,545 square foot office building is located directly on US1 in Titusville, Florida, within the Space Coast region. The property features six units, each approximately 1,800 square feet. The building contains seven bathrooms and seven AC units. A total coating was applied to the roof in 2023. The parking lot, which was repaved in 2024, offers 48 spaces. As of the current date, three of the six units are leased until July 31, 2026. The location benefits from an Annual Average Daily Traffic (AADT) count exceeding 20,000. The property is situated less than one mile from Space Coast Regional Airport, several hotels, and the NASA Causeway. It is in close proximity to NASA/Kennedy Space Center, Space X, Blue Origin, Boeing, and Port Canaveral.
Key Highlights
- Prime location on US1 in Titusville with high visibility (AADT over 20,000).
- 10,000 sqft, 6‑unit office building on 1.5 acres.
- Large, recently repaved (2024) parking lot with 48 spaces.
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 | $227.8k | $21.60 |
| − Vacancy | −$36.4k | −$3.46 |
| EGI | $191.3k | $18.14 |
| − OpEx | −$47.8k | −$4.54 |
| NOI | $143.5k | $13.61 |
10,545 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.05M
$1.79M – $2.39M
NOI $143,496 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.43M – $3.25M
NOI $194,745 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
73
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?
Office building - 10,000 SF office building on 1.5 acres for sale.
Where is this office building located?
The property is located at 6770 S Washington Avenue Titusville, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Prime location on US1 in Titusville with high visibility (AADT over 20,000).; 10,000 sqft, 6‑unit office building on 1.5 acres.; Large, recently repaved (2024) parking lot with 48 spaces.
