Updated Triplex with Separate
For Sale
$450,000
Abc-415 S Robbins Ave, Titusville, FL 32796
Three units offer distinct entrances, kitchens, tile flooring, and a mix of central air and interior laundry hookups.
Property Size1,888 SF
Price / SF$238.35
Days on Market9
Property Features for Abc-415 S Robbins Ave
General Information
Standard status
Active
Size
1,888 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA, 1 x studio
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,685
Listing Agency:
Peninsula Property Group
(321) 757-3696
Listed By:
Vanna T. Rickard
(321) 757-3696
Source:
Exprealty
Added: Aug 8
Changed: Aug 14
Last Checked: Aug 16 at 11:49AM
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 Peninsula Property Group
Investment Insights
Based on property information with market context.
This 1,888-square-foot triplex contains three separately entered units. Unit A provides 3BR/1 BA, an open layout with tile flooring, central air, an updated kitchen with stainless steel appliances and wood cabinetry, bright bedrooms, and an interior laundry room with hookups. Unit B includes 2BR/1BA, a full kitchen with newer stainless steel appliances, central air, tile flooring, and an interior laundry room with hookups. Unit C is a studio with an updated bathroom and tiled floors. The property also has a newer roof completed in 2025 and is served by city water and sewer.
The property is in Titusville, with access to Kennedy Space Center, riverfront parks, beaches, fishing, restaurants, shopping, major roadways, airports, and Orlando attractions. Its three-unit configuration and separate entrances provide a clearly defined layout for residential income use.
The property is in Titusville, with access to Kennedy Space Center, riverfront parks, beaches, fishing, restaurants, shopping, major roadways, airports, and Orlando attractions. Its three-unit configuration and separate entrances provide a clearly defined layout for residential income use.
Key Highlights
- Three‑unit property totaling 1,888 SF
- Unit mix includes 3BR/1 BA, 2BR/1BA, and a studio
- Separate entry for each unit
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
$21,501
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
4.78%
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%
$430,020
$430.0K
Cap Rate 7%
$307,157
$307.2K
Cap Rate 9%
$238,900
$238.9K
Market Conditions
NOI Build-Up for 1,888 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
$32.9K $17.40/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$30.7K $16.27/SF
− OpEx
−$9.2K −$4.88/SF
NOI
$21.5K $11.39/SF
Area
Brevard County, FL
Vacancy
6.50%
Lease Rate
$17.40 /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%
$430,020
Cap Rate 7%
$307,157
Cap Rate 9%
$238,900
Alternative Uses
Best Use
Multifamily LT 5
$307.2K
$268.8K – $358.4K
NOI $21,501 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$276.1K
$241.6K – $322.1K
NOI $19,327 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$498.1K
$435.9K – $581.1K
NOI $34,868 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 32796, FL
20,818
Population
9,670
Households
2.2
Avg Household Size
50
Median Age
28%
College-Educated
90%
High-School Grad
14.4 sq mi
ZIP Area
1,446
Density / Sq Mi
$67,399
Median Household Income
$40,368
Median Earnings
$1,305
Median Rent
$243,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three units offer distinct entrances, kitchens, tile flooring, and a mix of central air and interior laundry hookups.
Where is this triplex located?
The property is located at Abc-415 S Robbins Ave Titusville, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three‑unit property totaling 1,888 SF; Unit mix includes 3BR/1 BA, 2BR/1BA, and a studio; Separate entry for each unit
