Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    South St Titusville, FL 32796

    • Land
    • 5.98 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 South St

    Lot size
    5.98 lot acres
    Property type
    Land

    Description

    This exceptional 5.98-acre parcel in Titusville, Florida, presents a prime development opportunity. Zoned R-3 High Density, it allows for up to 90 residential units (15 units per acre). Located at the northwest corner of South Street and Willis Drive, this high-traffic area boasts proximity to I-95, State Road 50, and abundant retail and dining options. Its strategic location near downtown Titusville, Kennedy Space Center, and Cape Canaveral positions it to benefit from the region's booming aerospace and space industries. The property is high and dry, with no known wetlands, making development straightforward. This is an ideal site for apartments, townhomes, or single-family residences, catering to the area's high demand for housing in a constrained submarket. The asking price is $899,000. APN: 22-35-08-00-500;22-35-08-00-255. The property's address is South St, Titusville, FL 32796.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.8371
    Latitude
    28.6017

    Comparable in this City

    • Value Estimation by Request

      0000 Ford Rd

      Farms
      0000 Ford Rd, Mims, FL 32796
      View Details
    • Value Estimation by Request

      000 Fairglen Dr

      Land
      000 Fairglen Dr, Titusville, FL 32796
      View Details
    • Value Estimation by Request

      Ford Rd

      Farms
      0 Ford Rd, Mims, FL 32796
      View Details
    • Value Estimation by Request

      0000 Park Ave

      Land
      0000 Park Ave, Titusville, FL 32796
      View Details
    • Value Estimation by Request

      3876 Eagles Pl

      Land
      3876 Eagles Pl, Titusville, FL 32796
      View Details
    • Value Estimation by Request

      00000 Hillcrest Ave

      Land
      00000 Hillcrest Ave, Titusville, FL 32796
      View Details

    Similar Nearby for Sale

    • $38,000

      Titusville Multifamily Land Investment

      Prime Commercial Lot, 5,227 SF
      850 Main St, Titusville, FL 32796
      View Details
    • Contact for pricing

      Titusville Land: Prime Commercial/Residential Lot

      15,246 sq ft lot, great location, buildable area.
      00000 Hillcrest Ave, Titusville, FL 32796
      View Details
    • $555,000

      Titusville Land: Prime Development Site

      Large lot, ideal for multi-family.
      1625 Tropic St, Titusville, FL 32796
      View Details
    • $130,000

      Eagles Place Titusville Land

      1.03-Acre Lot, Commercial/Residential Potential
      3876 Eagles Pl, Titusville, FL 32796
      View Details
    • $182,000
      0.86 Acres

      Titusville Commercial Land Investment

      .86-acre wooded lot, dual access, prime location.
      2528 Garden St, Titusville, FL 32796
      View Details
    • $950,000

      Titusville Land: 10+ Acres Prime Development

      Rare 10+ acre Titusville land, ideal for residential or commercial development.
      0 Tbd Tropic St, Titusville, FL 32796
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,200 SF

      Garden Street Retail Opportunity

      Prime 1200 sq ft retail space
      2821 Garden St, Titusville, FL 32796
      View Details
    • $20 SF/Yr
      22,545 SF

      300-310 S Washington Avenue

      Restaurants • 22,545 SF
      300 Washington Ave, Titusville, FL 32796
      View Details
    • $3,542 /Mo
      Pending

      Titusville Retail Space For Rent

      2,400 SF retail space in high-traffic Titusville location.
      68 N Carpenter Rd, Titusville, FL 32796
      View Details
    • $15 SF/Yr
      1,450 SF

      Move-in Ready Medical Office Suites

      Strategically located medical office suites available for lease.
      500 N Washington Ave, Titusville, FL 32796
      View Details
    • $125 SF/Yr

      Titusville Commercial Space For Rent

      Small office space suitable for storage or personal business address.
      627a Childre Ave, Titusville, FL 32796
      View Details
    • New
      $4,000 /Mo
      2,356 SF

      Titusville Office Space For Rent

      2,356 SF Titusville office space in a prime location.
      860 Century Medical Dr, Titusville, FL 32796
      View Details
    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.
    South St
    Titusville, FL 32796
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.