2075-2095 Silver Star Rd, Titusville, FL 32796
This exceptional investment opportunity presents a three-unit industrial building totaling 11,153 square feet situated on a 18,730.8 square foot lot in Titusville, Florida. The property, built in 1971 and classified as Class B, features a mix of warehouse spaces to suit diverse needs. Unit A, a 1,445 square foot metal warehouse, boasts a ceiling height ranging from approximately 13' 7". Unit B, a 4,560 square foot block warehouse, offers a substantial 16' 10" ceiling height and includes a bonus 588 square foot mezzanine. Unit C mirrors Unit B in size at 4,560 square feet, with ceiling heights ranging from approximately 14' 6" to 15'. The property is currently 66% occupied with two tenants under a gross lease agreement. Five grade-level doors provide convenient access. Utilities include a 3-phase 120/240v 200-amp FPL electric meter, a well water system with a new filtration system, and septic. The property is zoned M-1 (City of Titusville Light Industrial Services & Warehousing), permitting warehousing, light manufacturing, distribution, service/repair, and more. Its strategic location offers proximity to Arthur Dunn Airport, Eastern Florida State College, Parrish Medical Center, Titusville Marina, Interstate 95 (approximately 3 miles), Kennedy Space Center (approximately 15 miles), and Port Canaveral (approximately 26 miles). This property is offered at $1,300,000 and presents a compelling opportunity for both occupancy and continued income generation. The APN is 21-35-33-00-255.1. This is a private ownership property with no ground lease.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.