Property profile

00 Spangler Ln Titusville, FL 32796

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 59.31-acre commercial land parcel, located at 00 Spangler Lane in Titusville, Florida (zip code 32796), presents a unique investment opportunity. The property boasts a substantial 2,583,543.6 square feet of undeveloped land, zoned Suburban Estate Residential (SEU). Its strategic location in Brevard County offers significant potential for various commercial developments. A key advantage is the existing income stream generated by two billboards currently situated on the property. This established revenue stream provides immediate return on investment, supplementing future development prospects. The property is identified by Brevard County Property Appraiser Office accounts 2203067, 2224882, 2224881, and 2224880. The asking price for this expansive and income-producing land is $1,200,000. This offering represents a compelling chance to acquire a significant land holding in a rapidly growing area of Florida, with the added benefit of passive income from existing infrastructure. Serious inquiries are encouraged to explore the full potential of this remarkable investment opportunity.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

00 Spangler Ln Titusville, FL 32796
Titusville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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