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    1625 Tropic St Titusville, FL 32796
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    Property profile & analytics

    1625 Tropic St Titusville, FL 32796

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    • Commercial real estate
    Off-Market
    Property ID
    US18-3370672
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1625 Tropic St

    Property type
    Commercial real estate

    Description

    This exceptional 288,367 square foot commercial and residential land parcel presents a remarkable investment opportunity in the thriving city of Titusville, Florida. Located at 1625 Tropic Street, zip code 32796, this expansive property offers significant potential for developers seeking to capitalize on the area's growing demand for housing. The site's convenient location provides easy access to pristine beaches, a diverse culinary scene, and the attractions of nearby Orlando. A key advantage is the completion of both a survey and an environmental study, confirming the absence of wetlands on the property, thus streamlining the development process and mitigating potential delays. This comprehensive due diligence significantly reduces risk and accelerates the path to construction. The asking price for this prime development land is $555,000. The property is zoned for both commercial and residential use, providing flexibility for a variety of development plans. This presents a unique chance to create a thriving community in a desirable location. Detailed information regarding zoning regulations and permitted uses is readily available. This is a rare opportunity to acquire a large, well-situated parcel in Brevard County, Florida, ready for immediate development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.820982
    Latitude
    28.610915

    Comparable in this City

    • $230,000
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      Titusville Duplex Investment Opportunity

      Duplex in Titusville near shopping, parks, beaches, and Kennedy Space Center.
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    • $225,000

      Mixed-Use Property For Sale

      Commercial mixed-use property suitable for shop or residential rental.
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    • $479,888

      Multifamily Property with Rental Upside

      Fully occupied multifamily property with potential for increased rental income.
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    • $182,000

      Wooded Lot Near I-95

      0.86 acre wooded lot with development potential.
      2528 Garden St, Titusville, FL 32796
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    • $3,000,000

      Prime Land Near Medical Center

      30-acre commercial land with highway frontage near Parrish Medical Center.
      1300 North Washington Ave, Titusville, FL 32796
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    Similar Nearby for Sale

    • $230,000
      1,298 SF

      Titusville Duplex Investment Opportunity

      Duplex in Titusville near shopping, parks, beaches, and Kennedy Space Center.
      514 S Grannis Ave, Titusville, FL 32796
      View Details
    • $225,000

      Mixed-Use Property For Sale

      Commercial mixed-use property suitable for shop or residential rental.
      910 Tropic St, Titusville, FL 32796
      View Details
    • $479,888

      Multifamily Property with Rental Upside

      Fully occupied multifamily property with potential for increased rental income.
      426 Dummitt Ave, Titusville, FL 32796
      View Details
    • $182,000

      Wooded Lot Near I-95

      0.86 acre wooded lot with development potential.
      2528 Garden St, Titusville, FL 32796
      View Details
    • $3,000,000

      Prime Land Near Medical Center

      30-acre commercial land with highway frontage near Parrish Medical Center.
      1300 North Washington Ave, Titusville, FL 32796
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

      Former restaurant location available for ground lease.
      3490 Garden St, Titusville, FL 32796
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      Historic Building Retail and Restaurant Space

      Renovated retail and restaurant spaces in historic Titusville buildings.
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      10,687 SF

      Retail Space Anchored by Publix

      Retail spaces available in a busy, anchored shopping center.
      3229-3275 Garden St, Titusville, FL 32796
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      1,049 SF

      Move-in Ready Medical Office Suites

      Strategically located medical office suites available for lease.
      500 N Washington Ave, Titusville, FL 32796
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      Waterfront Office Space For Lease

      Unique waterfront office space with direct rocket launch views.
      219 Indian River Ave, Titusville, FL 32796
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    Titusville, FL 32796
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    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
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