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    Property profile & analytics

    2000 Cheney Hwy Ste, Unit 105 Titusville, FL 32780-6028

    • Grocery and convenience stores
    • 48,942 SF
    • 14.96 lot acres
    OFF-MARKET
    Value Estimations
    $7,730,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6380484
    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.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 2000 Cheney Hwy Ste

    Year built
    2015
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    14.96 lot acres
    Property size
    48,942 SF
    Zone code
    CC
    Property type
    Grocery and convenience stores
    APN
    22-35-21-00-00503.0-0000.00
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,405,000
      6.5%
      $8,680,000
      7%
      $8,060,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,434,000
      Market price range: $2.63M - $8.43M
      AI Estimate
      $6,079,000
      Market price range: $1.97M - $7.30M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $6,355,000
      Current use
      COMMERCIAL (GENERAL)
      $11,600,000
      Change: +83% Conversion: Easy
      AUTO REPAIR, GARAGE
      $10,205,000
      Change: +61% Conversion: Difficult
      OFFICE BUILDING
      $8,435,000
      Change: +33% Conversion: Easy
      MEDICAL BUILDING
      $7,595,000
      Change: +20% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $6,740,000
      Change: +6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.8251
    Latitude
    28.559
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $123,656
    $1,466,080
    $4,060,270
    $5,526,350
    -
    $1,466,080
    $4,060,270
    $5,526,350

    Comparable in this City

    • Value Estimation by Request
      3,150 SF

      3350 Park Ave

      CONVENIENCE STORE • 3,150 SF
      3350 Park Ave, Titusville, FL 32780-4541
      View Details
    • Value Estimation
      $1,825,000
      3,015 SF

      200 Cheney Hwy

      CONVENIENCE STORE (W/FUEL PUMP) • 3,015 SF
      200 Cheney Hwy, Titusville, FL 32780-6637
      View Details
    • Value Estimation
      $600,000
      5,263 SF

      4540 Washington Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 5,263 SF
      4540 Washington Ave, Titusville, FL 32780-6647
      View Details
    • Value Estimation by Request
      4,659 SF

      3669 Ss St

      CONVENIENCE STORE (W/FUEL PUMP) • 4,659 SF
      3669 Ss St, Titusville, FL 32780-2908
      View Details
    • Value Estimation by Request
      3,375 SF

      700 Columbia Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,375 SF
      700 Columbia Blvd, Titusville, FL 32780-7901
      View Details
    • Value Estimation by Request
      6,432 SF

      305 Country Clb Dr

      CONVENIENCE STORE (W/FUEL PUMP) • 6,432 SF
      305 Country Clb Dr, Titusville, FL 32780-8601
      View Details

    Similar Nearby for Sale

    • $325,000
      1,203 SF

      Titusville Commercial Space For Sale

      Historic downtown Titusville commercial space suitable for office or retail.
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    • $5,150,000
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      Titusville Retail Investment

      Prime location, strong tenants, high NOI.
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      View Details
    • New
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      Versatile Titusville Commercial Space

      47,000+ sq ft mixed-use space for sale in Titusville.
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    • New
      $175,000
      1,728 SF

      Spacious Retail Opportunity in Titusville

      Expansive shopping center unit with high visibility and access.
      1881 Knox Mcrae Dr, Titusville, FL 32780
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    • New
      $310,000
      3,091 SF

      Prime Retail Opportunity in TITUSVILLE

      Spacious shopping center unit with high visibility and endless potential.
      1909 Knox Mcrae Dr, Titusville, FL 32780
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    • $110,000

      Established Gun Shop Business ForSale

      Gun shop business for sale, established over 20 years.
      1309 S Washington Ave, Titusville, FL 32780
      View Details

    Similar Nearby for Lease

    • $1,250 /Mo
      5,427 SF

      Retail Property in Titusville, FL

      Retail property for lease in a convenient Titusville location.
      1412 S Hopkins Ave, Titusville, FL 32780
      View Details
    • $15 SF/Yr
      73,248 SF

      Titusville Retail Plaza Opportunity

      High-traffic retail space, flexible sizes.
      686 Cheney Hwy, Titusville, FL 32780
      View Details
    • $14 SF/Yr
      2,800 SF

      Retail Space on Cheney Highway

      Retail space available in Titusville's Southway Plaza.
      609-621 Cheney Hwy, Titusville, FL 32780
      View Details
    • $14 SF/Yr
      5,670 SF

      Titusville Office Space For Lease

      Prime Titusville location, 1 space available.
      3550 Hopkins Ave, Titusville, FL 32780
      View Details
    • Contact for pricing
      36,155 SF

      Last Titusville Retail Space Available

      Prime Retail Space, 1 Acre, High Traffic
      2035 Cheney Hwy, Titusville, FL 32780
      View Details
    • $12 SF/Yr
      77,375 SF

      Titusville Plaza Retail Center

      High-visibility Titusville retail space.
      1528 Harrison St, Titusville, FL 32780
      View Details
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    Titusville, FL 32780-6028
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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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