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    2028 Arnold Palmer Dr Titusville, FL 32796
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    Property profile & analytics

    2028 Arnold Palmer Dr Titusville, FL 32796

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    • Commercial real estate
    Off-Market
    Property ID
    US18-1827013
    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 2028 Arnold Palmer Dr

    Property type
    Commercial real estate

    Description

    This exceptional commercial land parcel, encompassing 11,326 square feet, presents a remarkable investment opportunity in the desirable Eagle Pointe Subdivision of Titusville, Florida. Located at 2028 Arnold Palmer Drive, zip code 32796, this .26-acre lot offers unparalleled convenience and accessibility. Its strategic location provides proximity to pristine beaches, vibrant shopping centers, and the bustling Port Canaveral, making it an ideal site for a variety of commercial ventures. Furthermore, its short driving distance to the renowned Orlando theme parks adds to its appeal, attracting a diverse range of potential clientele. The property is situated in Brevard County, Florida, and its precise coordinates are latitude 28.655235 and longitude -80.875337. Priced competitively at $75,000, this lot represents a significant value proposition for discerning investors seeking a prime location for their next commercial undertaking. The property's size and location make it suitable for a wide range of commercial developments, offering substantial potential for future growth and return on investment. Don't miss this chance to acquire this highly desirable commercial land in a thriving Florida community.

    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
    -80.875337
    Latitude
    28.655235

    Comparable in this City

    • $182,000

      Wooded Lot Near I-95

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    • $3,000,000

      Prime Land Near Medical Center

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    • $80,000
      0.15 Acres

      Ready-to-Build Duplex Parcel Titusville

      Turnkey duplex development lot with approved plans and permits.
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      Commercial/Residential Property on Space Coast

      Two-story property with mixed-use zoning in Titusville, Florida.
      624 Grannis Ave, Titusville, FL 32796
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      Titusville Land Parcel For Sale

      Land parcel in Titusville, located off S Singleton Ave.
      South Singleton Ave, Titusville, FL 32796
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    Similar Nearby for Sale

    • $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
    • $80,000
      0.15 Acres

      Ready-to-Build Duplex Parcel Titusville

      Turnkey duplex development lot with approved plans and permits.
      470 S Robbins Ave, Titusville, FL 32796
      View Details
    • Contact for pricing

      Commercial/Residential Property on Space Coast

      Two-story property with mixed-use zoning in Titusville, Florida.
      624 Grannis Ave, Titusville, FL 32796
      View Details
    • Contact for pricing

      Titusville Land Parcel For Sale

      Land parcel in Titusville, located off S Singleton Ave.
      South Singleton 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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      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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      Historic Building Retail and Restaurant Space

      Renovated retail and restaurant spaces in historic Titusville buildings.
      300 S Washington Ave, Titusville, FL 32796
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      1,049 SF

      Move-in Ready Medical Office Suites

      Strategically located medical office suites available for lease.
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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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    • $15 SF/Yr
      20,000 SF

      Titusville Office Retail Complex

      Prime Titusville Office Suites Available
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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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