Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    503 Cheney Hwy Titusville, FL 32780
    Back to Search
    Property profile & analytics

    503 Cheney Hwy Titusville, FL 32780

    View on Map
    • Automotive properties
    • 1,926 SF
    • 0.38 lot acres
    For Sale
    $630,000
    View Listing →
    Commercial Property on Cheney Highway For Sale
    $630,000
    1,866 SF

    Commercial Property on Cheney Highway

    Versatile commercial property with high visibility and traffic.

    503 Cheney Highway, Titusville, FL 32780
    View Listing
    Property ID
    US18-0448817
    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

    • Lapohn Enterprises LLC Custom Golf Carts New-Restored / Battery Wholesaler / Electric Motor Repair Shop

    Property Details for 503 Cheney Hwy

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.38 lot acres
    Property size
    1,926 SF
    Zone code
    RC
    Property type
    Automotive properties
    APN
    22-35-27-AV-00000.0-0009.04
    APU
    223527AV000000000904

    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
    -80.8066
    Latitude
    28.5572
    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
    $2,473
    $86,000
    $51,060
    $137,060
    -
    $86,000
    $51,060
    $137,060

    Comparable in this City

    • Value Estimation by Request
      837 SF

      1023 Hopkins Ave

      VEHICLE SALES, RENTALS • 837 SF
      1023 Hopkins Ave, Titusville, FL 32780-4275
      View Details
    • Value Estimation by Request
      5,200 SF

      1128 Washington Ave

      VEHICLE SALES, RENTALS • 5,200 SF
      1128 Washington Ave, Titusville, FL 32780-4234
      View Details
    • Value Estimation
      $1,715,000
      3,902 SF

      1012 Hopkins Ave

      VEHICLE SALES, RENTALS • 3,902 SF
      1012 Hopkins Ave, Titusville, FL 32780-4205
      View Details
    • Value Estimation
      $5,205,000
      1,586 SF

      1508 Washington Ave

      VEHICLE SALES, RENTALS • 1,586 SF
      1508 Washington Ave, Titusville, FL 32780-4713
      View Details
    • Value Estimation
      $13,720,000
      12,232 SF

      3000 Cheney Hwy

      VEHICLE SALES, RENTALS • 12,232 SF
      3000 Cheney Hwy, Titusville, FL 32780-5974
      View Details
    • Value Estimation by Request
      4,530 SF

      4260 Washington Ave, Unit 102

      VEHICLE SALES, RENTALS • 4,530 SF
      4260 Washington Ave, Titusville, FL 32780-6644
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,866 SF

      Commercial Property on Cheney Highway

      Versatile commercial property with high visibility and traffic.
      503 Cheney Hwy, Titusville, FL 32780
      View Details
    • $7,000,000

      Cleared Land on Busy Corridor

      7 acres of commercial land near major retailers and highway.
      8251 Windover Way, Titusville, FL 32780
      View Details
    • $630,000
      1,866 SF

      Titusville Commercial Property For Sale

      Highly visible commercial property with functional layout in Titusville, Florida.
      503 Cheney Hwy, Titusville, FL 32780
      View Details
    • Contact for pricing
      10,059 SF

      Multi-Tenant Plaza in Titusville

      Well-maintained plaza with diverse tenants in a strategic location.
      2690 S Hopkins Ave, Titusville, FL 32780
      View Details
    • $7,000,000
      6.94 Acres

      Cleared Land on Busy Corridor

      Almost 7 acres of cleared land near established businesses.
      8251 Windover Way, Titusville, FL 32780
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Southway Plaza

      Retail space available in busy Southway Plaza.
      601 Cheney Hwy, Titusville, FL 32780
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 1,700 square feet.
      2400 S Hopkins Ave, 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

      Retail Space on Highway 50

      Retail lease space in renovated plaza on busy Highway 50.
      686 Cheney Hwy, Titusville, FL 32780
      View Details
    • Contact for pricing

      Versatile Building Near Titus Landing

      Adaptable space suitable for office, salon, medical, or retail use.
      2855 S Hopkins Ave, 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
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    503 Cheney Hwy
    Titusville, FL 32780
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    503 Cheney Hwy, Titusville, FL, 32780
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!