Retail Space with Rooftop
For Sale
$4,850,000
101 A Max Brewer Memorial Pkwy, Titusville, FL 32796
Flexible retail space includes adjoining shell area, ample parking, and a covered electric-vehicle charging station.
Property Size25,199 SF
Price / SF$194
Days on Market194
Property Features for 101 A Max Brewer Memorial Pkwy
General Information
Standard status
Active
Size
25,199 SF
Property subtype
Street Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
covered charging station
Building Details
Building Size
25,199 SF
Year Built
2021
Listing Agency:
Lightle Beckner Robison, Inc
(321) 722-0707
Listed By:
Brian Lightle, CCIM, SIOR
(321) 722-0707
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 9:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lightle Beckner Robison, Inc
Investment Insights
Based on property information with market context.
Built in 2021, this approximately 25,000-square-foot retail property combines a large interior footprint with an adjoining shell area that can be customized for a business-specific layout. The site includes parking for employees and customers, a covered electric-vehicle charging station, and rooftop venue potential suitable for events or dining concepts.
The property sits at the entrance to the A Max Brewer Causeway near Sand Point Park, with public transportation options serving the area. It is approximately 15 miles from the Kennedy Space Center, 30 miles from Port Canaveral, and 43 miles east of Orlando International Airport. The causeway connects Titusville with Merritt Island.
The property sits at the entrance to the A Max Brewer Causeway near Sand Point Park, with public transportation options serving the area. It is approximately 15 miles from the Kennedy Space Center, 30 miles from Port Canaveral, and 43 miles east of Orlando International Airport. The causeway connects Titusville with Merritt Island.
Key Highlights
- Approximately 25,000 square feet of retail space
- Built in 2021
- Adjoining shell area supports customized interior planning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$290,062
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,801,240
$5.8M
Cap Rate 7%
$4,143,743
$4.1M
Cap Rate 9%
$3,222,911
$3.2M
Market Conditions
NOI Build-Up for 25,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$510.0K $20.40/SF
− Vacancy
−$45.9K −$1.84/SF
EGI
$464.1K $18.56/SF
− OpEx
−$174.0K −$6.96/SF
NOI
$290.1K $11.60/SF
Area
Brevard County, FL
Vacancy
9.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,801,240
Cap Rate 7%
$4,143,743
Cap Rate 9%
$3,222,911
Alternative Uses
Best Use
Mixed Use
$4.14M
$3.63M – $4.83M
NOI $290,062 @ 7.0% cap · market cap 5.98%
Second Best
Retail
$4.12M
$3.60M – $4.80M
NOI $288,225 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$6.60M
$5.77M – $7.70M
NOI $461,700 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,094
Businesses Nearby
49k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 23%
Groceries 11%
Apparel 4%
Cumberland Farms
Shops & Services
21,149 visits/mo
0.3 miles
Burger King
Dining
9,730 visits/mo
0.2 miles
7-Eleven
Shops & Services
6,355 visits/mo
0.2 miles
Save-A-Lot
Groceries
5,661 visits/mo
0.2 miles
Surf Style
Apparel
2,032 visits/mo
0.3 miles
Demographics for 32796, FL
20,818
Population
9,670
Households
2.2
Avg Household Size
50
Median Age
28%
College-Educated
90%
High-School Grad
14.4 sq mi
ZIP Area
1,446
Density / Sq Mi
$67,399
Median Household Income
$40,368
Median Earnings
$1,305
Median Rent
$243,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible retail space includes adjoining shell area, ample parking, and a covered electric-vehicle charging station.
Where is this retail space located?
The property is located at 101 A Max Brewer Memorial Pkwy Titusville, FL.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: Approximately 25,000 square feet of retail space; Built in 2021; Adjoining shell area supports customized interior planning
