Historical Brewpub
For Sale
$845,000
305 Washington Avenue, Titusville, FL 32796
Two-story historical building with a ground-floor brewpub operated by Hardware Store Brewing Company.
Property Size4,895 SF
Price / SF$172.63
Days on Market261
Property Features for 305 Washington Avenue
General Information
Standard status
Active
Size
4,895 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$6,502
Amenities
3
Parking.
On Street.
Historic Area.
Building Details
Year Built
1916
Stories
2
Listing Agency:
First South Real Estate LLC
(321) 266-3151
Listed By:
Jim Schaub
(321) 266-3151
Source:
Xome
Added: Nov 20, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:14AM
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 First South Real Estate LLC
Investment Insights
Based on property information with market context.
This two-story, historical building features a ground-floor brewpub operated by Hardware Store Brewing Company. The property is described as a well-known, established local spot within the Titusville historical district.
The building’s current use is centered on the brewpub concept on the ground floor, with additional space in a second story as part of the overall structure.
For additional details related to the sale, the materials note that information can be provided after the signing of an NDA by brokers and/or principals. Prospective parties are also directed to show discretion and not to discuss the potential sale with employees or customers.
The building’s current use is centered on the brewpub concept on the ground floor, with additional space in a second story as part of the overall structure.
For additional details related to the sale, the materials note that information can be provided after the signing of an NDA by brokers and/or principals. Prospective parties are also directed to show discretion and not to discuss the potential sale with employees or customers.
Key Highlights
- Two‑story historical building built in 1916
- Ground‑floor brewpub operated by Hardware Store Brewing Company
- Business features include 3 guest facilities
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
$65,201
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
7.72%
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%
$1,304,020
$1.3M
Cap Rate 7%
$931,443
$931.4K
Cap Rate 9%
$724,456
$724.5K
Market Conditions
NOI Build-Up for 4,895 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
$94.0K $19.20/SF
− Vacancy
−$7.0K −$1.44/SF
EGI
$86.9K $17.76/SF
− OpEx
−$21.7K −$4.44/SF
NOI
$65.2K $13.32/SF
Area
Brevard County, FL
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,304,020
Cap Rate 7%
$931,443
Cap Rate 9%
$724,456
Alternative Uses
Best Use
Specialty Retail
$931.4K
$815.0K – $1.09M
NOI $65,201 @ 7.0% cap · market cap 7.72%
Second Best
Industrial
$427.3K
$373.9K – $498.6K
NOI $29,913 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,401 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,094
Businesses Nearby
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Brewery - Two-story historical building with a ground-floor brewpub operated by Hardware Store Brewing Company.
Where is this brewery located?
The property is located at 305 Washington Avenue Titusville, FL.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Two‑story historical building built in 1916; Ground‑floor brewpub operated by Hardware Store Brewing Company; Business features include 3 guest facilities
