Office Units with Private
For Sale
$850,000
3050 South Hopkins Avenue, Titusville, FL 32780
Flexible workspace includes dedicated offices, collaborative area, kitchenette, and on-site parking.
Property Size4,736 SF
Price / SF$179.48
Days on Market199
Property Features for 3050 South Hopkins Avenue
General Information
Standard status
Active
Size
4,736 SF
Class
C
Total Parking Spaces
24
Property subtype
Multi Tenant Office
Amenities
private offices
flex space
kitchenette
Building Details
Building Size
4,736 SF
Year Built
1985
Properties For Sale
at 3050 South Hopkins Avenue Contact us- Size
- 4,736 SF
- Lease Type
- Modified Gross
3050 S Hopkins Avenue
Listing Agency:
eXp Commercial | Florida
Listed By:
Holly Carver · License #3351454
(321) 243-8967
Source:
Thebrokerlist
Added: Feb 18
Changed: Sep 3
Last Checked: Aug 30 at 5:00PM
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 eXp Commercial | Florida
Investment Insights
Based on property information with market context.
This office property provides 4,736 square feet of workspace within a practical multi-room configuration. The interior includes 8 private offices along with a large flex area that can support meetings, presentations, or shared work functions. A kitchenette with a refrigerator and sink adds convenience for daily operations.
The property includes 24 parking spots for employees and visitors. Constructed in 1985, the office asset is located at 3050 South Hopkins Avenue in Titusville, Florida, with a layout suited to organizations seeking dedicated rooms and adaptable common space.
The property includes 24 parking spots for employees and visitors. Constructed in 1985, the office asset is located at 3050 South Hopkins Avenue in Titusville, Florida, with a layout suited to organizations seeking dedicated rooms and adaptable common space.
Key Highlights
- 4,736 square feet of office space
- 8 private offices support dedicated work areas
- Large flex space for meetings, presentations, or collaboration
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
$64,447
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
7.58%
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%
$1,288,940
$1.3M
Cap Rate 7%
$920,671
$920.7K
Cap Rate 9%
$716,078
$716.1K
Market Conditions
NOI Build-Up for 4,736 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
$102.3K $21.60/SF
− Vacancy
−$16.4K −$3.46/SF
EGI
$85.9K $18.14/SF
− OpEx
−$21.5K −$4.54/SF
NOI
$64.4K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /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%
$1,288,940
Cap Rate 7%
$920,671
Cap Rate 9%
$716,078
Alternative Uses
Best Use
Office B
$920.7K
$805.6K – $1.07M
NOI $64,447 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,464 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
Explore this area
Business Placement
Demographics for 32780, FL
39,525
Population
19,984
Households
2
Avg Household Size
48
Median Age
27%
College-Educated
92%
High-School Grad
68.1 sq mi
ZIP Area
580
Density / Sq Mi
$64,670
Median Household Income
$39,882
Median Earnings
$1,258
Median Rent
$250,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible workspace includes dedicated offices, collaborative area, kitchenette, and on-site parking.
Where is this office units located?
The property is located at 3050 South Hopkins Avenue Titusville, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4,736 square feet of office space; 8 private offices support dedicated work areas; Large flex space for meetings, presentations, or collaboration
