Flex Building with Grade-Level
New
For Sale
$600,000
4041 Capron Rd, Titusville, FL 32780
A standalone flex property combines conditioned office and warehouse areas with three-phase electrical service.
Property Size4,080 SF
Lot Size0.39 Acres
Days on Market2
Property Features for 4041 Capron Rd
General Information
Standard status
Active
Size
4,080 SF
Lot size
0.39 Acres
Property subtype
Industrial
Warehouse & Industrial
Drive-In Doors
3
Loading
Grade-Level
Voltage
480 V
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Building Details
Building Size
4,080 SF
Year Built
1966
Buildings
1
Tenancy
Single-Tenant
Listing Agency:
Lightle Beckner Robison, Inc.
Listed By:
Michael Moss II · License #FL #SL3551933
(321) 266-1150
Source:
Teamlbr
Added: Sep 26
Last Checked: Sep 26 at 3:23AM
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.
This freestanding flex building contains office and warehouse areas, both served by HVAC. The property includes 3-phase 480V power and three grade-level doors measuring 8' x 10'. It occupies 0.39 acres at 4041 Capron Road in Titusville, Florida. For a sale, the building will be delivered vacant.
Key Highlights
- Freestanding, single‑tenant flex building
- Office and warehouse areas served by HVAC
- 3‑phase 480V power
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
$41,658
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
6.94%
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%
$833,160
$833.2K
Cap Rate 7%
$595,114
$595.1K
Cap Rate 9%
$462,867
$462.9K
Market Conditions
NOI Build-Up for 4,080 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
$68.5K $16.80/SF
− Vacancy
−$4.5K −$1.09/SF
EGI
$64.1K $15.71/SF
− OpEx
−$22.4K −$5.50/SF
NOI
$41.7K $10.21/SF
Area
Brevard County, FL
Vacancy
6.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$833,160
Cap Rate 7%
$595,114
Cap Rate 9%
$462,867
Alternative Uses
Best Use
Flex RnD
$595.1K
$520.7K – $694.3K
NOI $41,658 @ 7.0% cap · market cap 6.94%
Second Best
Warehouse
$401.6K
$351.4K – $468.5K
NOI $28,112 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.08M
$941.9K – $1.26M
NOI $75,349 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Drive-in doors
Single-Tenant-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - A standalone flex property combines conditioned office and warehouse areas with three-phase electrical service.
Where is this flex space located?
The property is located at 4041 Capron Rd Titusville, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Freestanding, single‑tenant flex building; Office and warehouse areas served by HVAC; 3‑phase 480V power
