Freestanding Retail Building on
For Sale
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4261 S Hopkins Ave, Titusville, FL 32780
Retail building on US-1 in Titusville near Kennedy Space Center.
Property Size2,050 SF
Lot Size0.29 Acres
Price / SF$131.22
Days on Market185
Property Features for 4261 S Hopkins Ave
General Information
Standard status
Active
Size
2,050 SF
Class
D
Lot size
0.29 Acres
Property subtype
Retail
Zoning
IRCN-C
Investment Type
Owner/User
Building Details
Year Built
1966
Buildings
1
Stories
1
Listing Agency:
Rocket City Commercial, Brokered by eXp Commercial
(321) 291-6601
Listed By:
Lisa Earnhardt · License #SL3439689
Source:
Crexi
Added: Feb 12
Changed: Aug 15
Last Checked: Aug 13 at 5:45AM
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 Rocket City Commercial, Brokered by eXp Commercial
Investment Insights
Based on property information with market context.
Located on 0.29 acres, this property features a 1,344 square foot freestanding retail building with frontage and visibility on S. Hopkins Ave (US-1). Constructed in 1966, the building features masonry and wood frame construction, an asphalt shingle roof, and a wood truss structure. The site includes approximately 9,138 square feet of asphalt paving, plus concrete areas, offering on-site parking and operational flexibility. Zoned IRCN-C (Indian River City Neighborhood Commercial), the property supports a range of neighborhood-serving commercial uses such as retail storefronts, service businesses, boutique concepts, and specialty shops. The property is positioned along the US-1 (S. Hopkins Avenue) corridor in Titusville, near Kennedy Space Center. US-1 serves as a primary north-south artery, connecting neighborhoods with downtown Titusville and regional employment centers, supporting traffic exposure and access for retail and service uses. The location benefits from rising demand tied to aerospace employment, contractor and supplier growth, and ongoing residential expansion. This property is ideal for an owner-user seeking exposure or an investor looking for an asset in a growth market.
Key Highlights
- Prime location on S. Hopkins Ave (US‑1) with excellent frontage and visibility.
- Located minutes from Kennedy Space Center and the expanding aerospace/defense industry.
- Zoned IRCN‑C, supporting a broad range of neighborhood‑serving commercial uses.
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
$23,634
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
8.79%
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%
$472,680
$472.7K
Cap Rate 7%
$337,629
$337.6K
Cap Rate 9%
$262,600
$262.6K
Market Conditions
NOI Build-Up for 2,050 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
$36.9K $18.00/SF
− Vacancy
−$3.1K −$1.53/SF
EGI
$33.8K $16.47/SF
− OpEx
−$10.1K −$4.94/SF
NOI
$23.6K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$472,680
Cap Rate 7%
$337,629
Cap Rate 9%
$262,600
Alternative Uses
Best Use
Retail
$337.6K
$295.4K – $393.9K
NOI $23,634 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$540.8K
$473.2K – $631.0K
NOI $37,859 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
531
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building on US-1 in Titusville near Kennedy Space Center.
Where is this storefront property located?
The property is located at 4261 S Hopkins Ave Titusville, FL.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Prime location on S. Hopkins Ave (US‑1) with excellent frontage and visibility.; Located minutes from Kennedy Space Center and the expanding aerospace/defense industry.; Zoned IRCN‑C, supporting a broad range of neighborhood‑serving commercial uses.
