Freestanding Retail Building on
For Sale
$269,000
4261 South Hopkins Avenue, Titusville, FL 32780
Retail building on US-1 in Titusville near Kennedy Space Center.
Property Size1,344 SF
Lot Size0.29 Acres
Price / SF$200.15
Days on Market251
Property Features for 4261 South Hopkins Avenue
General Information
Standard status
Active
Size
1,344 SF
Lot size
0.29 Acres
Zoning
IRCN-C
Listing Agency:
Rocket City Commercial, Brokered by eXp Commercial
Listed By:
Lisa Earnhardt · License #• SL3439689
(407) 929-8009
Source:
Expcommercial
Added: Feb 12
Changed: Oct 21
Last Checked: Oct 20 at 5:04PM
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
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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 / Yr
$15,495
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,900
$309.9K
Cap Rate 7%
$221,357
$221.4K
Cap Rate 9%
$172,167
$172.2K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$24.2K $18.00/SF
− Vacancy
−$2.1K −$1.53/SF
EGI
$22.1K $16.47/SF
− OpEx
−$6.6K −$4.94/SF
NOI
$15.5K $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 Rate 5%
$309,900
Cap Rate 7%
$221,357
Cap Rate 9%
$172,167
Alternative Uses
Best Use
Retail
$221.4K
$193.7K – $258.3K
NOI $15,495 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$354.6K
$310.3K – $413.7K
NOI $24,821 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
610
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
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Carousel Florist — 377 Cheney Hwy, Titusville, FL 32780
- Fleur De Lis — 989 Knox McRae Dr, Titusville, FL 32780
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 South Hopkins Avenue 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.
