Flex Warehouse with
For Sale
$500,000
4400 S Hopkins Ave, Titusville, FL 32780
Warehouse with small office and roll-up door, with part of the space currently leased.
Property Size4,760 SF
Price / SF$105.04
Days on Market275
Property Features for 4400 S Hopkins Ave
General Information
Standard status
Active
Size
4,760 SF
Zoning
IRCN-C
Listing Agency:
Rocket City Commercial, Brokered by eXp Commercial
Listed By:
Lisa Earnhardt · License #• SL3439689
(407) 929-8009
Source:
Expcommercial
Added: Dec 4, 2025
Changed: Sep 4
Last Checked: Sep 4 at 2:01AM
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.
Flex warehouse property with a small office and warehouse area featuring a roll-up door. The building totals 4,760 SF, with 1,000 SF currently leased, providing immediate rental income for a buyer. The configuration includes a front office and a warehouse space designed for practical day-to-day use.
Located at 4400 S Hopkins Ave in Titusville, the property offers frontage parking and is described as being near major corridors within the area’s business corridor. The current zoning is noted as IRCN-C, which does not allow for contractors, but contractor use is described as grandfathered due to perpetual use. The buyer is advised to confirm zoning status with a Zoning Verification Letter from the City of Titusville (short form).
Located at 4400 S Hopkins Ave in Titusville, the property offers frontage parking and is described as being near major corridors within the area’s business corridor. The current zoning is noted as IRCN-C, which does not allow for contractors, but contractor use is described as grandfathered due to perpetual use. The buyer is advised to confirm zoning status with a Zoning Verification Letter from the City of Titusville (short form).
Key Highlights
- 4,760 SF total flex/warehouse building with small office and a roll‑up door
- 1,000 SF currently leased for immediate rental income
- Front office plus warehouse layout with roll‑up door
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
$32,797
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
6.56%
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%
$655,940
$655.9K
Cap Rate 7%
$468,529
$468.5K
Cap Rate 9%
$364,411
$364.4K
Market Conditions
NOI Build-Up for 4,760 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
$40.0K $8.40/SF
− Vacancy
−$1.4K −$0.29/SF
EGI
$38.6K $8.11/SF
− OpEx
−$5.8K −$1.22/SF
NOI
$32.8K $6.89/SF
Area
Brevard County, FL
Vacancy
3.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
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%
$655,940
Cap Rate 7%
$468,529
Cap Rate 9%
$364,411
Alternative Uses
Best Use
Office B
$925.3K
$809.7K – $1.08M
NOI $64,774 @ 7.0% cap · market cap 12.95%
Second Best
Flex RnD
$694.3K
$607.5K – $810.0K
NOI $48,601 @ 7.0% cap · market cap 9.72%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,908 @ 7.0% cap · market cap 17.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
586
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse with small office and roll-up door, with part of the space currently leased.
Where is this flex space located?
The property is located at 4400 S Hopkins Ave Titusville, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 4,760 SF total flex/warehouse building with small office and a roll‑up door; 1,000 SF currently leased for immediate rental income; Front office plus warehouse layout with roll‑up door
