Office Building with Training
For Sale
$15,750,000
6350 Horizon Dr, Titusville, FL 32780
Versatile office facility with conference areas, specialized training space, secure operations rooms, and substantial parking.
Property Size52,526 SF
Price / SF$299.85
Days on Market194
Property Features for 6350 Horizon Dr
General Information
Standard status
Active
Size
52,526 SF
Class
B
Property subtype
Other Hospitality
Zoning
PID
Amenities
training rooms
professional offices
conference rooms
shooting range
museum and memorial space
break areas
garage
tech room
electrical room
mailroom
Building Details
Building Size
52,526 SF
Year Built
2003
Buildings
1
Listing Agency:
Lightle Beckner Robison, Inc
(321) 722-0707
Listed By:
Brian Lightle, CCIM, SIOR
(321) 722-0707
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 5:12AM
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.
Built in 2003, this 52,526 SF office facility combines private work areas, conference rooms, training rooms, break areas, a mailroom, and a dedicated technology room with surveillance capabilities. The building also includes a three-phase electrical room, vaulted ceilings, extensive lighting, a substantial garage with roll-up door access, and a 24-lane indoor shooting range with separated lanes. A museum and memorial area is also incorporated into the property.
The facility is located at 6350 Horizon Dr in Titusville, alongside NASA Causeway and across from Lockheed Martin. Two hotels are within walking distance, and Kennedy Space Center is nearby. The property is zoned PID and includes abundant parking for employees, groups, and events.
The facility is located at 6350 Horizon Dr in Titusville, alongside NASA Causeway and across from Lockheed Martin. Two hotels are within walking distance, and Kennedy Space Center is nearby. The property is zoned PID and includes abundant parking for employees, groups, and events.
Key Highlights
- 52,526 SF office facility built in 2003
- 24‑lane indoor shooting range with individual separated lanes
- Training rooms, private offices, conference rooms, mailroom, and break areas
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
$714,774
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
4.54%
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%
$14,295,480
$14.3M
Cap Rate 7%
$10,211,057
$10.2M
Cap Rate 9%
$7,941,933
$7.9M
Market Conditions
NOI Build-Up for 52,526 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
$1.13M $21.60/SF
− Vacancy
−$181.5K −$3.46/SF
EGI
$953.0K $18.14/SF
− OpEx
−$238.3K −$4.54/SF
NOI
$714.8K $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%
$14,295,480
Cap Rate 7%
$10,211,057
Cap Rate 9%
$7,941,933
Alternative Uses
Best Use
Office B
$10.21M
$8.93M – $11.91M
NOI $714,774 @ 7.0% cap · market cap 4.54%
Second Best
Mixed Use
$8.71M
$7.62M – $10.16M
NOI $609,433 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$13.86M
$12.13M – $16.17M
NOI $970,050 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
29
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 building - Versatile office facility with conference areas, specialized training space, secure operations rooms, and substantial parking.
Where is this office building located?
The property is located at 6350 Horizon Dr Titusville, FL.
What is the asking price?
The asking price for this property is $15,750,000.
What are key features of this property?
This property features: 52,526 SF office facility built in 2003; 24‑lane indoor shooting range with individual separated lanes; Training rooms, private offices, conference rooms, mailroom, and break areas
