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    3558 Hopkins 3558 Ave Titusville, FL 32780

    • Retail properties
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3558 Hopkins 3558 Ave

    Year built
    1965
    Lot size
    0.28 lot acres
    Property type
    Retail properties

    Description

    This exceptional 0.28-acre retail property at 3558 S Hopkins Avenue in Titusville, Florida, presents a unique investment opportunity. Located directly across from the Titusville Mall, currently undergoing a significant multi-use redevelopment project encompassing hotels, retail spaces, apartments, and restaurants, this building benefits from unparalleled visibility and high traffic volume. The property boasts an estimated daily traffic count of 10,000-11,000 vehicles on S Hopkins Ave. Recent substantial upgrades enhance its appeal and functionality. These improvements include a new 12-foot high electric roll-up garage door, new impact-resistant storefront windows, a refreshed stucco exterior with new paint, and a comprehensive electrical upgrade featuring 480v 3-phase power. The roof has been entirely replaced with a new pitched, fully fastened TPO system manufactured by GAF, ensuring long-term durability. Ample parking is available, with a minimum of 12 spaces located in front and along the side of the building. The interior is framed, ready for tenant build-out, and includes one framed-out bathroom at the rear. This property is priced at $650,000 and offers significant potential for immediate return on investment and long-term growth due to its prime location and proximity to the revitalized Titusville Mall.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.8043
    Latitude
    28.5745

    Comparable in this City

    • Value Estimation
      $270,000
      3,238 SF

      4295 Hopkins Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,238 SF
      4295 Hopkins Ave, Titusville, FL 32780-6607
      View Details
    • Value Estimation
      $220,000
      3,312 SF

      3667 Hopkins Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,312 SF
      3667 Hopkins Ave, Titusville, FL 32780-5708
      View Details
    • Value Estimation
      $255,000
      651 SF

      212 Cheney Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 651 SF
      212 Cheney Hwy, Titusville, FL 32780-6695
      View Details
    • Value Estimation by Request
      13,280 SF

      598 Park Ave

      Retail properties • 13,280 SF
      598 Park Ave, Titusville, FL 32780
      View Details
    • Value Estimation
      $545,000
      978 SF

      101 Astronaut Ln

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 978 SF
      101 Astronaut Ln, Titusville, FL 32780-8140
      View Details
    • Value Estimation
      $3,230,000
      392 SF

      925 Cheney Hwy Lot, Unit 1

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 392 SF
      925 Cheney Hwy Lot, Titusville, FL 32780-6935
      View Details

    Similar Nearby for Sale

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      Rivertowne Plaza: Titusville Retail

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    Similar Nearby for Lease

    • Contact for pricing
      36,155 SF

      Last Titusville Retail Space Available

      Prime Retail Space, 1 Acre, High Traffic
      2035 Cheney Hwy, Titusville, FL 32780
      View Details
    • $14 SF/Yr
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      Titusville Office Space For Lease

      Prime Titusville location, 1 space available.
      3550 Hopkins Ave, Titusville, FL 32780
      View Details
    • $14 SF/Yr
      26,788 SF

      Southway Plaza: Titusville Retail Center

      High-traffic Titusville retail space available.
      601 Cheney Hwy, Titusville, FL 32780
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    • $20 SF/Yr
      11,755 SF

      Titusville Office Space Available

      Prime Titusville location, flexible suites.
      2400 Hopkins Ave, Titusville, FL 32780
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    • $1,250 /Mo
      5,427 SF

      Retail Property in Titusville, FL

      Retail property for lease in a convenient Titusville location.
      1412 S Hopkins Ave, Titusville, FL 32780
      View Details
    • $12 SF/Yr
      77,375 SF

      Titusville Plaza Retail Center

      High-visibility Titusville retail space.
      1528 Harrison St, Titusville, FL 32780
      View Details
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    Titusville, FL 32780
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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