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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4420 Hopkins Ave Titusville, FL 32780-6690

    • Office buildings
    • 3,080 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Dec 23, 2024
    $370,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0278485
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Space Coast Urology LLC / Physician / Medical Clinic
    • Gonzalez Justo MD / Physician / Medical Clinic
    • Dr. Deborah Malone / Pediatrician / Physician
    • Z Florida Homes / Construction Company / General Contractor

    Property Details for 4420 Hopkins Ave

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.19 lot acres
    Property size
    3,080 SF
    Zone code
    CC
    Property type
    Office buildings
    APN
    22-35-22-00-00759.0-0000.00
    APU
    9223372036854775807

    Description

    This exceptional 2,695 square foot special purpose property, built in 1987, is ideally situated at 4420 S Hopkins Ave, Titusville, FL 32780, in Brevard County. Currently fully leased to a medical tenant, this versatile space offers significant income potential. The Indian River City Commercial zoning allows for a wide range of uses including, but not limited to, art studios, beauty salons, retail stores, service businesses (dry cleaning, funeral homes), and professional offices. The interior boasts a spacious waiting room with its own bathroom, a reception area with an attached chart room, seven fully equipped patient rooms, two additional professional offices (one with a private bathroom), three total bathrooms (including wheelchair-accessible options), a break room, and a security room. City utility services are readily available. The property benefits from a high traffic count, with 7,420 vehicles daily on South Hopkins Drive, increasing to 16,310 less than 1000 feet south on Che [Street name cut off in original data]. Detailed financial information is available upon execution of a non-disclosure agreement. This presents a unique opportunity for investors seeking a strong return in a prime Titusville location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.8017
    Latitude
    28.56
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,575
    $23,230
    $248,600
    $271,830
    -
    $23,230
    $248,600
    $271,830

    Comparable in this City

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      $3,995,000
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    • Value Estimation by Request
      2,480 SF

      106 Plantation Dr

      OFFICE BUILDING (MULTI-STORY) • 2,480 SF
      106 Plantation Dr, Titusville, FL 32780-2570
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    • Value Estimation
      $3,640,000
      17,988 SF

      2955 Columbia Blvd

      OFFICE BUILDING • 17,988 SF
      2955 Columbia Blvd, Titusville, FL 32780-7802
      View Details
    • Value Estimation
      $2,415,000
      13,621 SF

      2395 Washington Ave

      OFFICE BUILDING • 13,621 SF
      2395 Washington Ave, Titusville, FL 32780-4702
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    • Value Estimation
      $3,025,000
      13,020 SF

      1400 White Dr

      OFFICE BUILDING • 13,020 SF
      1400 White Dr, Titusville, FL 32780-9657
      View Details
    • Value Estimation
      $1,550,000
      6,664 SF

      1330 Knox Mcrae Dr, Unit 6A

      PROFESSIONAL BUILDING • 6,664 SF
      1330 Knox Mcrae Dr, Titusville, FL 32780-6139
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $20 SF/Yr
      11,755 SF

      Titusville Office Space Available

      Prime Titusville location, flexible suites.
      2400 Hopkins Ave, Titusville, FL 32780
      View Details
    • $3,200 /Mo
      620 SF

      Titusville Commercial Space For Rent

      Commercial space for rent with high visibility in Titusville, FL.
      1210 S Washington Ave, Titusville, FL 32780
      View Details
    • $14 SF/Yr
      5,670 SF

      Titusville Office Space For Lease

      Prime Titusville location, 1 space available.
      3550 Hopkins Ave, Titusville, FL 32780
      View Details
    • $17 SF/Yr
      19,710 SF

      Titusville Executive Office Space

      Prime Titusville office suites, 800-3190 sqft.
      5095 Washington Ave, Titusville, FL 32780
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    • $18 SF/Yr
      39,100 SF

      Washington Plaza Office Suites

      Prime Titusville Office Space Available
      3880 Washington Ave, Titusville, FL 32780
      View Details
    • $15 SF/Yr
      21,269 SF

      Buena Vista Office Building, Titusville

      Executive Suites, Prime Titusville Location
      3910 Washington Ave, Titusville, FL 32780
      View Details
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    Titusville, FL 32780-6690
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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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