830 Century Medical DrTitusville, FL 32796
- Healthcare properties
- 9,946 SF
Property Details for 830 Century Medical Dr
- Year built
- 1991
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.04 AC
- Property size (Sq ft)
- 9,946 SF
- Zone code
- HM
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 21-35-33-01-00000.0-0016.00
- APU
- 9223372036854775807
Description
This 9,270 square foot freestanding medical and office building presents a compelling investment opportunity in Titusville, Florida. Located at 830 Century Medical Dr, 32796, within the Century Medical Plaza, this property boasts a prime location near Parrish Medical Center. The building, constructed in 1991 and situated on a 0.79-acre lot (APN: 21-35-33-01-*-16), is zoned for hospital and medical use. It features three individual suites. Suite A (approximately 3,019 square feet) is currently occupied by a healthcare tenant and includes exam rooms, private offices, three restrooms, an IT area, and a break room. Suite B (approximately 2,738 square feet), a former medical office, is vacant and offers a waiting area, nurses' station, exam rooms, private offices, and a break room. Finally, Suite C (approximately 3,603 square feet) is an unfinished open storage area, offering a blank slate for future development and is plumbed for restrooms. The property includes common open surface parking in a paved lot. The asking price is $1,250,000, translating to $134.84 per square foot. This property offers significant potential for both immediate income and future expansion within a thriving medical community. The building's versatile layout and strategic location make it an ideal investment for both seasoned and emerging investors in the healthcare real estate sector.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,363,156
- 6.5%
- $2,181,375
- 7%
- $2,025,562
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,708,022
- Geo Method
- $1,561,820
-
Alternative Use
- Use
- Valuation
- Residential
- $2,704,904
- Hospitality
- $2,477,678
- Educational
- $2,061,399
- Medical
- $2,132,294
- Retail
- $3,206,621
Location Insight
- City
- Titusville
- County
- Brevard
- State
- Florida
- Latitude
- 28.6256
- Longitude
- -80.8214
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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