830 Century Medical DrTitusville, FL 32796

  • Healthcare properties
  • 9,946 SF
For Sale
$1,250,000 View listing

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
830 Century Medical Dr, Titusville, Florida

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

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
$6,924
$117,000
$906,740
$1,023,740
-
$117,000
$906,740
$1,023,740

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