830 Century Medical DrTitusville, FL 32796

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

Medical offices

Property subtype

Medical centers

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.

• 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

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