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    Property profile & analytics

    2004 Washington Ave Titusville, FL 32780-4739

    • Drive through restaurants
    • 2,725 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimations
    $345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0528971
    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

    • Taco Bell / Restaurant / Tex-Mex Restaurant

    Property Details for 2004 Washington Ave

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.47 lot acres
    Property size
    2,725 SF
    Zone code
    T
    Property type
    Drive through restaurants
    APN
    22-35-10-01-00000.0-0061.00
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $374,000
      Market price range: $185k - $488k

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

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.8034
    Latitude
    28.591
    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
    $9,576
    $89,800
    $367,620
    $457,420
    -
    $89,800
    $367,620
    $457,420

    Comparable in this City

    • Value Estimation
      $580,000
      2,453 SF

      3675 Cheney Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,453 SF
      3675 Cheney Hwy, Titusville, FL 32780-2507
      View Details
    • Value Estimation
      $400,000
      3,081 SF

      3620 Washington Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,081 SF
      3620 Washington Ave, Titusville, FL 32780-5737
      View Details
    • Value Estimation
      $310,000
      1,008 SF

      855 Cheney Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,008 SF
      855 Cheney Hwy, Titusville, FL 32780-6902
      View Details
    • Value Estimation
      $405,000
      2,212 SF

      3343 Columbia Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,212 SF
      3343 Columbia Blvd, Titusville, FL 32780-7816
      View Details
    • Value Estimation
      $420,000
      5,903 SF

      3835 Washington Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,903 SF
      3835 Washington Ave, Titusville, FL 32780-5847
      View Details
    • Value Estimation
      $2,125,000
      1,526 SF

      650 Cheney Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,526 SF
      650 Cheney Hwy, Titusville, FL 32780-6951
      View Details

    Similar Nearby for Sale

    • $1,800,000
      10,059 SF

      Rivertowne Plaza: Titusville Retail

      Multi-tenant retail plaza, high-traffic location.
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    • $1,200,000
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      Titusville Mixed-Use Commercial Property

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    • $4,700,000
      17,393 SF

      Waterfront Restaurant Property in Titusville

      Premier waterfront restaurant with Indian River views and development potential.
      3665 S Washington Ave, Titusville, FL 32780
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    • $1,600,000

      137 Birch St

      Restaurants
      137 Birch St, Titusville, FL 32780
      View Details
    • $675,000

      Titusville Retail Investment Opportunity

      Prime location, high-traffic area, versatile building
      1348 Hopkins Ave, Titusville, FL 32780
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    • $120,000

      Titusville Retail Business Opportunity

      Established Gun Shop, High Visibility, $120,000
      1309 Washington Ave, Titusville, FL 32780
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      26,788 SF

      Southway Plaza: Titusville Retail Center

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

      Titusville Office Space Available

      Prime Titusville location, flexible suites.
      2400 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
    • Contact for pricing
      21,780 SF

      Cheney Hwy Retail Land Lease

      0.5-acre build-to-suit opportunity
      686 Cheney Hwy, Titusville, FL 32780
      View Details
    • 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
    • $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
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    2004 Washington Ave
    Titusville, FL 32780-4739
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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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