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Property profile & analytics

2006 Washington Ave Titusville, FL 32780-4739

  • Motels
  • 6,704 SF
  • 0.31 lot acres
OFF-MARKET
Last Sale
Aug 21, 2024
$950,000
Value Estimations
$950,000
Show details
Cap Rate Potential
6.4%
Motels
Location Intelligence
Property ID
US18-5290052
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

  • Siesta Motor Inn / Motel

Property Details for 2006 Washington Ave

Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.31 lot acres
Property size
6,704 SF
Zone code
T
Property type
Motels
APN
22-35-10-01-00000.0-0064.00
APU
9223372036854775807

Description

This exceptional investment opportunity presents a unique 0.31-acre commercial property located at 2006 Washington Avenue in Titusville, Florida, 32780. The property, a charming mid-century motor court, boasts 15 well-appointed rooms, including three full guest suites on the second floor. One suite features a private entrance and courtyard, and two rooms are designed for double occupancy. Significant recent improvements exceeding $60,000 have been made, encompassing a new metal roof, exterior paint, window replacements, tankless water heaters, a security camera system, an upgraded electrical panel, combination door locks, custom tropical-design railings and stairs, and new paver walkways and patios. The property also includes an on-site coin-operated laundry and a maid's storage room. An approximately 800-square-foot private apartment on the second floor offers a river view and features a full kitchen, living room, dining area, a spacious bedroom with an ensuite bathroom, and ample closet space. The property's prime location on US Highway 1 ensures high visibility and access to both local and tourist traffic. National brand shopping, restaurants, and a movie theater are within a half-mile radius, and numerous locally owned businesses are within one mile. The asking price for this remarkable property is $1,250,000.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $950,000
    ML approach
    $950,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,010,000
    6.5%
    $930,000
    7%
    $865,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $950,000
    Market price range: $950k - $2.54M
  • Alternative Use

    Use
    Estimation
    AUTO REPAIR, GARAGE
    $1,400,000

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


Location Insight

  • Map
  • Local Demand
City
Titusville
County
Brevard
State
Florida
Longitude
-80.8033
Latitude
28.5907
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
$6,932
$59,490
$287,040
$346,530
-
$59,490
$287,040
$346,530
More about this property
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