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    2850 Counts Ln Titusville, FL 32796

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    2850 Counts Ln Titusville, FL 32796

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    • Residential land & home lots
    • 30,880 SF
    For Sale
    $2,500,000
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    Titusville Assisted Living Facility Opportunity For Sale
    $2,500,000
    30,880 SF

    Titusville Assisted Living Facility Opportunity

    11.3-acre property with 120-bed facility near Space Station.

    2850 COUNTS Lane, Titusville, FL 32796
    View Listing
    Property ID
    US18-4193691
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 2850 Counts Ln

    Year built
    1968
    Property size
    30,880 SF
    Property type
    Residential land & home lots
    Property subtype
    Assisted living facilities

    Description

    Transformative 11.3‑Acre Opportunity at 2850 Counts Ln, Titusville, FL Incredible redevelopment site just minutes from Kennedy Space Center launches, Parish Medical Center, Tranquility Shores gated community, the rising Titusville Resort & Destinations project, and key aerospace logistics developments. Spanning 11.3 acres with 33,804 SF under air, this fully‑fenced asset includes full utilities (electricity, city water & sewer). The interior has been extensively demolished—offering a blank canvas for seamless remodeling—while the courtyard boasts a spacious canopy, ideal for serene communal use. Zoning and future land use (Residential‑4) allow up to four homes per acre—supporting 100+ townhome units—or institutional, commercial and civic reuse. Potential uses range from VA housing, assisted living, group homes, healthcare facilities or sports academies, to government offices, corporate headquarters, ministorage, religious institutions or educational centers. Strategic positioning within North Brevard's expanding aerospace/infrastructure corridor offers strong upside. Lockheed Martin is investing $140/million in aerospace jobs herebringing 300+ skilled roles with average wages near $89K annually. Infrastructure is improving rapidly: new high-rise NASA Causeway bridges (opened June 9, 2023 and March 19, 2025) enhance access to Merritt Island and Cape Canaveral. Governor DeSantis awarded over $5.8/million for roadway access to Space Coast Regional Airport and Innovation Parkprojected to generate 900+ jobs. Downtown redevelopment is gaining momentum. Former Sandpoint Plaza is being reimagined into Horizon at Sandpoint, and Searstown Mall is evolving into a mixeduse urban village with apartments, retail, hotel, and senior living . Nearby projects include 43unit townhomes approved by city council on Barn Ave and A Street. Titusville Mayor Connors is spearheading a growth pivotlocalizing economic development and streamlining permitting to attract spacesector firms and small business. Tourism on Florida's Space Coast remains strong: 2024 saw record rocket launches, cruise activity and hotel investmentwith three new hotels adding 374 rooms in the area and nine additional hotels with 1,100 rooms expected in 2025 . The expanding East Central Regional Rail Trail now connects into this community, linking Titusville to a regional 52mile trail system . A Brightline commuter-rail station is under study nearby, promising future connectivity and transitoriented growth. 2850 Counts Ln delivers rare scale, flexibility, and location advantagewithin booming aerospace, healthcare, tourism and residential hubs. The interior demolition is complete, utilities are on site, and the courtyard canopy remains intact. Selling AsIs; buyer to verify all info. This is your chance to shape North Brevard's renaissance: build assisted living, townhomes, institutional usesor a purposedriven community facilityand benefit from growth momentum in one of Florida's most dynamic mark. Buyer must confirm with city future land use and rezoning.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.8411477
    Latitude
    28.642113

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      Titusville Assisted Living Facility Opportunity

      11.3-acre property with 120-bed facility near Space Station.
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      Mixed-Use Investment Opportunity in Titusville

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      Titusville Assisted Living Facility Opportunity

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      2850 Counts Ln, Titusville, FL 32796
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      Mixed-Use Investment Opportunity in Titusville

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      Waterfront Office Space For Lease

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      Move-in Ready Medical Office Suites

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      Titusville Warehouse/Mix Use Space

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      Commercial Land For Lease

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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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