Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    322 Washington Ave Titusville, FL 32796-3548

    • Turn key restaurants
    • 1,860 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4885357
    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

    • Pier 13 Coffee Co. / Coffee Shop
    • The Mad Utter / Ice Cream Shop

    Property Details for 322 Washington Ave

    Year built
    1957
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.05 lot acres
    Property size
    1,860 SF
    Zone code
    CBD
    Property type
    Turn key restaurants
    APN
    22-35-03-03-00007.0-0001.09
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.8078
    Latitude
    28.6119
    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
    $2,233
    $9,900
    $88,810
    $98,710
    -
    $9,900
    $88,810
    $98,710

    Comparable in this City

    • Value Estimation by Request
      8,088 SF

      725 Washington Ave

      RESTAURANT • 8,088 SF
      725 Washington Ave, Titusville, FL 32796-2109
      View Details
    • Value Estimation
      $800,000
      0.95 Acres

      Titusville, FL 32796

      RESTAURANT • 0.95 Acres
      Titusville, FL 32796
      View Details
    • Value Estimation
      $535,000
      5,632 SF

      315 Hopkins Ave

      RESTAURANT • 5,632 SF
      315 Hopkins Ave, Titusville, FL 32796-3502
      View Details
    • Value Estimation by Request
      4,028 SF

      337 Washington Ave

      RESTAURANT • 4,028 SF
      337 Washington Ave, Titusville, FL 32796-3593
      View Details
    • Value Estimation
      $715,000
      13,261 SF

      1475 Gdn St

      RESTAURANT • 13,261 SF
      1475 Gdn St, Titusville, FL 32796-3269
      View Details
    • Value Estimation
      $1,845,000
      2,602 SF

      605 Hopkins Ave

      RESTAURANT • 2,602 SF
      605 Hopkins Ave, Titusville, FL 32796-7608
      View Details

    Similar Nearby for Sale

    • $1,700,000
      1,936 SF

      NNN Leased KFC For Sale

      NNN leased KFC with corporate guarantee and 12 years remaining.
      12 N Washington Ave, Titusville, FL 32796
      View Details
    • $1,576,000
      3,344 SF

      Titusville NNN Retail Opportunity

      NNN leased retail property with drive-thru and recent renovations.
      4250 S Washington Ave, Titusville, FL 32796
      View Details
    • $390,000

      Titusville Retail Space - $390K

      Prime Titusville retail space, high traffic, great potential.
      711 Garden St, Titusville, FL 32796
      View Details
    • $3,290,000
      600 SF

      Garden Street Office Centre

      Retail properties • 600 SF
      1225 Garden St, Titusville, FL 32796
      View Details
    • $600,000

      Titusville Retail Property - Prime Location

      Two-unit retail building, high-bay garage, large lot.
      613 Orange St, Titusville, FL 32796
      View Details
    • $279,900
      1,444 SF

      Versatile Commercial Building on Corner Lot

      1,444 sq ft commercial building on 0.41-acre corner lot.
      2701 Garden St, Titusville, FL 32796
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      22,545 SF

      300-310 S Washington Avenue

      Restaurants • 22,545 SF
      300 Washington Ave, Titusville, FL 32796
      View Details
    • $26 SF/Yr
      4,440 SF

      Titusville Retail Space - I-95 Frontage

      High-Visibility Restaurant/Retail Space Available
      3490 Garden St, Titusville, FL 32796
      View Details
    • $3,542 /Mo
      Pending

      Titusville Retail Space For Rent

      2,400 SF retail space in high-traffic Titusville location.
      68 N Carpenter Rd, Titusville, FL 32796
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Anchored by Publix

      Retail spaces available in a busy, anchored shopping center.
      3229-3275 Garden St, Titusville, FL 32796
      View Details
    • $130,500

      Renovated Retail Spaces Available

      Recently renovated retail spaces for lease in mixed-use plaza.
      600 S Park Ave, Titusville, FL 32796
      View Details
    • $15 SF/Yr
      20,000 SF

      Titusville Office Retail Complex

      Prime Titusville Office Suites Available
      1231 Garden St, Titusville, FL 32796
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    322 Washington Ave
    Titusville, FL 32796-3548
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.