3755 Cheney Hwy Titusville, FL 32780-2500
Property profile & analytics
3755 Cheney Hwy, Titusville, FL 32780-2500
- Hotels
- 77,894 SF
- 4.17 lot acres
Property ID
US18-0159020
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.
Location Intelligence
Current Use by Public Records
- SemaConnect Charging Station / Electric Vehicle Charging Station
- Days Inn by Wyndham Titusville Kennedy Space Center / Hotel & Motel
- NASCAR Refuel Tenders & Burgers / Restaurant
- Blink Charging Station / Electric Vehicle Charging Station
- Pardon My Cheesesteak / Restaurant
Property Details for 3755 Cheney Hwy
- Year built
- 1974
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.17 lot acres
- Zone code
- T
- Property type
- Hotels
- APN
- 22-35-30-AV-00000.0-0071.01
- APU
- 223530AV000000007101
Description
This exceptional investment opportunity presents a 141-key Days Inn by Wyndham located in Titusville, Florida, directly off Interstate-95. The property boasts high visibility and sits on approximately 4.17 acres. The hotel features two two-story buildings with an exterior corridor design. A significant asset is the inclusion of a net-leased IHOP restaurant generating approximately $62,382 in annual net operating income (NOI) under a lease extending to 2029, which is considered below market rate. Further enhancing the offering is a fully furnished, 900-square-foot, two-bedroom, one-bathroom apartment with a full kitchen, available for long-term lease, separate from the hotel's 141 rooms. The hotel's strategic location offers proximity to major attractions, including the Kennedy Space Center Visitor Complex (12 miles), Port Canaveral (23 miles), and three major airports within 40 miles. Recent financial data reveals a trailing twelve-month (T12) June 2024 net operating income of $824,002, a room revenue of $2,984,286, and a project room revenue multiplier of 3.08x. The average daily rate (ADR) was $80.99, occupancy was 71.40%, and the revenue per available room (RevPAR) was $57.83. The property, built in 1985, is considered to be in good condition, with a Wyndham-approved Dawn Package renovation completed. An estimated $150,000+/- change of ownership PIP is anticipated, subject to Wyndham Hotels verification. The property's location within the high-growth market of Brevard County, near diverse demand generators, positions it for continued success. The asking price is $9,800,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Titusville
- County
- Brevard
- State
- Florida
- Longitude
- -80.8544
- Latitude
- 28.5496
- 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
$75,732
$1,270,210
$2,634,200
$3,904,410
-
$1,270,210
$2,634,200
$3,904,410
