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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4987 Washington Ave Titusville, FL 32780-7307

    • Medical offices
    • 5,760 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimations
    $860,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6117213
    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

    • Heather Vanlandingham / Loan Service / Bank
    • Larry W Nissen DDS PA / Dental Office
    • Jean Kelly, Re/Max Aerospace Realty / Real Estate Agency
    • Barlow Ortho / Dental Office
    • Monumental Life Insurance Co / Insurance Agency

    Property Details for 4987 Washington Ave

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.53 lot acres
    Property size
    5,760 SF
    Zone code
    CC
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    22-35-26-BF-00000.0-0024.01
    APU
    223526BF000000002401

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,210,000
      6.5%
      $1,115,000
      7%
      $1,035,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $653,000
      Market price range: $312k - $653k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $895,000
      Current use
      COMMERCIAL (GENERAL)
      $1,365,000
      Change: +53% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,200,000
      Change: +34% Conversion: Difficult
      OFFICE BUILDING
      $995,000
      Change: +11% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $795,000
      Change: -11% Conversion: Difficult
      RETAIL STORES
      $750,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.7954
    Latitude
    28.5508
    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
    $14,100
    $115,000
    $757,490
    $872,490
    -
    $115,000
    $757,490
    $872,490

    Comparable in this City

    • Value Estimation by Request
      2,262 SF

      4330 Hopkins Ave

      MEDICAL BUILDING • 2,262 SF
      4330 Hopkins Ave, Titusville, FL 32780-6610
      View Details
    • Value Estimation
      $795,000
      6,593 SF

      6700 Washington Ave

      DENTAL BUILDING • 6,593 SF
      6700 Washington Ave, Titusville, FL 32780-8050
      View Details
    • Value Estimation by Request
      2,118 SF

      1755 Washington Ave

      DENTAL BUILDING • 2,118 SF
      1755 Washington Ave, Titusville, FL 32780-4799
      View Details
    • Value Estimation
      $705,000
      5,830 SF

      4500 Hopkins Ave, Unit MEDA-B

      DENTAL BUILDING • 5,830 SF
      4500 Hopkins Ave, Titusville, FL 32780-6622
      View Details
    • Value Estimation by Request
      4,160 SF

      3808 Hopkins Ave

      DENTAL BUILDING • 4,160 SF
      3808 Hopkins Ave, Titusville, FL 32780-5753
      View Details
    • Value Estimation by Request
      1,602 SF

      1425 Washington Ave

      DENTAL BUILDING • 1,602 SF
      1425 Washington Ave, Titusville, FL 32780-4252
      View Details

    Similar Nearby for Sale

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      Titusville Mixed-Use Commercial Property

      US-1 Frontage, High Traffic, Versatile Layout
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      Titusville Office Condo - $69,900

      Prime Titusville Office, Excellent Location, Seller Financing!
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      Titusville Mixed-Use Commercial Property

      Prime Titusville investment: three suites, high rental potential.
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    • Contact for pricing
      14,620 SF

      Titusville Office Property For Sale

      Office property in Titusville, Florida, with value-add potential.
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    • $325,000

      Titusville Office Duplex Investment

      Downtown Titusville, FL Office Property
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    • $2,200,000
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      Space Coast Office Complex - High Traffic
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    Similar Nearby for Lease

    • $1,700 /Mo

      Park Avenue Professional Office Plaza

      Spacious Professional Office Turnkey professional office space for rent is very spacious. Located at the end of Country Club Dr and S Park Avenue, quiet. Open floor plan provides flexibility for various business layouts. Minimum lease one-year lease.
      3380 Park Ave, 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
    • $16 SF/Yr
      4,000 SF

      Titusville Office Space For Lease

      Modern medical/creative office suites available.
      687 Us Highway 1, Titusville, FL 32780
      View Details
    • $14 SF/Yr
      4,736 SF

      Titusville Office Space for Lease

      Prime Titusville Office: 4,736 sq ft
      3050 Hopkins Ave, Titusville, FL 32780
      View Details
    • $15 SF/Yr
      21,269 SF

      Buena Vista Office Building, Titusville

      Executive Suites, Prime Titusville Location
      3910 Washington Ave, Titusville, FL 32780
      View Details
    • $18 SF/Yr
      39,100 SF

      Washington Plaza Office Suites

      Prime Titusville Office Space Available
      3880 Washington Ave, Titusville, FL 32780
      View Details
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    4987 Washington Ave
    Titusville, FL 32780-7307
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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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