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

    5195 Washington Ave Titusville, FL 32780-7334

    • Office buildings
    • 11,210 SF
    • 1.54 lot acres
    OFF-MARKET
    Last Sale
    Apr 14, 2022
    $1,175,000
    Value Estimations
    $1,125,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0697139
    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

    • Office buildings

    Property Details for 5195 Washington Ave

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.54 lot acres
    Property size
    11,210 SF
    Zone code
    CC
    Property type
    Office buildings
    APN
    22-35-26-BF-00000.0-0034.01
    APU
    223526BF000000003401

    Description

    This exceptional 10,940-square-foot creative office building is available for lease in Titusville, Florida. Located at 5195 S. Washington Ave., this single-tenant property offers ample space for a variety of businesses. Previously used as a church, the building is zoned Community/Commercial, providing flexibility for diverse uses. Situated in Brevard County, this location offers easy access to major employers, including Kennedy Space Center/NASA, SpaceX, Blue Origin, L3-Harris Technologies, Cape Canaveral Cruises, Northrop Grumman, and Parrish Medical Center, ensuring a strong workforce pool and vibrant community. The entire building is vacant and ready for immediate occupancy. The property features a total of 10,940 square feet of usable space. The lease terms are negotiable, and the tenant is responsible for maintaining the lawn and landscaping. This presents a unique opportunity to establish a presence in a thriving area with excellent access to a skilled workforce and significant economic drivers. The property's zoning allows for a wide range of commercial uses, making it an attractive option for businesses seeking a versatile and strategically located space. Contact us today to learn more about this exceptional opportunity. The zip code is 32780.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,000,000
      ML approach
      $1,150,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,558,000
      Market price range: $773k - $2.46M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,740,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.7951
    Latitude
    28.5479
    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
    $18,470
    $107,910
    $834,200
    $942,110
    -
    $107,910
    $834,200
    $942,110

    Comparable in this City

    • Value Estimation
      $3,995,000
      18,770 SF

      2290 Columbia Blvd

      OFFICE BUILDING • 18,770 SF
      2290 Columbia Blvd, Titusville, FL 32780-7032
      View Details
    • Value Estimation by Request
      2,480 SF

      106 Plantation Dr

      OFFICE BUILDING (MULTI-STORY) • 2,480 SF
      106 Plantation Dr, Titusville, FL 32780-2570
      View Details
    • Value Estimation
      $2,415,000
      13,621 SF

      2395 Washington Ave

      OFFICE BUILDING • 13,621 SF
      2395 Washington Ave, Titusville, FL 32780-4702
      View Details
    • Value Estimation
      $3,025,000
      13,020 SF

      1400 White Dr

      OFFICE BUILDING • 13,020 SF
      1400 White Dr, Titusville, FL 32780-9657
      View Details
    • Value Estimation
      $3,640,000
      17,988 SF

      2955 Columbia Blvd

      OFFICE BUILDING • 17,988 SF
      2955 Columbia Blvd, Titusville, FL 32780-7802
      View Details
    • Value Estimation by Request
      1,944 SF

      131 Harrison St

      OFFICE BUILDING • 1,944 SF
      131 Harrison St, Titusville, FL 32780-5080
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,620 SF

      Titusville Office Property For Sale

      Office property in Titusville, Florida, with value-add potential.
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      View Details
    • $1,200,000
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      Titusville Mixed-Use Commercial Property

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    • $69,900

      Titusville Office Condo - $69,900

      Prime Titusville Office, Excellent Location, Seller Financing!
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    • $550,000

      Titusville Mixed-Use Commercial Property

      Prime Titusville investment: three suites, high rental potential.
      3408 Park Ave, Titusville, FL 32780
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    • $325,000

      Titusville Office Duplex Investment

      Downtown Titusville, FL Office Property
      818 Garden St, Titusville, FL 32780
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    • $2,200,000
      1.58 Acres

      Titusville Office Building Investment

      Space Coast Office Complex - High Traffic
      6770 Washington 6770 Ave, Titusville, FL 32780
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      77,375 SF

      Titusville Plaza Retail Center

      High-visibility Titusville retail space.
      1528 Harrison St, Titusville, FL 32780
      View Details
    • $16 SF/Yr
      4,000 SF

      Titusville Office Space For Lease

      Modern medical/creative office suites available.
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      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
    • $3,200 /Mo
      620 SF

      Titusville Commercial Space For Rent

      Commercial space for rent with high visibility in Titusville, FL.
      1210 S Washington Ave, Titusville, FL 32780
      View Details
    • $18 SF/Yr
      39,100 SF

      Washington Plaza Office Suites

      Prime Titusville Office Space Available
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      View Details
    • $15 SF/Yr
      21,269 SF

      Buena Vista Office Building, Titusville

      Executive Suites, Prime Titusville Location
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      View Details
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    5195 Washington Ave
    Titusville, FL 32780-7334
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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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