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830 Century Medical Dr / Parcel B Titusville, FL 32796

Medical Office Space Google Maps
9,946 SF 1.04 ac lot Built 1991
Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$285k
Range $257k – $314k (±10%)
Property ID US18-4065349

Property summary

AI-generated overview

This 9,270 square foot freestanding medical and office building presents a compelling investment opportunity in Titusville, Florida. Located at 830 Century Medical Dr, 32796, within the Century Medical Plaza, this property boasts a prime location near Parrish Medical Center. The building, constructed in 1991 and situated on a 0.79-acre lot (APN: 21-35-33-01-*-16), is zoned for hospital and medical use. It features three individual suites. Suite A (approximately 3,019 square feet) is currently occupied by a healthcare tenant and includes exam rooms, private offices, three restrooms, an IT area, and a break room. Suite B (approximately 2,738 square feet), a former medical office, is vacant and offers a waiting area, nurses' station, exam rooms, private offices, and a break room. Finally, Suite C (approximately 3,603 square feet) is an unfinished open storage area, offering a blank slate for future development and is plumbed for restrooms. The property includes common open surface parking in a paved lot. The asking price is $1,250,000, translating to $134.84 per square foot. This property offers significant potential for both immediate income and future expansion within a thriving medical community. The building's versatile layout and strategic location make it an ideal investment for both seasoned and emerging investors in the healthcare real estate sector.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1991
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,946 SF
Lot 1.04 ac (45,302 SF)
Zoning code HM
APN 21-35-33-01-00000.0-0016.00
UPID US18-4065349

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Physician
  • Physician
  • Pediatrician Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$913k
Blend (final) Blend
$285k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

HM · Titusville, FL
Zoning description

The Hospital Medical (HM) district is created to provide a protective area for the harmonious development of health care facilities and accessory services convenient to arterial streets. The district is intended to be pr…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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