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    Holly Carver, Titusville, FL

    License ID: 3351454
    Rocket City Real Estate Llc
    Association
    Space Coast Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (321) 243-8967
    Office Address:
    1209 S Washington Ave, Titusville, FL, 32780

    Performance

    Listings
    13

    Listings

    For Sale (7)

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    • Contact for pricing

      Wooded Lot Near I-95

      0.86 acre wooded lot with development potential.
      2528 Garden St, Titusville, FL 32796
      View Details
    • Contact for pricing

      Prime Commercial Land Near I-95

      Pad-ready commercial land with highway frontage near I-95.
      2805 Cheney Hwy, Titusville, FL 32780
      View Details
    • Contact for pricing
      10,059 SF

      Multi-Tenant Plaza in Titusville

      Well-maintained plaza with diverse tenants in a strategic location.
      2690 S Hopkins Ave, Titusville, FL 32780
      View Details
    • Contact for pricing

      Prime Land Parcel on US 1

      0.54+/- acre commercial land with high traffic US 1 frontage.
      3798 S Washington Ave, Titusville, FL 32780
      View Details
    • Contact for pricing
      3,256 SF

      US1 Retail/Office Opportunity

      3200+ SF commercial building on US1, versatile layout.
      2110 S Washington Ave, Titusville, FL 32780
      View Details
    • Contact for pricing
      2,050 SF

      Freestanding Retail Building on US-1

      Retail building on US-1 in Titusville near Kennedy Space Center.
      4261 S Hopkins Ave, Titusville, FL 32780
      View Details
    • $1,250,000
      4 SF

      Titusville Industrial Land For Sale

      4.46 acres of M-2 industrial land in Titusville, Florida.
      3575 South St, Titusville, FL 32780
      View Details

    For Lease (6)

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      Prime Retail Space, Merritt Island

      High-visibility retail/office space in thriving Merritt Island location.
      923 N Courtenay Pkwy, Merritt Island, FL 32953
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    • Contact for pricing

      Merritt Island Retail Space Available

      Renovated retail space with high visibility and traffic.
      925 N Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • Contact for pricing

      Historic Building Retail and Restaurant Space

      Renovated retail and restaurant spaces in historic Titusville buildings.
      300 S Washington Ave, Titusville, FL 32796
      View Details
    • Contact for pricing

      Waterfront Office Space For Lease

      Unique waterfront office space with direct rocket launch views.
      219 Indian River Ave, Titusville, FL 32796
      View Details
    • Contact for pricing

      Central Merritt Island Retail Space

      Renovated plaza retail space in high-traffic Merritt Island location.
      201 Crockett Blvd, Merritt Island, FL 32953
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 1,700 square feet.
      2400 S Hopkins Ave, Titusville, FL 32780
      View Details

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    Holly Carver, Titusville, FL
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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.

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    Holly Carver, Titusville, FL
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