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    Holly Carver, Titusville, FL

    License ID: BK 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
    20

    Listings

    For Sale (9)

    View map
    • $1,600,000

      137 Birch St

      Restaurants
      137 Birch St, Titusville, FL 32780
      View Details
    • $182,000
      0.86 Acres

      Titusville Commercial Land Investment

      .86-acre wooded lot, dual access, prime location.
      2528 Garden St, Titusville, FL 32796
      View Details
    • $2,700,000
      14.00 Acres

      2215 Cheney Hwy

      Land • 14.00 Acres
      2215 Cheney Hwy, Titusville, FL 32780
      View Details
    • $1,800,000
      1.30 Acres

      Titusville Commercial Land - $1.8M

      1.3-Acre Pad-Ready Outparcel, High Traffic
      2805 Cheney Hwy, Titusville, FL 32780
      View Details
    • $1,800,000
      10,059 SF

      Rivertowne Plaza: Titusville Retail

      Multi-tenant retail plaza, high-traffic location.
      2690 Hopkins Ave, Titusville, FL 32780
      View Details
    • $510,000
      0.54 Acres

      Titusville Commercial Land - River View

      Prime 0.54-acre lot, US-1 frontage, stunning river views.
      3798 Washington Ave, Titusville, FL 32780
      View Details
    • $1,200,000
      3,256 SF

      Titusville Mixed-Use Commercial Property

      US-1 Frontage, High Traffic, Versatile Layout
      2110 Washington Ave, Titusville, FL 32780
      View Details
    • $1,800,000
      10,059 SF

      Retail Plaza and Auto Shop

      Retail plaza with diverse tenants and auto repair business.
      2600 S Hopkins Ave, Titusville, FL 32780
      View Details
    • $1,200,000
      3,256 SF

      Commercial Building on US 1

      3256 SF commercial building with versatile layout and plentiful windows.
      2110 S Washington Ave, Titusville, FL 32796
      View Details

    For Lease (11)

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    • $29 SF/Yr
      1,200 SF

      Merritt Island Retail Space For Lease

      High-visibility storefront, 600 sq ft, prime location.
      923 Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • $17 SF/Yr
      17,258 SF

      Merritt Island Retail Space

      High-traffic retail space, prime location.
      925 Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • $20 SF/Yr
      22,545 SF

      300-310 S Washington Avenue

      Restaurants • 22,545 SF
      300 Washington Ave, Titusville, FL 32796
      View Details
    • $12 SF/Yr
      15,578 SF

      Titusville Waterfront Office Space

      Prime riverfront office, stunning views.
      219 Indian River Ave, Titusville, FL 32796
      View Details
    • Contact for pricing
      21,780 SF

      Cheney Hwy Retail Land Lease

      0.5-acre build-to-suit opportunity
      686 Cheney Hwy, Titusville, FL 32780
      View Details
    • $17 SF/Yr
      19,710 SF

      Titusville Executive Office Space

      Prime Titusville office suites, 800-3190 sqft.
      5095 Washington Ave, Titusville, FL 32780
      View Details
    • $12 SF/Yr
      8,356 SF

      Merritt Island Retail Showroom

      8,356 SF Showroom, High Visibility
      685 Courtenay Pkwy, Merritt Island, FL 32953
      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
      73,248 SF

      Titusville Retail Plaza Opportunity

      High-traffic retail space, flexible sizes.
      686 Cheney Hwy, Titusville, FL 32780
      View Details
    • $14 SF/Yr
      92,741 SF

      201 Crockett Blvd

      Neighborhood centers • 92,741 SF
      201 Crockett Blvd, Merritt Island, FL 32953
      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

    Leases and Sales on Map

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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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