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    1015 Gdn St Titusville, FL 32796-3306
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    Property profile & analytics

    1015 Gdn St Titusville, FL 32796-3306

    View on Map
    • Strip malls
    • 8,077 SF
    • 0.46 lot acres
    Off-Market
    Last Sale Apr 24, 2025
    $955,000
    Property ID
    US18-1919390
    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.
    Value Estimations
    $980,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Remax Aerospace Realty / Real Estate Agency
    • Jaime Hill @surfside property and management / Real Estate Agency
    • Clara Squires RE/MAX AEROSPACE REALTY / Real Estate Agency
    • MARJIE TOBIN | REALTOR | TITUSVILLE / Real Estate Agency
    • Margaret Reynolds, Realtor with Celebrate Re/Max Aerospace / Real Estate Agency

    Property Details for 1015 Gdn St

    Year built
    1966
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.46 lot acres
    Property size
    8,077 SF
    Zone code
    M1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    22-35-04-AU-00034.0-0008.00
    APU
    223504AU000340000800

    Description

    This exceptional 7,092 square foot shopping center, situated on a 0.46-acre lot at 1015 Garden Street in Titusville, Florida (zip code 32796), presents a compelling investment opportunity. Built in 1982 and renovated in 2017, this single-story building comprises four retail units, offering 7,000 square feet of net rentable space. Currently, three units are occupied by strong tenants, with one unit available for lease, presenting immediate value-add potential. The property benefits from its location on the highly trafficked Garden Street (Route 406), adjacent to downtown Titusville. Titusville's robust economic growth, fueled by the thriving space industry, creates a favorable market for this retail center. The property offers a 6.6% pro forma cap rate, with significant upside potential due to below-market rents, making it an excellent choice for investors seeking strong returns. This property is also well-suited for a 1031 exchange. The property includes four gas pumps.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,005,000
      ML approach
      $1,000,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $770,000
      Market price range: $332k - $1.01M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,110,000
      Current use
      MEDICAL BUILDING
      $1,255,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $1,155,000
      Change: +4% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,010,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.8153
    Latitude
    28.6152
    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
    $11,752
    $55,440
    $545,480
    $600,920
    -
    $55,440
    $545,480
    $600,920

    Comparable in this City

    • Value Estimation
      $3,915,000
      21,070 SF

      3229 Gdn St

      SHOPPING CENTER, STRIP CENTER • 21,070 SF
      3229 Gdn St, Titusville, FL 32796-3004
      View Details
    • Value Estimation
      $900,000
      15,620 SF

      600 Park Ave

      SHOPPING CENTER, STRIP CENTER • 15,620 SF
      600 Park Ave, Titusville, FL 32796-3854
      View Details
    • Value Estimation
      $920,000
      10,245 SF

      400 Main St

      SHOPPING CENTER, STRIP CENTER • 10,245 SF
      400 Main St, Titusville, FL 32796-3532
      View Details
    • Value Estimation by Request
      3,000 SF

      327 Washington Ave

      SHOPPING CENTER, STRIP CENTER • 3,000 SF
      327 Washington Ave, Titusville, FL 32796-3593
      View Details
    • Value Estimation
      $570,000
      5,973 SF

      329 Washington Ave

      SHOPPING CENTER, STRIP CENTER • 5,973 SF
      329 Washington Ave, Titusville, FL 32796-3593
      View Details
    • Value Estimation by Request
      5,589 SF

      2212 Gdn St

      SHOPPING CENTER, STRIP CENTER • 5,589 SF
      2212 Gdn St, Titusville, FL 32796-2500
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Retail Space Anchored by Publix

      Retail spaces available in a busy, anchored shopping center.
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      Retail Space in Titusville Plaza

      Retail space for lease anchored by Publix near Mayo.
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      Waterfront Office Space For Lease

      Unique waterfront office space with direct rocket launch views.
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      Historic Building Retail and Restaurant Space

      Renovated retail and restaurant spaces in historic Titusville buildings.
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    • $15 SF/Yr
      20,000 SF

      Titusville Office Retail Complex

      Prime Titusville Office Suites Available
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    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 33,651 square feet.
      1535 N Singleton Ave, Titusville, FL 32796
      View Details
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    Titusville, FL 32796-3306
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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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