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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Strip malls
1015 Gdn St, Titusville, FL 32796-3306
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-1919390
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,077 SF
Lot
0.46 ac (20,038 SF)
Zoning code
M1
APN
22-35-04-AU-00034.0-0008.00
UPID
US18-1919390
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$770k
Blend (final)
Blend
$980k
Owner & transaction history
1015 Holdings LLC · 1 yrs held
1015 Holdings LLC
since 2025
Last sale
$955,000
7 recorded transactions
Zoning & alternative use
M1 · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+12.7%
Office building
$1.2M
+3.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Titusville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Titusville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,005,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $955k (Apr 24 2025)
Last sale anchor
$955k
Apr 24 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$121 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,752
Tax year 2023
Assessed value
$600,920
Assessed 2023
Previous assessed
$529,500
+13.5% YoY
Effective rate
1.96%
On assessed value
Assessed land
$55,440
Assessed improvement
$545,480
Land market value
$55,440
Improvement market value
$545,480
Total market value
$600,920
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
4
Total area
8,077 SF
Lot
0.46 ac (20,038 SF)
Zoning code
M1
APN
22-35-04-AU-00034.0-0008.00
UPID
US18-1919390
Jurisdiction
BREVARD
Zoning & alternative use
M1 · Titusville, FL
Zoning M1 · permitted uses
M1 · Titusville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Titusville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Lot
0.46 ac
Current owner
From public records · entity-resolved
1015 Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
137 S COURTENAY PKWY, MERRITT ISLAND, FL 32952-4843
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2025
—
1015 Holdings LLC
Jen Lee Development LLC
Quitclaim Deed
related
—
Feb 7, 2025
$955,000
Jenn Lee Development LLC
Route 406 LLC
Warranty Deed
—
Jun 9, 2022
$700,000
Route 406 LLC
John Cornellis Dewitt
Special Warranty Deed
—
Oct 22, 2018
$100
Strokemore Trust
Dewitt,john C & Mary A
Warranty Deed
related
—
Aug 3, 2018
—
Strokemore Trust
De Witt,john & Mary A
Quit Claim Deed
related
—
Aug 2, 2017
$628,000
John Dewitt
Shah Nirav
Grant Deed
—
Apr 3, 2013
$400,000
Ei Technologies LLC 401 K Ps
Garden Street Medical Titusvil
Warranty Deed
—
May 13, 2011
$245,000
Garden Street Medical Titusvil
Centerstate Bk Of Fl
Grant Deed
$195,000 · Marjon Investments INC
Jan 26, 2010
$564,300
Centerstate Bk Of Ctrl Fl NA
Garden Ventures LLC
Deed In Lieu Of Foreclosure
related
—
May 3, 2007
$400,000
Garden Ventures LLC
Garden Properties INC
Warranty Deed
related
$575,000 · Centerstate Bank Central Fl
Nov 1, 1982
$220,000
James Asher
Beesons,electric INC
Warranty Deed
related
$165,000
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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