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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Office buildings
1114 Washington Ave Titusville, FL 32780-4234
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0643631
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,921 SF
Lot
0.62 ac (27,007 SF)
Zoning code
CBD
APN
22-35-03-56-00005.0-0007.00
UPID
US18-0643631
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
-
THOMAS MCCAULEY REAL ESTATE YOUR NEIGHBORHOOD REALTOR Real Estate Agency
-
Paula Overvold Sales Associate Realtor Real Estate Agency
-
Aker Eye Vision Source Physician
-
Aker Eye Playalinda Ophthalmologist (Bike/Boat/Book/etc) Store
-
Dr. Ackers O.D. Ophthalmologist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$896k
Blend (final)
Blend
$735k
Owner & transaction history
Gregory Aker Carroll · 1 yrs held
Gregory Aker Carroll
since 2025
Last sale
$575,000
6 recorded transactions
Zoning & alternative use
CBD · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Layer: Zoning (ID: 15)
Top alternative use upside
Commercial (general)
$1.2M
+37.5%
Auto repair, garage
$1.0M
+21.0%
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
$885,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$850,000
Current use
COMMERCIAL (GENERAL)
$1,165,000
Change: +38% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,025,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$765,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $575k (Aug 16 2021)
Last sale anchor
$575k
Aug 16 2021
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
$149 / 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
$7,792
Tax year 2023
Assessed value
$431,930
Assessed 2023
Previous assessed
$398,290
+8.4% YoY
Effective rate
1.80%
On assessed value
Assessed land
$119,100
Assessed improvement
$312,830
Land market value
$119,100
Improvement market value
$312,830
Total market value
$431,930
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
4,921 SF
Lot
0.62 ac (27,007 SF)
Zoning code
CBD
APN
22-35-03-56-00005.0-0007.00
UPID
US18-0643631
Jurisdiction
BREVARD
Zoning & alternative use
CBD · Titusville, FLZoning CBD · permitted uses
CBD · Titusville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Layer: Zoning (ID: 15)
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$765,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Gregory Aker Carroll
Individual
Mailing address
1455 ECHO DR, TITUSVILLE, FL 32780-3938
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2025
—
Gregory Aker Carroll
Gregory Aker
Deed
related
—
Aug 16, 2021
$575,000
Playalinda Real Estate Holdings LLC
Mutter Holdings INC
Warranty Deed
$460,000 · Td Bank NA
May 17, 2016
—
Mutter Holdings INC
—
Deed
related
$290,000 · Suntrust Bk
Jan 7, 2014
$370,000
Mutter Holdings INC
Kokaisel,gary A SR & Margaret A
Warranty Deed
—
Apr 20, 2001
$370,000
Gary A Kokaisel
Fly Fisherman INC
Grant Deed
$300,000 · Bank Of America
—
—
Mutter Holdings INC
—
Deed Of Trust
related
$290,000 · Suntrust Bk
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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