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Property profile & analytics
OFF-MARKET
Estimated value
$5,165,000
Automotive properties
1400 Washington Ave Titusville, FL 32780-4253
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3006833
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,073 SF
Lot
3.32 ac (144,619 SF)
Zoning code
CC
APN
22-35-10-25-00007.0-0003.00
UPID
US18-3006833
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
-
Correll Palms Nursing Home Retirement Community
-
Blink Charging Station Electric Vehicle Charging Station
-
Starling Honda Car Dealership
-
Honda Service Auto Repair Shop
-
Ron Norris Honda Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.08M
Blend (final)
Blend
$5.17M
Owner & transaction history
Ron Norris INC · 12 yrs held
Ron Norris INC
since 2013
Last sale
$5.2M
4 recorded transactions
Zoning & alternative use
CC · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Community Commercial (CC) district is established for general commercial activity. This district is designed to provide for a wide range of permitted uses and conditional uses that offer goods and services of both a convenience and desirable nature to shoppers. This district will serve a group of neighborhoods and larger trade areas. Development within t…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
713.42 ac
Source
Realmo
Top alternative use upside
Restaurant
$6.1M
+62.9%
Commercial (general)
$4.3M
+13.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,770,000
Current use
RESTAURANT
$6,140,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,285,000
Change: +14% · Conversion: Moderate
OFFICE BUILDING
$3,115,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$5.17M
Range $4.65M – $5.68M · ±10% · vs last sale $5.21M (Jan 11 2024)
Last sale anchor
$5.21M
Jan 11 2024
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
$286 / 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
$43,285
Tax year 2023
Assessed value
$2,243,770
Assessed 2023
Previous assessed
$2,141,910
+4.8% YoY
Effective rate
1.93%
On assessed value
Assessed land
$542,900
Assessed improvement
$1,700,870
Land market value
$542,900
Improvement market value
$1,700,870
Total market value
$2,243,770
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Total area
18,073 SF
Lot
3.32 ac (144,619 SF)
Zoning code
CC
APN
22-35-10-25-00007.0-0003.00
UPID
US18-3006833
Jurisdiction
BREVARD
Zoning & alternative use
CC · Titusville, FLZoning CC · permitted uses
CC · Titusville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Community Commercial (CC) district is established for general commercial activity. This district is designed to provide for a wide range of permitted uses and conditional uses that offer goods and services of both a convenience and desirable nature to shoppers. This district will serve a group of neighborhoods and larger trade areas. Development within this district requires larger land areas and is primarily located along arterial thoroughfares and major street intersections. It is not the intent of this district that it shall be used to encourage the extension of strip commercial areas and the development of intersections is preferable to linear development.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
713.42 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$3.8M
RESTAURANT
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE 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
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
3.32 ac
Current owner
From public records · entity-resolved
Ron Norris INC
Entity
Free & Clear · 12 yrs held
Mailing address
1350 S WASHINGTON AVE, TITUSVILLE, FL 32780-4250
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2013
—
Ron Norris INC
Ron Norris INC
Quit Claim Deed
related
—
May 9, 2013
—
Ron Norris INC
Ron Norris INC
Quit Claim Deed
related
—
—
—
Ron Norris INC
—
Deed Of Trust
related
$4,475,000 · Wells Fargo Bank
—
—
Ron Norris INC
—
Deed Of Trust
related
$1,200,000 · Wachovia 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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