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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Warehouses
1415 Chaffee Dr Titusville, FL 32780-7936
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5881925
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,280 SF
Lot
6.69 ac (291,416 SF)
Zoning code
PID
APN
23-35-03-00-00262.0-0000.00
UPID
US18-5881925
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
-
sd constructors inc Restaurant
-
Penumbra Marine Logistics Warehouse & Storage
-
In Flight Propeller Services AKA Ocean Side Propeller Service Distribution Center Logistics Company
-
Zero tolerance tactical Gun Shop
-
Act 2 Technologies Water Treatment Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.66M
Owner & transaction history
Inter-tech Management INC · 19 yrs held
Inter-tech Management INC
since 2007
3 recorded transactions
Zoning & alternative use
PID · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Planned Industrial Development (PID) district is created to provide for areas of large scale, high technology and other clean light industry in an attractive parklike atmosphere. It is further intended that this district be utilized to promote industrial activity, more efficient and economical industrial land use, harmony in physical design and industria…
Zone name
Planned Industrial Development
General category
INDUSTRIAL
Zone area
643.68 ac
Source
Realmo
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
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$2,330,000
6.5%
$2,150,000
7%
$1,995,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,540,000
Current use
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±10%
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
$82 / 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
$55,318
Tax year 2023
Assessed value
$2,514,010
Assessed 2023
Previous assessed
$2,366,590
+6.2% YoY
Effective rate
2.20%
On assessed value
Assessed land
$349,700
Assessed improvement
$2,164,310
Land market value
$349,700
Improvement market value
$2,164,310
Total market value
$2,514,010
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
1
Total area
20,280 SF
Lot
6.69 ac (291,416 SF)
Zoning code
PID
APN
23-35-03-00-00262.0-0000.00
UPID
US18-5881925
Jurisdiction
BREVARD
Zoning & alternative use
PID · Titusville, FLZoning PID · permitted uses
PID · Titusville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Planned Industrial Development (PID) district is created to provide for areas of large scale, high technology and other clean light industry in an attractive parklike atmosphere. It is further intended that this district be utilized to promote industrial activity, more efficient and economical industrial land use, harmony in physical design and industrial relationships, variety and amenity in industrial development and the protection of adjacent and nearby existing and future nonindustrial uses and activities. Planned industrial development districts will encourage originality, flexibility and innovation in site planning and development including architecture, landscaping, and graphic design.
Zone name
Planned Industrial Development
General category
INDUSTRIAL
Zone area
643.68 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.5M
WAREHOUSE, STORAGE Current
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
6.69 ac
Current owner
From public records · entity-resolved
Inter-tech Management INC
Entity
Mailing address
2001 9TH AVE STE #106, VERO BEACH, FL 32960-5380
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2017
—
Inter-tech Management INC
—
Deed
related
$3,000,000 · Sunrise Bk
Jan 11, 2007
$3,085,800
Inter-tech Management INC
Sk Properties
Grant Deed
$2,268,000 · Riverside National Bank
—
—
Inter-tech Management INC
—
Deed Of Trust
related
$3,000,000 · Sunrise 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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