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Property profile & analytics
OFF-MARKET
Estimated value
$11,540,000
Assisted living facilities
1550 Jess Parrish Ct, Titusville, FL 32796-2147
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0669456
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1985
Construction
CONCRETE
Total area
55,304 SF
Lot
5 ac (217,800 SF)
Zoning code
OR
APN
21-35-33-00-00040.0-0000.00
UPID
US18-0669456
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
-
Lauren M. Breuer, PTA Physician
-
Mallikarjuna P. Suryamoni, PT Medical Clinic
-
Bedrock Rehabilitation & Nursing Center at Vista Manor Rehabilitation Center Medical Center
-
Joy J. Grove, PT Physician
-
Cynthia Schoenleber Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.54M
Owner & transaction history
1550 Jess Parrish Court Fl Owner Ll · 2 yrs held
1550 Jess Parrish Court Fl Owner Ll
since 2023
Last sale
$13.2M
6 recorded transactions
Zoning & alternative use
OR · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$8.9M
+632.4%
Office building
$8.2M
+577.6%
Restaurant
$7.1M
+487.5%
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
$11,440,000
ML approach
$8,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,905,000
Change: +632% · Conversion: Difficult
OFFICE BUILDING
$8,240,000
Change: +578% · Conversion: Difficult
RESTAURANT
$7,145,000
Change: +487% · Conversion: Difficult
Blend value · Realmo final
$11.54M
Range $10.39M – $12.69M · ±10% · vs last sale $13.17M (Sep 18 2023)
Last sale anchor
$13.17M
Sep 18 2023
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
$209 / 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
$74,921
Tax year 2023
Assessed value
$3,595,310
Assessed 2023
Previous assessed
$3,598,050
-0.1% YoY
Effective rate
2.08%
On assessed value
Assessed land
$381,150
Assessed improvement
$3,214,160
Land market value
$381,150
Improvement market value
$3,214,160
Total market value
$3,595,310
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
55,304 SF
Lot
5 ac (217,800 SF)
Zoning code
OR
APN
21-35-33-00-00040.0-0000.00
UPID
US18-0669456
Jurisdiction
BREVARD
Zoning & alternative use
OR · Titusville, FL
Zoning OR · permitted uses
OR · 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
INDUSTRIAL (GENERAL)
Est. value
$8.9M
OFFICE BUILDING
Est. value
$8.2M
RESTAURANT
Est. value
$7.1M
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
1985
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
5 ac
Current owner
From public records · entity-resolved
1550 Jess Parrish Court Fl Owner Ll
Individual
Mailing address
885 3RD AVE FL #29, NEW YORK, NY 10022-4834
Ownership since
2023
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
Sep 18, 2023
$13,172,350
1550 Jess Parrish Court Fl Owner Ll
Fc Encore Titusville LLC
Special Warranty Deed
—
Aug 22, 2016
$11,464,100
Fc Encore Titusville LLC
Fc Encore Core Properties LLC
Grant Deed
related
—
Oct 12, 2006
—
Formation Portfolio I LLC
Formation Properties I LLC
Quit Claim Deed
—
Jan 14, 2002
$5,338,500
Formation Properties LLC
Beverly Enterprises Fl INC
Grant Deed
—
Jan 14, 2002
—
Formation Properties I LLC
Beverly Enterprises Fl INC
Quit Claim Deed
related
—
—
—
Fc Encore Core Properties LLC
—
Deed Of Trust
related
$479,000,000 · Keybank USA
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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