Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Office buildings
212 Washington Ave Titusville, FL 32796-3553
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US19-0761202
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,283 SF
Lot
0.49 ac (21,344 SF)
Zoning code
CBD
APN
22-35-03-03-00006.0-0005.00
UPID
US19-0761202
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
-
Canaveral National Seashore Administration Headquarters Government Office
-
Robotics & Conceptual Engrg Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.16M
Owner & transaction history
Canaveral R & E Partners LLC · 5 yrs held
Canaveral R & E Partners LLC
since 2020
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
CBD · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Layer: Zoning (ID: 15)
Top alternative use upside
Restaurant
$1.8M
+137.7%
Commercial (general)
$1.3M
+65.9%
Auto repair, garage
$1.1M
+45.9%
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
$1,285,000
ML approach
$1,115,000
CAP Approach
CAP Return
Estimation
6%
$1,280,000
6.5%
$1,180,000
7%
$1,095,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$755,000
Current use
RESTAURANT
$1,795,000
Change: +138% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,250,000
Change: +66% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,100,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$820,000
Change: +9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±10% · vs last sale $900k (Nov 18 2020)
Last sale anchor
$900k
Nov 18 2020
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
$219 / 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
$11,967
Tax year 2023
Assessed value
$598,930
Assessed 2023
Previous assessed
$554,220
+8.1% YoY
Effective rate
2.00%
On assessed value
Assessed land
$92,110
Assessed improvement
$506,820
Land market value
$92,110
Improvement market value
$506,820
Total market value
$598,930
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
2
Total area
5,283 SF
Lot
0.49 ac (21,344 SF)
Zoning code
CBD
APN
22-35-03-03-00006.0-0005.00
UPID
US19-0761202
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
$755,000
RESTAURANT
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$820,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Canaveral R & E Partners LLC
Entity
Mailing address
90 MERRICK AVE FL, EAST MEADOW, NY 11554-1571
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2020
$900,000
Canaveral R & E Partners LLC
South Washington Ave LLC
Warranty Deed
—
Oct 15, 2020
$5,000
South Washington Ave LLC
Craig A Lashley
Warranty Deed
—
Oct 17, 2017
$200,000
South Washington Ave LLC
Woodruff,george E & Ann M
Warranty Deed
$400,000 · Branch Bk&tr
Feb 23, 2007
—
George E Woodruff
Patrizio,sabatino A
Warranty Deed
related
—
Jul 26, 2004
—
Ann Woodruff
—
Trustees Deed
related
$300,000 · Rbc Centura Bank
—
—
George E Woodruff
—
Deed Of Trust
related
$334,181 · Bankfirst
—
—
George E Woodruff
—
Deed Of Trust
related
$320,495 · Bankfirst
—
—
George E Woodruff
—
Deed Of Trust
related
$50,000 · Bank Brevard
—
—
George E Woodruff
—
Deed Of Trust
related
$445,000 · Bank Brevard
—
—
George E Woodruff
—
Deed Of Trust
related
$327,322 · Bankfirst
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 212 Washington Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
