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Property profile & analytics
OFF-MARKET
Estimated value
$9,785,000
Medical Office Space
2355 Truman Scarborough Way Titusville, FL 32796-1310
Individually Owned
9-yr Hold
Free & Clear
Property ID
US18-6108248
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
54,816 SF
Lot
10.11 ac (440,392 SF)
Zoning code
BU-1
APN
21-35-28-00-00258.0-0000.00
UPID
US18-6108248
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.62M
Comparable Approach
Comparable
$12.62M
Blend (final)
Blend
$9.79M
Owner & transaction history
James S Browne · 9 yrs held
James S Browne
since 2017
6 recorded transactions
Zoning & alternative use
BU-1 · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.0M
+52.7%
Auto repair, garage
$11.4M
+34.3%
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%
$11,500,000
6.5%
$10,615,000
7%
$9,855,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,510,000
Current use
COMMERCIAL (GENERAL)
$12,990,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,430,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$7,835,000
Change: -8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,550,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,865,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$9.79M
Range $8.81M – $10.76M · ±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
$179 / 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
$118,178
Tax year 2023
Assessed value
$8,202,700
Assessed 2023
Previous assessed
$7,862,950
+4.3% YoY
Effective rate
1.44%
On assessed value
Assessed land
$660,590
Assessed improvement
$7,542,110
Land market value
$660,590
Improvement market value
$7,542,110
Total market value
$8,202,700
Applied tax rate
1,300.0000
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
54,816 SF
Lot
10.11 ac (440,392 SF)
Zoning code
BU-1
APN
21-35-28-00-00258.0-0000.00
UPID
US18-6108248
Jurisdiction
BREVARD
Zoning & alternative use
BU-1 · Titusville, FL
Zoning BU-1 · permitted uses
BU-1 · 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
MEDICAL BUILDING Current
Est. value
$8.5M
COMMERCIAL (GENERAL)
Est. value
$13.0M
AUTO REPAIR, GARAGE
Est. value
$11.4M
OFFICE BUILDING
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.6M
WAREHOUSE, STORAGE
Est. value
$6.9M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
10.11 ac
Current owner
From public records · entity-resolved
James S Browne
Individual
Free & Clear · 9 yrs held
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2017
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
May 2, 2017
$178,000
James S Browne
K & S Supply LLC
Grant Deed
—
Jun 2, 2014
$168,300
K & S Supply LLC
Browne James S Family Trust
Warranty Deed
—
May 17, 2013
—
Browne,james S Family Trust
Browne,james S
Quit Claim Deed
related
—
Jul 1, 2011
—
James S Browne
Jordan & Williams LLC Coc
Trustees Deed
related
—
Feb 1, 2008
$483,800
Brevard County
Jordan & Williams LLC
Warranty Deed
—
Aug 14, 2006
$1,850,000
Jordan & Williams LLC
Browne,james S
Grant Deed
$1,387,500 · James S Browne
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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