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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Medical Office Space
2405 Gdn St Titusville, FL 32796-2586
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US18-0680144
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,818 SF
Lot
0.58 ac (25,265 SF)
Zoning code
OP
APN
22-35-05-00-00038.0-0000.00
UPID
US18-0680144
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
-
GREENE TRANSPORT COMPANY Freight Service Logistics Company
-
John Greene Logistics Company Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$854k
Blend (final)
Blend
$690k
Owner & transaction history
2405 Garden Street LLC · 14 yrs held
2405 Garden Street LLC
since 2011
4 recorded transactions
Zoning & alternative use
OP · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
MEDICAL BUILDING
$905,000
Current use
OFFICE BUILDING
$830,000
Change: -8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$730,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$119 / 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
$10,641
Tax year 2023
Assessed value
$503,070
Assessed 2023
Previous assessed
$497,530
+1.1% YoY
Effective rate
2.12%
On assessed value
Assessed land
$69,710
Assessed improvement
$433,360
Land market value
$69,710
Improvement market value
$433,360
Total market value
$503,070
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
2
Total area
5,818 SF
Lot
0.58 ac (25,265 SF)
Zoning code
OP
APN
22-35-05-00-00038.0-0000.00
UPID
US18-0680144
Jurisdiction
BREVARD
Zoning & alternative use
OP · Titusville, FL
Zoning OP · permitted uses
OP · 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
$905,000
OFFICE BUILDING
Est. value
$830,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$800,000
WAREHOUSE, STORAGE
Est. value
$730,000
MEDICAL BUILDING Current
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
0.58 ac
Current owner
From public records · entity-resolved
2405 Garden Street LLC
Entity
Mailing address
2405 GDN ST, TITUSVILLE, FL 32796-2586
Ownership since
2011
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
Dec 30, 2016
—
Garden Street LLC
—
Deed
related
$340,000 · Seacoast National Bank
Jul 29, 2011
$391,300
2405 Garden Street LLC
Greene,jeffrey B
Warranty Deed
—
—
—
2405 Garden Street LLC
—
Deed Of Trust
related
$396,000 · Seaside National Bank & Trust
—
—
Greene,jeffrey B & Rachel
—
Loan Modification
related
$396,000 · Seaside Nat'l Bk&tr
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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