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Property profile & analytics
OFF-MARKET
Estimated value
$4,110,000
Retail space
2605 Barna Ave Titusville, FL 32780-5452
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-0306963
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,235 SF
Lot
3.45 ac (150,282 SF)
Zoning code
CC
APN
22-35-16-00-00001.0-0000.00
UPID
US18-0306963
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
-
Walgreens Pharmacy Pharmacy
-
Mintonic Animal Group Animal Shelter Pet Adoption Service
-
Germance Wildlife Team Animal Shelter Pet Adoption Service
-
Bitcoin Depot | BDCheckout Atm
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.30M
CAP Approach
CAP
$2.88M
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$4.11M
Owner & transaction history
Section 18 LLC · 4 yrs held
Section 18 LLC
since 2021
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
CC · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.5M
+161.7%
Commercial (general)
$3.9M
+82.6%
Auto repair, garage
$3.4M
+60.6%
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
$4,305,000
ML approach
$4,295,000
CAP Approach
CAP Return
Estimation
6%
$3,120,000
6.5%
$2,880,000
7%
$2,675,000
Alternative Use
Use
Estimation
RESTAURANT
$5,515,000
Change: +162% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,850,000
Change: +83% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,385,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$2,800,000
Change: +33% · Conversion: Easy
MEDICAL BUILDING
$2,520,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$4.11M
Range $3.70M – $4.52M · ±10% · vs last sale $5.19M (Nov 19 2021)
Last sale anchor
$5.19M
Nov 19 2021
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
$253 / 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
$39,013
Tax year 2023
Assessed value
$1,846,370
Assessed 2023
Previous assessed
$1,823,030
+1.3% YoY
Effective rate
2.11%
On assessed value
Assessed land
$375,710
Assessed improvement
$1,470,660
Land market value
$375,710
Improvement market value
$1,470,660
Total market value
$1,846,370
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
16,235 SF
Lot
3.45 ac (150,282 SF)
Zoning code
CC
APN
22-35-16-00-00001.0-0000.00
UPID
US18-0306963
Jurisdiction
BREVARD
Zoning & alternative use
CC · Titusville, FL
Zoning CC · permitted uses
CC · 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
RESTAURANT
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.4M
OFFICE BUILDING
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.5M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
3.45 ac
Current owner
From public records · entity-resolved
Section 18 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
308 EVERGREEN RD STE #120, LOUISVILLE, KY 40243-1076
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2021
$5,188,000
Section 18 LLC
2605 Barna Avenue Titusville LLC
Special Warranty Deed
—
Jun 8, 2021
$4,479,900
2605 Barna Avenue Titusville LLC
Walgreen Co
Special Warranty Deed
$6,460 · Wells Fargo Bank NA
Jul 18, 2006
$3,430,700
Walgreen Co
K & B Associates Xii LLC
Grant Deed
—
May 21, 2004
—
Walgreen Co
K & B Associates Xii LLC
Grant Deed
related
—
May 18, 2004
$310,000
K & B Associates Xii LLC
Riverside Natl Bk Of Florida INC
Grant Deed
—
May 18, 2004
$200,000
K & B Associates Xii LLC
Hersch,bernard
Warranty Deed
—
Oct 7, 2003
$742,000
Country Club Estates Of Titus
Hersch,bernard
Grant Deed
$708,000 · Clark Development Co
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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