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Property profile & analytics
FOR LEASE
Parking lots & garages
300 S Washington Ave Titusville, FL 32796
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0193517
For Lease
1 / 52
$20 SF/Yr
300 S Washington Ave, Titusville, FL 32796
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,770 SF
Lot
13.35 ac (581,526 SF)
Zoning code
CBD
APN
21-35-34-00-00521.0-0000.00
UPID
US18-0193517
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
-
Red Canyon Software Corporate Office Factory
-
MindKube Creative & Marketing Advertising Agency Marketing & Advertising
-
The Horizon at Sand Point Real Estate Agency
-
Titusville Express Local AC Experts Hardware & Home Improvement Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.06M
Owner & transaction history
City Of Titusville Cmnty Redevelopm · 2 yrs held
City Of Titusville Cmnty Redevelopm
since 2024
7 recorded transactions
Zoning & alternative use
CBD · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.3M
+36.1%
Office building
$1.2M
+25.9%
Restaurant
$1.0M
+9.1%
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
PARKING LOT
$920,000
Current use
INDUSTRIAL (GENERAL)
$1,250,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$1,160,000
Change: +26% · Conversion: Difficult
RESTAURANT
$1,005,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$850,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$825,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±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
$136 / 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
$45,562
Tax year 2023
Assessed value
$2,209,330
Assessed 2023
Previous assessed
$2,209,330
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$2,035,340
Assessed improvement
$173,990
Land market value
$2,035,340
Improvement market value
$173,990
Total market value
$2,209,330
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
Parking lots & garages
Use group
PARKING LOT
Status
For Lease
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
7,770 SF
Lot
13.35 ac (581,526 SF)
Zoning code
CBD
APN
21-35-34-00-00521.0-0000.00
UPID
US18-0193517
Jurisdiction
BREVARD
Zoning & alternative use
CBD · Titusville, FL
Zoning CBD · permitted uses
CBD · 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
PARKING LOT Current
Est. value
$920,000
INDUSTRIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.0M
RETAIL STORES
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$825,000
PARKING LOT Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
13.35 ac
Current owner
From public records · entity-resolved
City Of Titusville Cmnty Redevelopm
Entity
Mailing address
1831 SW 7TH AVE, POMPANO BEACH, FL 33060-9027
Ownership since
2024
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
Mar 1, 2024
—
City Of Titusville Cmnty Redevelopm
Launch Now LLC
Deed
—
Jan 10, 2020
—
Launch Now LLC
—
Deed
related
$3,877,500 · Midfirst Bank
Apr 25, 2019
$2,800,000
Hsp Titusville LLC
Sands Point LLC
Grant Deed
—
Jul 12, 2017
$925,000
Launch Now LLC
Davis,william J & Huberta M
Warranty Deed
$647,500 · Seacoast Nat'l Bk
Nov 15, 2004
$500,000
Sands Point LLC
Cook,william M & Elaine
Warranty Deed
—
Feb 3, 1997
$48,000
Sally I Mcfolling
Schmidt,joanne H & Muray R
Grant Deed
$168,756 · First Union Nat'l Bank Florida
—
—
Sands Point LLC
—
Deed Of Trust
related
$3,075,000 · Colonial Bank
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?”
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