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Property profile & analytics
OFF-MARKET
Estimated value
$3,915,000
Strip malls
3229 Gdn St Titusville, FL 32796-3004
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6079885
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,070 SF
Lot
16.15 ac (703,494 SF)
Zoning code
RC
APN
21-35-32-00-00508.0-0000.00
UPID
US18-6079885
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
-
Hair Cuttery Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.32M
Comparable Approach
Comparable
$4.80M
Blend (final)
Blend
$3.92M
Owner & transaction history
Western National Life Ins Co · 15 yrs held
Western National Life Ins Co
since 2011
2 recorded transactions
Zoning & alternative use
RC · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Regional Commercial (RC) district is intended to provide for intensive, highly automotive oriented uses that require an accessible location along thoroughfares designated as arterials in the comprehensive plan and these regulations. These districts provide a wide range of goods and services of both a convenience and desirable nature to shoppers. RC distr…
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
244.39 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$5.0M
+72.1%
Auto repair, garage
$4.4M
+51.4%
Medical building
$3.3M
+12.7%
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%
$4,680,000
6.5%
$4,320,000
7%
$4,010,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,900,000
Current use
COMMERCIAL (GENERAL)
$4,995,000
Change: +72% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,395,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$3,270,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$3,010,000
Change: +4% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,640,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.92M
Range $3.52M – $4.31M · ±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
$186 / 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
$217,303
Tax year 2023
Assessed value
$10,306,500
Assessed 2023
Previous assessed
$10,177,460
+1.3% YoY
Effective rate
2.11%
On assessed value
Assessed land
$1,371,640
Assessed improvement
$8,934,860
Land market value
$1,371,640
Improvement market value
$8,934,860
Total market value
$10,306,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
5
Stories
1
Units
11
Total area
21,070 SF
Lot
16.15 ac (703,494 SF)
Zoning code
RC
APN
21-35-32-00-00508.0-0000.00
UPID
US18-6079885
Jurisdiction
BREVARD
Zoning & alternative use
RC · Titusville, FLZoning RC · permitted uses
RC · Titusville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Regional Commercial (RC) district is intended to provide for intensive, highly automotive oriented uses that require an accessible location along thoroughfares designated as arterials in the comprehensive plan and these regulations. These districts provide a wide range of goods and services of both a convenience and desirable nature to shoppers. RC districts shall be located in a high intensity land use designations on the Future Land Use Map. Permitted uses and conditional uses require larger land areas with ample off-street parking and loading space. It is not the intent of this district that it shall be, used to encourage the extension of strip commercial areas.
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
244.39 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
Buildings
5
Units
11
Lot
16.15 ac
Current owner
From public records · entity-resolved
Western National Life Ins Co
Entity
Free & Clear · 15 yrs held
Mailing address
11501 NORTHLAKE DR, CINCINNATI, OH 45249-1669
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2011
—
Western National Life Ins Co
Pmat St John LLC Coc
Trustees Deed
related
—
Jan 17, 2006
$9,500,000
Pmat St John LLC
Cape Canaveral Associates Ltd
Grant Deed
$7,510,000 · Associated 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.
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