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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Strip malls
410 Hopkins Ave Titusville, FL 32796-3505
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US19-0429024
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,480 SF
Lot
0.3 ac (13,068 SF)
Zoning code
CBD
APN
22-35-03-03-00011.0-0005.00
UPID
US19-0429024
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
-
Tiffany Marr - Realtor Blue Marlin Real Estate Agency
-
Maria Murillo, Real Estate Agent Real Estate Agency
-
MOEfit LLC Gym & Fitness Center
-
Blue Marlin Real Estate Real Estate Agency
-
Jessica Powers Realtor® - Blue Marlin Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$433k
Blend (final)
Blend
$560k
Owner & transaction history
Wave Developments LLC · 7 yrs held
Wave Developments LLC
since 2019
6 recorded transactions
Zoning & alternative use
CBD · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Layer: Zoning (ID: 15)
Top alternative use upside
Commercial (general)
$825,000
+72.1%
Auto repair, garage
$725,000
+51.4%
Medical building
$540,000
+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%
$775,000
6.5%
$715,000
7%
$660,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$480,000
Current use
COMMERCIAL (GENERAL)
$825,000
Change: +72% · Conversion: Easy
AUTO REPAIR, GARAGE
$725,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$540,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$495,000
Change: +4% · Conversion: Moderate
WAREHOUSE, STORAGE
$435,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$410,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$161 / 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
$7,231
Tax year 2023
Assessed value
$374,450
Assessed 2023
Previous assessed
$369,800
+1.3% YoY
Effective rate
1.93%
On assessed value
Assessed land
$56,620
Assessed improvement
$317,830
Land market value
$56,620
Improvement market value
$317,830
Total market value
$374,450
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
3
Total area
3,480 SF
Lot
0.3 ac (13,068 SF)
Zoning code
CBD
APN
22-35-03-03-00011.0-0005.00
UPID
US19-0429024
Jurisdiction
BREVARD
Zoning & alternative use
CBD · Titusville, FLZoning CBD · permitted uses
CBD · Titusville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Layer: Zoning (ID: 15)
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$725,000
MEDICAL BUILDING
Est. value
$540,000
OFFICE BUILDING
Est. value
$495,000
WAREHOUSE, STORAGE
Est. value
$435,000
RETAIL STORES
Est. value
$410,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
3
Lot
0.3 ac
Current owner
From public records · entity-resolved
Wave Developments LLC
Entity
Mailing address
109 LONG PT RD, CAPE CANAVERAL, FL 32920-3648
Ownership since
2019
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
Jan 31, 2019
$450,000
Wave Developments LLC
Altif,thomas A & Linda B
Warranty Deed
—
Jan 5, 2018
—
Thomas A Altif
—
Deed
related
$300,000 · Seacoast Nat'l Bk
Mar 4, 2011
—
Thomas A Altif
Thompson,steven P
Quit Claim Deed
—
Jun 29, 2010
$33,000
Thomas A Atlif
Thompson,steven P
Warranty Deed
related
—
—
—
Steven P Thompson
—
Deed Of Trust
related
$94,250 · Riverside National Bank
—
—
Thomas A Altif
—
Deed Of Trust
related
$300,000 · Seacoast Nat'l Bk
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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