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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Warehouses
411 Park Ave Titusville, FL 32796-7621
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0665921
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2004
Construction
CONCRETE
Total area
9,900 SF
Lot
1.87 ac (81,457 SF)
Zoning code
UMU
APN
22-35-04-01-00061.0-0001.00
UPID
US18-0665921
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
-
Aero Electronic Systems Electronics & Wireless Store
-
Aero Electronics Systems, Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$633k
Blend (final)
Blend
$890k
Owner & transaction history
Daniel Griffin · 21 yrs held
Daniel Griffin
since 2005
7 recorded transactions
Zoning & alternative use
UMU · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Urban Mixed-Use (UMU) district is special district to be applied to the area north of Pine Street, west of the Florida East Coast Railroad, and east of Park Avenue intended to create a walkable, pedestrian-friendly environment allowing a mixing of both residential and commercial uses. Properties within this zoning district are intended to allow a mix of…
Zone name
Urban Mixed Use
General category
MIXED_USE
Zone area
57.02 ac
Source
Realmo
Top alternative use upside
Office building
$1.4M
+14.1%
Neighborhood: shopping center
$1.4M
+10.0%
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%
$1,135,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,240,000
Current use
OFFICE BUILDING
$1,415,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,365,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$90 / 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
$17,454
Tax year 2023
Assessed value
$832,930
Assessed 2023
Previous assessed
$764,630
+8.9% YoY
Effective rate
2.10%
On assessed value
Assessed land
$89,910
Assessed improvement
$743,020
Land market value
$89,910
Improvement market value
$743,020
Total market value
$832,930
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
9,900 SF
Lot
1.87 ac (81,457 SF)
Zoning code
UMU
APN
22-35-04-01-00061.0-0001.00
UPID
US18-0665921
Jurisdiction
BREVARD
Zoning & alternative use
UMU · Titusville, FLZoning UMU · permitted uses
UMU · Titusville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Urban Mixed-Use (UMU) district is special district to be applied to the area north of Pine Street, west of the Florida East Coast Railroad, and east of Park Avenue intended to create a walkable, pedestrian-friendly environment allowing a mixing of both residential and commercial uses. Properties within this zoning district are intended to allow a mix of residential and commercial land uses, while ensuring adequate buffers or screening between property uses of differing intensities. These regulations are intended to encourage mixed-use development that capitalizes on the opportunities of the Coast-to-Coast trail and proximity to the City downtown and provides flexibility in development standards. It is also intended to recognize the existing industrial businesses as permitted uses, while prohibiting the establishment of new industrial uses.
Zone name
Urban Mixed Use
General category
MIXED_USE
Zone area
57.02 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
Daniel Griffin
Individual
Mailing address
3740 OAKHILL DR, TITUSVILLE, FL 32780-3521
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2019
—
Dpg Holdings LLC
—
Trustees Deed
related
$788,890 · Branch Bk&tr
Aug 16, 2010
—
Griffin,daniel
—
Trustees Deed
related
$400,000 · Bankfirst
Jan 31, 2005
$169,900
Daniel Griffin
City Of Titusville
Grant Deed
—
Sep 26, 2000
$150,000
Genuity Solutions INC
Greene,robert F
Grant Deed
—
—
—
Daniel Griffin
—
Deed Of Trust
related
$300,000 · Riverside National Bank
—
—
Daniel P Griffin
—
Loan Modification
related
$400,000 · Seacoast Nat'l Bk
—
—
Daniel Griffin
—
Deed Of Trust
related
$619,236 · Bankfirst
—
—
Daniel P Griffin
—
Deed Of Trust
related
$800,000 · Bank Brevard
—
—
Daniel Griffin
—
Deed Of Trust
related
$300,000 · Riverside National Bank
—
—
Daniel Griffin
—
Deed Of Trust
related
$400,000 · Bankfirst
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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