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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Medical Office Space
4987 Washington Ave Titusville, FL 32780-7307
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-6117213
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,760 SF
Lot
0.53 ac (23,087 SF)
Zoning code
CC
APN
22-35-26-BF-00000.0-0024.01
UPID
US18-6117213
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
-
Heather Vanlandingham Loan Service Bank
-
Larry W Nissen DDS PA Dental Office
-
Jean Kelly, Re/Max Aerospace Realty Real Estate Agency
-
Barlow Ortho Dental Office
-
Monumental Life Insurance Co Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$653k
Blend (final)
Blend
$860k
Owner & transaction history
Barlow Properties LLC · 6 yrs held
Barlow Properties LLC
since 2019
3 recorded transactions
Zoning & alternative use
CC · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+52.7%
Auto repair, garage
$1.2M
+34.3%
Office building
$995,000
+11.0%
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%
$1,210,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$895,000
Current use
COMMERCIAL (GENERAL)
$1,365,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,200,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$995,000
Change: +11% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Change: -11% · Conversion: Difficult
RETAIL STORES
$750,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$149 / 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
$14,100
Tax year 2023
Assessed value
$872,490
Assessed 2023
Previous assessed
$795,930
+9.6% YoY
Effective rate
1.62%
On assessed value
Assessed land
$115,000
Assessed improvement
$757,490
Land market value
$115,000
Improvement market value
$757,490
Total market value
$872,490
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
2
Total area
5,760 SF
Lot
0.53 ac (23,087 SF)
Zoning code
CC
APN
22-35-26-BF-00000.0-0024.01
UPID
US18-6117213
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
MEDICAL BUILDING Current
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$995,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$795,000
RETAIL STORES
Est. value
$750,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
Barlow Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
105 N GRV ST, MERRITT ISLAND, FL 32953-3441
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2019
$409,000
Barlow Properties LLC
Urban,faith
Warranty Deed
—
Nov 13, 2017
—
Faith Urban
—
Deed
related
$104,504 · Florida Busn Bk
—
—
Faith Urban
—
Loan Modification
related
$104,504 · Florida Busn 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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