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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Office buildings
5 Main St Titusville, FL 32796-3524
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-0437140
Property summary
AI-generated overview
This exceptional 2,200 square foot office space is located at 5 Main Street in Titusville, Florida's vibrant downtown CRA District. Situated in a historic building on the Astronaut Trail (also known as The Old Post Office), this single-tenant property offers stunning waterfront views of rocket launches and sunrises over the Indian River. The interior features three private offices, over 1,700 square feet of open space, two full bathrooms, ample storage, and a fully equipped kitchen. On-site reserved parking is included – a rare amenity in this desirable location. The building is zoned for Downtown Mixed Use within Brevard County (32796). The total building size is 5,924 square feet. Enhance your business with the option to lease an additional 3,600 square feet of outdoor space, complete with a tiki bar, ideal for events and gatherings. The property is easily accessible, located on the corner of Main Street and Indian River Avenue, south of Garden Street on Indian River Avenue.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,940 SF
Lot
0.34 ac (14,810 SF)
Zoning code
CBD
APN
22-35-03-03-0000D.0-0000.01
UPID
US18-0437140
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
-
Noble & Co. Real Estate Professionals Real Estate Agency
-
Rocket City Entertainment Hotel & Motel Resort
-
Dina Maurer - REALTOR® - Landshark Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.30M
Owner & transaction history
City Of Titusville Cmnty Redevelopm · 3 yrs held
City Of Titusville Cmnty Redevelopm
since 2023
5 recorded transactions
Zoning & alternative use
CBD · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Layer: Zoning (ID: 15)
Top alternative use upside
Restaurant
$2.0M
+137.7%
Commercial (general)
$1.4M
+65.9%
Auto repair, garage
$1.2M
+45.9%
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%
$1,435,000
6.5%
$1,325,000
7%
$1,230,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$850,000
Current use
RESTAURANT
$2,020,000
Change: +138% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,410,000
Change: +66% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,240,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$920,000
Change: +9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$820,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±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
$218 / 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
$12,608
Tax year 2023
Assessed value
$654,660
Assessed 2023
Previous assessed
$654,660
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$49,500
Assessed improvement
$605,160
Land market value
$49,500
Improvement market value
$605,160
Total market value
$654,660
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
2
Bathrooms
2
Total area
5,940 SF
Lot
0.34 ac (14,810 SF)
Zoning code
CBD
APN
22-35-03-03-0000D.0-0000.01
UPID
US18-0437140
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
OFFICE BUILDING Current
Est. value
$850,000
RESTAURANT
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$920,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$820,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL 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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
City Of Titusville Cmnty Redevelopm
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 2806, TITUSVILLE, FL 32781-2806
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2023
—
City Of Titusville Cmnty Redevelopm
Mars Moonshot LLC
Agreement Of Sale
—
May 16, 2022
$800,000
Mars Monshot LLC
Hai Rong Liu
Warranty Deed
$639,000 · Midfirst Bank
Dec 15, 2017
—
Hai R Liu
—
Deed
related
$265,000 · Parke Bk
Apr 4, 2016
$660,000
Liu H Rong
Harris,reva A
Warranty Deed
—
—
—
Hai R Liu
—
Deed Of Trust
related
$265,000 · Parke 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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