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Property profile & analytics
OFF-MARKET
Truck terminals
601 Tropic St Titusville, FL 32796-3468
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4356822
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,912 SF
Lot
0.17 ac (7,405 SF)
Zoning code
UMU
APN
22-35-03-03-00022.0-0003.00
UPID
US18-4356822
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Christopher J Gerou · 4 yrs held
Christopher J Gerou
since 2022
Last sale
$240,000
5 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
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,028
Tax year 2023
Assessed value
$204,380
Assessed 2023
Previous assessed
$77,270
+164.5% YoY
Effective rate
1.97%
On assessed value
Assessed land
$7,010
Assessed improvement
$197,370
Land market value
$7,010
Improvement market value
$197,370
Total market value
$204,380
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
2,912 SF
Lot
0.17 ac (7,405 SF)
Zoning code
UMU
APN
22-35-03-03-00022.0-0003.00
UPID
US18-4356822
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
Building & site characteristics
From public records
Year built
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Christopher J Gerou
Individual
Free & Clear · 4 yrs held
Mailing address
526 SPG RIV DR, ORLANDO, FL 32828-6984
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jun 9, 2022
$240,000
Christopher J Gerou
Nations Holdings LLC
Warranty Deed
—
Jun 9, 2022
—
Nations Holdings LLC
Richard Perry
Correction Deed
related
—
Sep 4, 2014
—
Nations Holdys LLC
Perry,richard K
Quit Claim Deed
related
—
Jun 22, 2012
—
Richard Perry
Ler Ent INC
Quit Claim Deed
related
—
Aug 22, 2003
$18,800
L & R Enterprise INC
Reese,johnny C & Mary
Quit Claim Deed
related
—
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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