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Property profile & analytics
OFF-MARKET
Estimated value
$1,630,000
Apartment buildings
618 Timber Trce Ln, Titusville, FL 32780-1916
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US18-6087448
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2008
Construction
WOOD
Total area
13,998 SF
Lot
17.16 ac (747,490 SF)
Zoning code
R2
APN
22-35-27-AV-00000.0-0117.00
UPID
US18-6087448
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
$1.12M
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.63M
Owner & transaction history
Timber Trace Apartments Ltd · 20 yrs held
Timber Trace Apartments Ltd
since 2005
7 recorded transactions
Zoning & alternative use
R2 · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,115,000
CAP Approach
CAP Return
Estimation
6%
$2,390,000
6.5%
$2,205,000
7%
$2,045,000
Blend value · Realmo final
$1.63M
Range $1.47M – $1.79M · ±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
$116 / 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
$31,544
Tax year 2023
Assessed value
$11,998,330
Assessed 2023
Previous assessed
$12,710,090
-5.6% YoY
Effective rate
0.26%
On assessed value
Assessed land
$987,390
Assessed improvement
$11,010,940
Land market value
$987,390
Improvement market value
$11,010,940
Total market value
$11,998,330
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
14
Stories
3
Units
12
Total area
13,998 SF
Lot
17.16 ac (747,490 SF)
Zoning code
R2
APN
22-35-27-AV-00000.0-0117.00
UPID
US18-6087448
Jurisdiction
BREVARD
Zoning & alternative use
R2 · Titusville, FL
Zoning R2 · permitted uses
R2 · 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.
Building & site characteristics
From public records
Year built
2008
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
14
Units
12
Lot
17.16 ac
Current owner
From public records · entity-resolved
Timber Trace Apartments Ltd
Individual
Mailing address
477 S ROSEMARY AVE STE #301, WEST PALM BEACH, FL 33401-5758
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2007
—
Timber Trace Apartments Ltd
—
Deed Of Trust
related
$14,100,000 · Citicorp USA Corp
Nov 22, 2005
$2,700,000
Timber Trace Apartments Ltd
Jen-lee Dev INC
Warranty Deed
$2,500,000 · Trght INC
Aug 30, 2004
$152,100
Jen-lee Dev INC
Manlee INC
Quit Claim Deed
related
—
—
—
Timber Trace Apartments Ltd
—
Deed Of Trust
related
$2,160,000 · Citicorp USA Corp
—
—
Timber Trace Apartments Ltd
—
Deed Of Trust
related
$540,000 · Trght INC
—
—
Timber Trace Apartments Ltd
—
Deed Of Trust
related
$1,000,000 · First Housing Development Fl
—
—
Timber Trace Apartments Ltd
—
Deed Of Trust
related
$4,000,000 · Housing Finance Corp Florida
—
—
Manlee INC
—
Deed Of Trust
related
$250,000 · Fidelity Bank Florida
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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