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    818 Gdn St Titusville, FL 32796-3409
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    Property profile & analytics

    818 Gdn St Titusville, FL 32796-3409

    View on Map
    • Strip malls
    • 2,176 SF
    • 0.16 lot acres
    Off-Market
    Property ID
    US18-4125790
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shelley's Tax Services / Tax Preparation

    Property Details for 818 Gdn St

    Year built
    1959
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Property size
    2,176 SF
    Zone code
    OP
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    21-35-34-51-00004.0-0001.00
    APU
    9223372036854775807

    Description

    This exceptional investment opportunity presents a commercial duplex located in Titusville, Florida, at 818 & 822 Garden Street. Situated on a substantial 6,969.6 square foot lot in the downtown secondary area of the Garden Street beach corridor, this property offers significant potential. The building, constructed in 1959, is a single-story structure currently zoned OP (Office Professional), with its current use as retail space. One unit (822) is currently leased month-to-month to a salon. The seller is open to leasing the other unit (818). A key advantage is the potential for rezoning to allow for mixed-use development, permitting residential use in one unit and commercial in the other. However, buyers are responsible for verifying all zoning information with the city and county. Recent improvements include a new roof installed in 2023 and fresh paint applied in 2024. The property has successfully passed both a 4-point inspection and wind mitigation inspection, providing peace of mind for potential buyers. This property is offered at an asking price of $325,000 and presents a compelling opportunity for investors seeking a strong return in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.8135
    Latitude
    28.6156
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,659
    $19,590
    $128,980
    $148,570
    -
    $19,590
    $128,980
    $148,570

    Comparable in this City

    • Value Estimation
      $570,000
      5,973 SF

      329 Washington Ave

      SHOPPING CENTER, STRIP CENTER • 5,973 SF
      329 Washington Ave, Titusville, FL 32796-3593
      View Details
    • Value Estimation
      $980,000
      8,077 SF

      1015 Gdn St

      SHOPPING CENTER, STRIP CENTER • 8,077 SF
      1015 Gdn St, Titusville, FL 32796-3306
      View Details
    • Value Estimation by Request
      5,589 SF

      2212 Gdn St

      SHOPPING CENTER, STRIP CENTER • 5,589 SF
      2212 Gdn St, Titusville, FL 32796-2500
      View Details
    • Value Estimation
      $3,915,000
      21,070 SF

      3229 Gdn St

      SHOPPING CENTER, STRIP CENTER • 21,070 SF
      3229 Gdn St, Titusville, FL 32796-3004
      View Details
    • Value Estimation
      $900,000
      15,620 SF

      600 Park Ave

      SHOPPING CENTER, STRIP CENTER • 15,620 SF
      600 Park Ave, Titusville, FL 32796-3854
      View Details
    • Value Estimation
      $920,000
      10,245 SF

      400 Main St

      SHOPPING CENTER, STRIP CENTER • 10,245 SF
      400 Main St, Titusville, FL 32796-3532
      View Details

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    Titusville, FL 32796-3409
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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