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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Grocery and convenience stores
100 Spg Gdn Ave Deland, FL 32720-5138
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-0294098
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,800 SF
Lot
0.69 ac (30,000 SF)
Zoning code
B4
APN
7018-08-01-0010
UPID
US18-0294098
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
-
Shell Restaurant
-
CERTIFIED MARIJUANA DOCTORS Medical Clinic
-
Taco Shop Taqueria Restaurant
-
CHOPP N BLOKK LLC Restaurant
-
Food Mart Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
M & R United INC · 11 yrs held
M & R United INC
since 2015
7 recorded transactions
Zoning & alternative use
B4 · Deland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+38.8%
Commercial (general)
$940,000
+9.4%
Medical building
$895,000
+3.9%
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 Deland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Deland 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%
$1,215,000
6.5%
$1,120,000
7%
$1,040,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$860,000
Current use
AUTO REPAIR, GARAGE
$1,195,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$940,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$895,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$860,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$695,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$181 / 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
$9,546
Tax year 2023
Assessed value
$574,244
Assessed 2023
Previous assessed
$424,535
+35.3% YoY
Effective rate
1.66%
On assessed value
Assessed land
$202,500
Assessed improvement
$371,744
Land market value
$202,500
Improvement market value
$371,744
Total market value
$574,244
Applied tax rate
100.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
4
Total area
4,800 SF
Lot
0.69 ac (30,000 SF)
Zoning code
B4
APN
7018-08-01-0010
UPID
US18-0294098
Jurisdiction
VOLUSIA
Zoning & alternative use
B4 · Deland, FL
Zoning B4 · permitted uses
B4 · Deland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Deland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$940,000
MEDICAL BUILDING
Est. value
$895,000
WAREHOUSE, STORAGE
Est. value
$860,000
RETAIL STORES
Est. value
$695,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.69 ac
Current owner
From public records · entity-resolved
M & R United INC
Entity
Free & Clear · 11 yrs held
Mailing address
402 HIGH PT DR STE #101, COCOA, FL 32926-6602
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2015
$440,000
M & R United INC
A & E Petroleum INC
Warranty Deed
—
Dec 10, 2003
$890,000
A & E Petroleum INC
Petropower America INC
Grant Deed
related
—
Jan 28, 2003
$800,000
Petropower America INC
Impa LLC
Grant Deed
—
Mar 9, 2001
$785,000
Impa LLC
Eastside Enterprises INC
Grant Deed
$700,000 · Surety Bank NA
May 26, 2000
$460,000
Eastside Enterprises INC
Cumberland Farms INC
Grant Deed
$360,000 · Fidelity Bank Florida
—
—
A & E Petroleum INC
—
Loan Modification
related
$72,000 · Southeast Petro Distributors I
—
—
A & E Petroleum INC
—
Deed Of Trust
related
$70,000 · Southeast Petro Distributors I
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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