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Property profile & analytics
OFF-MARKET
Estimated value
$2,950,000
Warehouses
102 Alabama Ave Deland, FL 32724
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0478675
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1964
Construction
CONCRETE
Total area
25,318 SF
Lot
1.4 ac (61,024 SF)
Zoning code
C2
APN
7009-01-04-0012
UPID
US19-0478675
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
$2.78M
CAP Approach
CAP
$3.14M
Comparable Approach
Comparable
$3.70M
Blend (final)
Blend
$2.95M
Owner & transaction history
Mdf Deland LLC · 3 yrs held
Mdf Deland LLC
since 2022
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
C2 · Deland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.7M
+0.5%
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
$3,135,000
ML approach
$2,780,000
CAP Approach
CAP Return
Estimation
6%
$3,395,000
6.5%
$3,135,000
7%
$2,910,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,690,000
Current use
MEDICAL BUILDING
$4,710,000
Change: +0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,535,000
Change: -3% · Conversion: Moderate
RETAIL STORES
$4,360,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,955,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.95M
Range $2.66M – $3.25M · ±10% · vs last sale $1.95M (Aug 4 2022)
Last sale anchor
$1.95M
Aug 4 2022
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
$117 / 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
$31,295
Tax year 2023
Assessed value
$1,668,822
Assessed 2023
Previous assessed
$899,877
+85.5% YoY
Effective rate
1.88%
On assessed value
Assessed land
$307,561
Assessed improvement
$1,361,261
Land market value
$307,561
Improvement market value
$1,361,261
Total market value
$1,668,822
Applied tax rate
12.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1964
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
8
Total area
25,318 SF
Lot
1.4 ac (61,024 SF)
Zoning code
C2
APN
7009-01-04-0012
UPID
US19-0478675
Jurisdiction
VOLUSIA
Zoning & alternative use
C2 · Deland, FL
Zoning C2 · permitted uses
C2 · 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
WAREHOUSE, STORAGE Current
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
RETAIL STORES
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$4.0M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
1964
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
8
Lot
1.4 ac
Current owner
From public records · entity-resolved
Mdf Deland LLC
Entity
Mailing address
2055 OVERLOOK DR, MOUNT DORA, FL 32757-2619
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
Aug 4, 2022
$1,950,000
Mdf Deland LLC
Malory Square East LLC
Warranty Deed
$1,400,000 · United Southern Bank
Mar 31, 2015
$845,000
Malory Square East LLC
First States Invtrs Db I Sp LP
Grant Deed
—
May 21, 2008
—
First States Invtrs Db I Sp
First States Invtrs 3300 LLC
Quit Claim Deed
$100,000,000 · Deutsche Bank Ag Cayman Iss Br
Apr 17, 2008
—
First States Invtrs 4200 LLC
—
Deed Of Trust
related
$100,000,000 · Deutsche Bank Ag Cayman Iss Br
Nov 18, 2004
$651,055
First States Invtrs 3300 LLC
Wachovia Bank NA
Grant 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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