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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Warehouses
105 Indiana Ave Deland, FL 32720-4209
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1871124
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1923
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,245 SF
Lot
0.09 ac (4,095 SF)
Zoning code
C2
APN
7009-03-00-0100
UPID
US18-1871124
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
-
Half Wall DeLand Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$819k
Blend (final)
Blend
$1.30M
Owner & transaction history
On Price Properties LLC · 2 yrs held
On Price Properties LLC
since 2023
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
C2 · Deland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+39.0%
Restaurant
$1.2M
+29.9%
Commercial (general)
$1.0M
+9.5%
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
$1,365,000
ML approach
$1,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$940,000
Current use
AUTO REPAIR, GARAGE
$1,305,000
Change: +39% · Conversion: Easy
RESTAURANT
$1,220,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,025,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$975,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$940,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.25M (Nov 20 2023)
Last sale anchor
$1.25M
Nov 20 2023
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
$248 / 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
$9,198
Tax year 2023
Assessed value
$490,474
Assessed 2023
Previous assessed
$434,325
+12.9% YoY
Effective rate
1.88%
On assessed value
Assessed land
$163,800
Assessed improvement
$326,674
Land market value
$163,800
Improvement market value
$326,674
Total market value
$490,474
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
1923
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
4
Total area
5,245 SF
Lot
0.09 ac (4,095 SF)
Zoning code
C2
APN
7009-03-00-0100
UPID
US18-1871124
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
$940,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$975,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$940,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1923
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.09 ac
Current owner
From public records · entity-resolved
On Price Properties LLC
Entity
Mailing address
1320 TRL BY THE LK, DELAND, FL 32724-1024
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
$1,250,000
On Price Properties LLC
Onell Deland LLC
Warranty Deed
$907,757 · Onel 1 Deland LLC
Dec 22, 2022
$183,698
Mckenney Enterprises Of Deland LLC
Claddagh East INC
Warranty Deed
—
Mar 21, 2005
—
Claddagh East INC
Cbm Trust
Quit Claim Deed
related
$250,000 · First Community Bank
Aug 10, 2004
—
Claddagh INC
City Of Deland
Quit Claim Deed
related
—
May 21, 2002
—
Claddagh INC
Charles B Mckenney Trustee
Quit Claim Deed
related
—
Nov 1, 2001
—
Cbm Trust
Claddagh INC
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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