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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Warehouses
109 Kensington Ave Deland, FL 32724-2319
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6349128
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,320 SF
Lot
0.43 ac (18,750 SF)
Zoning code
B4
APN
7004-16-03-0100
UPID
US18-6349128
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
$660k
CAP Approach
CAP
$905k
Comparable Approach
Comparable
$901k
Blend (final)
Blend
$715k
Owner & transaction history
Ball Bros Properties LLC · 4 yrs held
Ball Bros Properties LLC
since 2021
Last sale
$538,000
7 recorded transactions
Zoning & alternative use
B4 · Deland, 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 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
$815,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$980,000
6.5%
$905,000
7%
$840,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,145,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $538k (Dec 3 2021)
Last sale anchor
$538k
Dec 3 2021
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
$98 / 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
$7,474
Tax year 2023
Assessed value
$400,683
Assessed 2023
Previous assessed
$361,560
+10.8% YoY
Effective rate
1.87%
On assessed value
Assessed land
$99,375
Assessed improvement
$301,308
Land market value
$99,375
Improvement market value
$301,308
Total market value
$400,683
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
7,320 SF
Lot
0.43 ac (18,750 SF)
Zoning code
B4
APN
7004-16-03-0100
UPID
US18-6349128
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
COMMERCIAL (GENERAL)
Est. value
$1.1M
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Ball Bros Properties LLC
Entity
Mailing address
510 W ARIZONA AVE, DELAND, FL 32720-4109
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Dec 3, 2021
$538,000
Ball Bros Properties LLC
Deland Industrial Center LLC
Warranty Deed
$510,000 · Mainstreet Community Bank Of Florid
Mar 16, 2021
—
Deland Industrial Center LLC
—
Deed
related
$2,900,000 · Wauchula State Bank
Jan 26, 2017
—
Deland Industrial Center LLC
—
Deed
related
$100,000 · Centerstate Bk/fl
Dec 9, 2016
—
Deland Industrial Center LLC
—
Deed
related
$6,600,000 · Centerstate Bk/fl
Dec 4, 2012
$370,000
Deland Industrial Center LLC
Moss,judith M
Warranty Deed
—
—
—
Judith M Moss
—
Deed Of Trust
related
$378,277 · Mainstreet Community Bank Fl
—
—
Deland Industrial Center LLC
—
Deed Of Trust
related
$100,000 · Centerstate Bk/fl
—
—
Deland Industrial Center LLC
—
Deed Of Trust
related
$6,600,000 · Centerstate Bk/fl
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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