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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Investment properties
112 New York Ave Deland, FL 32724-5504
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5621976
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,798 SF
Lot
0.19 ac (8,228 SF)
Zoning code
C2
APN
7016-01-02-0023
UPID
US18-5621976
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
-
Collective Church
-
Boz Tchividjian, Esq. Law Firm
-
Tri County Realty of Central Florida llc Real Estate Agency
-
Dream Marketing & Branding LLC Advertising Agency Marketing & Advertising
-
Digital Communications Group Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
$1.86M
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.55M
Owner & transaction history
First Baptist Chr Hldg Co Of Orange · 2 yrs held
First Baptist Chr Hldg Co Of Orange
since 2024
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
C2 · Deland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+59.1%
Restaurant
$2.3M
+52.6%
Medical building
$1.8M
+19.1%
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
$1,550,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
$2,015,000
6.5%
$1,860,000
7%
$1,730,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,530,000
Current use
AUTO REPAIR, GARAGE
$2,435,000
Change: +59% · Conversion: Difficult
RESTAURANT
$2,335,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$1,825,000
Change: +19% · Conversion: Easy
WAREHOUSE, STORAGE
$1,815,000
Change: +19% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,755,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$1,690,000
Change: +10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,415,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.55M (Feb 9 2024)
Last sale anchor
$1.55M
Feb 9 2024
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
$158 / 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
$11,797
Tax year 2023
Assessed value
$740,130
Assessed 2023
Previous assessed
$740,130
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$42,374
Assessed improvement
$697,756
Land market value
$42,374
Improvement market value
$697,756
Total market value
$740,130
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
5
Total area
9,798 SF
Lot
0.19 ac (8,228 SF)
Zoning code
C2
APN
7016-01-02-0023
UPID
US18-5621976
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
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RESTAURANT
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
INDUSTRIAL (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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
5
Lot
0.19 ac
Current owner
From public records · entity-resolved
First Baptist Chr Hldg Co Of Orange
Entity
Mailing address
975 E GRAVES AVE, ORANGE CITY, FL 32763-5309
Ownership since
2024
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
Feb 9, 2024
$1,550,000
First Baptist Chr Hldg Co Of Orange
Board Of Trustees Of Fl Annual Conf
Special Warranty Deed
$1,500,000 · David Hill
May 27, 2022
—
United Methodist Church INC
Collective United Methodist Church
Quit Claim Deed
related
—
Jan 15, 2019
$875,000
Collective United Methodist Ch
Mccormick 100 LLC
Warranty Deed
—
Jun 29, 2018
—
Deland Oortunit Fund LLC
One Deland Plaza LLC
Quit Claim Deed
related
—
May 6, 2016
$610,000
Mccormick 100 LLC
Adams Realty Of Deland INC
Warranty Deed
$309,105
—
—
Adams Realty Of Deland INC
—
Deed Of Trust
related
$360,000 · Southtrust Bank NA
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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