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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Individual retail properties
125 Salisbury Ave Deland, FL 32720-5277
Entity Owned
4-yr Hold
Property ID
US18-4265457
Property summary
AI-generated overview
This exceptional 17-unit apartment building in DeLand, Florida presents a compelling investment opportunity. The property, encompassing 13,200 square feet across three two-story buildings, sits on a 0.68-acre lot. Recently renovated in 2024, the complex boasts updated kitchens, bathrooms, and flooring in all units, along with brand new windows and exterior paint. All roofs were replaced in 2023, ensuring long-term cost savings. The unit mix includes two efficiencies, five one-bedroom/one-bathroom units, and ten two-bedroom/one-bathroom units. Each unit features central air conditioning, and tenant convenience is enhanced by an on-site laundry facility. Utilities are separately metered for electricity, while water, sewer, and trash are covered by the landlord. This property offers significant rental upside potential, estimated between $7,000 and $9,000 annually. Its prime location near State Road 44, DeLand Municipal Airport, the DeLand Museum of Art, Blue Springs State Park, and Stetson University ensures high occupancy rates and strong demand. This is a turnkey investment ready for immediate income generation.
Property profile
Verified
Property type
Individual retail properties
Use group
DRY CLEANER
Year built
1974
Construction
WOOD
Total area
5,102 SF
Lot
0.26 ac (11,440 SF)
APN
7017-05-03-0240
UPID
US18-4265457
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
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$889k
Blend (final)
Blend
$1.21M
Owner & transaction history
Salisbury Avenue Investments LLC · 4 yrs held
Salisbury Avenue Investments LLC
since 2022
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+104.6%
Restaurant
$1.2M
+91.2%
Commercial (general)
$1.0M
+61.2%
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
$1,255,000
ML approach
$1,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,270,000
Change: +105% · Conversion: Difficult
RESTAURANT
$1,185,000
Change: +91% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,000,000
Change: +61% · Conversion: Difficult
MEDICAL BUILDING
$950,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$915,000
Change: +47% · Conversion: Difficult
WAREHOUSE, STORAGE
$910,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$740,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10% · vs last sale $1.50M (May 24 2022)
Last sale anchor
$1.50M
May 24 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
$236 / 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
$23,973
Tax year 2023
Assessed value
$1,278,404
Assessed 2023
Previous assessed
$866,802
+47.5% YoY
Effective rate
1.88%
On assessed value
Assessed land
$204,000
Assessed improvement
$1,074,404
Land market value
$204,000
Improvement market value
$1,074,404
Total market value
$1,278,404
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
Individual retail properties
Use group
DRY CLEANER
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
3
Stories
2
Units
17
Bathrooms
17
Total area
5,102 SF
Lot
0.26 ac (11,440 SF)
APN
7017-05-03-0240
UPID
US18-4265457
Jurisdiction
VOLUSIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$915,000
WAREHOUSE, STORAGE
Est. value
$910,000
RETAIL STORES
Est. value
$740,000
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1974
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Units
17
Bathrooms
17
Lot
0.26 ac
Current owner
From public records · entity-resolved
Salisbury Avenue Investments LLC
Entity
Mailing address
3256 W LK MARY BLVD STE #1110, LAKE MARY, FL 32746-3588
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2022
$1,500,000
Salisbury Avenue Investments LLC
Aa Silver Real Estate LLC
Warranty Deed
$1,125,000 · Climate First Bank
Jul 25, 2019
$1,050,000
Aa Silver Real Estate LLC
Goberdhan Investments LLC
Warranty Deed
$672,000 · Valley National Bank
May 5, 2016
$542,500
Goberdhan Investment LLC
Peter A Brown
Warranty Deed
$406,500 · Fairwinds Cu
Nov 3, 2004
$475,000
Peter A Brown
Bunnell,c E
Warranty Deed
$913,200 · C E & Christina E Bunnell
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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