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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
Grocery and convenience stores
1400 Mason Ave Daytona Beach, FL 32117-7800
Individually Owned
4-yr Hold
Free & Clear
Property ID
US19-0375927
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,832 SF
Lot
2.07 ac (90,170 SF)
Zoning code
T4
APN
5211-23-00-0050
UPID
US19-0375927
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
-
MJ Uniforms & More (Bike/Boat/Book/etc) Store
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
7-Eleven Grocery & Convenience Store
-
Western Union Bank Credit Union
-
Hanger Clinic: Prosthetics & Orthotics Orthotics & Prosthetics Service Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.77M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$2.08M
Owner & transaction history
Rick E Heidner · 4 yrs held
Rick E Heidner
since 2021
2 recorded transactions
Zoning & alternative use
T4 · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.9M
+17.1%
Restaurant
$2.5M
+1.2%
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 Daytona Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daytona Beach 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,995,000
6.5%
$2,765,000
7%
$2,565,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,510,000
Current use
AUTO REPAIR, GARAGE
$2,940,000
Change: +17% · Conversion: Difficult
RESTAURANT
$2,540,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$2,315,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,305,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±10%
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
$176 / 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
$17,911
Tax year 2023
Assessed value
$999,049
Assessed 2023
Previous assessed
$946,780
+5.5% YoY
Effective rate
1.79%
On assessed value
Assessed land
$541,020
Assessed improvement
$458,029
Land market value
$541,020
Improvement market value
$458,029
Total market value
$999,049
Applied tax rate
204.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
10
Total area
11,832 SF
Lot
2.07 ac (90,170 SF)
Zoning code
T4
APN
5211-23-00-0050
UPID
US19-0375927
Jurisdiction
VOLUSIA
Zoning & alternative use
T4 · Daytona Beach, FL
Zoning T4 · permitted uses
T4 · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Daytona Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RESTAURANT
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
10
Lot
2.07 ac
Current owner
From public records · entity-resolved
Rick E Heidner
Individual
Free & Clear · 4 yrs held
Mailing address
5277 TRILLIUM BLVD, HOFFMAN ESTATES, IL 60192-3602
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
—
Rick E Heidner
Hysh Properties LLC
Special Warranty Deed
—
Mar 8, 2004
$1,897,000
Properties L L C Hysh
Stern & Stern & Associates L P
Grant Deed
$1,312,500 · Parkway Bank & Trust Co
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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