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Property profile & analytics
FOR LEASE
Investment properties
145 E Rich Ave Deland, FL 32720
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4548611
For Lease
1 / 3
$22 SF/Yr
145 E Rich Ave, Deland, FL 32720
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,719 SF
Lot
1.41 ac (61,600 SF)
Zoning code
C2
APN
7009-01-07-0060
UPID
US18-4548611
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
-
Florida Wealth Counseling, LLP Bank Credit Union
-
Right at Home Home Health Care Service Home Help
-
LeFils & Company, LLC Accounting Firm Tax Preparation
-
Fish Bert Foundation Charitable Organization
-
Colleen Kurczi, Broker/Owner of Cardinal Row Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.80M
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$2.26M
Owner & transaction history
George R Kircher · 1 yrs held
George R Kircher
since 2025
6 recorded transactions
Zoning & alternative use
C2 · Deland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.7M
+59.1%
Restaurant
$3.5M
+52.6%
Medical building
$2.7M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,030,000
6.5%
$2,795,000
7%
$2,595,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,300,000
Current use
AUTO REPAIR, GARAGE
$3,655,000
Change: +59% · Conversion: Difficult
RESTAURANT
$3,505,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$2,740,000
Change: +19% · Conversion: Easy
WAREHOUSE, STORAGE
$2,725,000
Change: +19% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,635,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$2,535,000
Change: +10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,125,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±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
$153 / 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
$20,957
Tax year 2023
Assessed value
$1,310,576
Assessed 2023
Previous assessed
$944,857
+38.7% YoY
Effective rate
1.60%
On assessed value
Assessed land
$249,018
Assessed improvement
$1,061,558
Land market value
$249,018
Improvement market value
$1,061,558
Total market value
$1,310,576
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
For Lease
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
9
Total area
14,719 SF
Lot
1.41 ac (61,600 SF)
Zoning code
C2
APN
7009-01-07-0060
UPID
US18-4548611
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
$2.3M
AUTO REPAIR, GARAGE
Est. value
$3.7M
RESTAURANT
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
RETAIL STORES
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
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
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
9
Lot
1.41 ac
Current owner
From public records · entity-resolved
George R Kircher
Individual
Free & Clear · 1 yrs held
Mailing address
1550 KUWANA WAY, DELAND, FL 32720-2392
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jul 11, 2025
—
George R Kircher
George R Kircher
Deed
related
—
Jan 8, 2025
—
Deland Renovation Office Project
—
Deed
related
$200,000 · Vicentta G Ford
Jun 19, 2024
—
Deland Renovation Office Project
—
Deed
related
$104,000 · Vincetta G Ford
Jan 15, 2019
—
Deland Renovation Office Proje
—
Deed
related
$617,671 · Mainstreet Cmnty Bk/fl
—
—
Deland Renovation Office Proje
—
Loan Modification
related
$623,440 · Mainstreet Community Bank Fl
—
—
Deland Renovation Office Proje
—
Loan Modification
related
$617,671 · Mainstreet Cmnty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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