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Property profile & analytics
OFF-MARKET
Estimated value
$9,795,000
Assisted living facilities
1851 Elkcam Blvd, Deltona, FL 32725-3922
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-0517205
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,845 SF
Lot
4.23 ac (184,258 SF)
Zoning code
M
APN
8130-15-00-0030
UPID
US18-0517205
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
-
Bedrock Rehabilitation & Nursing Center at West Volusia Rehabilitation Center Medical Center
-
Pizza Hit Restaurant
-
Tiffany Harrison, PTA Physician
-
Lars Negre, PT Physician
-
Miguel Alcantar Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.80M
Owner & transaction history
1851 Elkcam Boulevard Fl Owner LLC · 2 yrs held
1851 Elkcam Boulevard Fl Owner LLC
since 2023
Last sale
$10.1M
7 recorded transactions
Zoning & alternative use
M · Deltona, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.4M
+9.1%
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 Deltona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Deltona 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
$10,070,000
ML approach
$8,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$10,445,000
Current use
AUTO REPAIR, GARAGE
$11,390,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,505,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,965,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$8,530,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$9.80M
Range $8.82M – $10.77M · ±10% · vs last sale $10.07M (Sep 19 2023)
Last sale anchor
$10.07M
Sep 19 2023
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
$214 / 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
$88,646
Tax year 2023
Assessed value
$6,100,870
Assessed 2023
Previous assessed
$3,327,051
+83.4% YoY
Effective rate
1.45%
On assessed value
Assessed land
$1,440,000
Assessed improvement
$4,660,870
Land market value
$1,440,000
Improvement market value
$4,660,870
Total market value
$6,100,870
Applied tax rate
16.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
79
Total area
45,845 SF
Lot
4.23 ac (184,258 SF)
Zoning code
M
APN
8130-15-00-0030
UPID
US18-0517205
Jurisdiction
VOLUSIA
Zoning & alternative use
M · Deltona, FL
Zoning M · permitted uses
M · Deltona, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Deltona. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$10.4M
AUTO REPAIR, GARAGE
Est. value
$11.4M
WAREHOUSE, STORAGE
Est. value
$9.5M
COMMERCIAL (GENERAL)
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$8.5M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
79
Lot
4.23 ac
Current owner
From public records · entity-resolved
1851 Elkcam Boulevard Fl Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
885 3RD AVE FL, NEW YORK, NY 10022-4834
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
$10,068,106
1851 Elkcam Boulevard Fl Owner LLC
Fc Encore Deltona LLC
Special Warranty Deed
—
Aug 23, 2016
$5,973,342
Fc Encore Deltona LLC
Fc Encore Core Properties LLC
Grant Deed
—
Aug 23, 2016
—
Lve Master Tenant 4 LLC
—
Deed
related
$7,346,500 · Keybank USA
Oct 10, 2006
—
Formation Portfolio I LLC
Formation Properties I LLC
Quit Claim Deed
—
Jan 16, 2002
$4,263,600
Formation Properties I LLC
Beverly Enterprises-florida
Grant Deed
—
—
—
Fc Encore Core Properties LLC
—
Deed Of Trust
related
$479,000,000 · Keybank USA
—
—
Lve Master Tenant 4 LLC
—
Deed Of Trust
related
$7,346,500 · Keybank USA
—
—
Fc Encore Deltona LLC
—
Loan Modification
related
$7,346,500 · Keybank USA
—
—
Formation Properties I LLC
—
Deed Of Trust
related
$175,000 · General Electric Capital Corp
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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