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Property profile & analytics
OFF-MARKET
Estimated value
$11,795,000
Grocery and convenience stores
1900 State Rd 44 New Smyrna Beach, FL 32168
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-4890501
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
69,987 SF
Lot
19.8 ac (862,488 SF)
APN
7343-06-00-0723
UPID
US18-4890501
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
by Request
CAP Approach
CAP
$10.14M
Comparable Approach
Comparable
$12.98M
Blend (final)
Blend
$11.80M
Owner & transaction history
Publix Super Markets INC · 12 yrs held
Publix Super Markets INC
since 2014
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.4M
+11.1%
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 New Smyrna Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Smyrna 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%
$10,985,000
6.5%
$10,140,000
7%
$9,415,000
Alternative Use
Use
Estimation
RETAIL STORES
$15,650,000
Current use
AUTO REPAIR, GARAGE
$17,390,000
Change: +11% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,515,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$13,020,000
Change: -17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,530,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$11.80M
Range $10.62M – $12.97M · ±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
$169 / 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
$252,909
Tax year 2023
Assessed value
$13,750,870
Assessed 2023
Previous assessed
$12,786,166
+7.5% YoY
Effective rate
1.84%
On assessed value
Assessed land
$4,633,501
Assessed improvement
$9,117,369
Land market value
$4,633,501
Improvement market value
$9,117,369
Total market value
$13,750,870
Applied tax rate
601.0000
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Bathrooms
44
Total area
69,987 SF
Lot
19.8 ac (862,488 SF)
APN
7343-06-00-0723
UPID
US18-4890501
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
RETAIL STORES Current
Est. value
$15.7M
AUTO REPAIR, GARAGE
Est. value
$17.4M
WAREHOUSE, STORAGE
Est. value
$14.5M
MEDICAL BUILDING
Est. value
$13.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
Buildings
4
Bathrooms
44
Lot
19.8 ac
Current owner
From public records · entity-resolved
Publix Super Markets INC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2014
$16,000,000
Publix Super Markets INC
Equity One INC
Grant Deed
—
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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