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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Warehouses
1904 Hibiscus Dr Edgewater, FL 32141-4004
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2715536
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,150 SF
Lot
1.39 ac (60,540 SF)
Zoning code
B2
APN
8402-01-00-5130
UPID
US18-2715536
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
-
All Storage and U-Lock Mini-Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$780k
Comparable Approach
Comparable
$827k
Blend (final)
Blend
$790k
Owner & transaction history
All Storage LLC · 17 yrs held
All Storage LLC
since 2008
1 recorded transaction
Zoning & alternative use
B2 · Edgewater, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+108.8%
Medical building
$960,000
+56.3%
Commercial (general)
$945,000
+54.3%
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 Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater 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%
$845,000
6.5%
$780,000
7%
$725,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$615,000
Current use
AUTO REPAIR, GARAGE
$1,280,000
Change: +109% · Conversion: Easy
MEDICAL BUILDING
$960,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$945,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$920,000
Change: +50% · Conversion: Moderate
RETAIL STORES
$910,000
Change: +48% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$670,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$18,760
Tax year 2023
Assessed value
$981,027
Assessed 2023
Previous assessed
$358,637
+173.5% YoY
Effective rate
1.91%
On assessed value
Assessed land
$143,480
Assessed improvement
$837,547
Land market value
$143,480
Improvement market value
$837,547
Total market value
$981,027
Applied tax rate
604.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
6
Stories
1
Bathrooms
3
Total area
5,150 SF
Lot
1.39 ac (60,540 SF)
Zoning code
B2
APN
8402-01-00-5130
UPID
US18-2715536
Jurisdiction
VOLUSIA
Zoning & alternative use
B2 · Edgewater, FL
Zoning B2 · permitted uses
B2 · Edgewater, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edgewater. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$945,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$920,000
RETAIL STORES
Est. value
$910,000
INDUSTRIAL (GENERAL)
Est. value
$670,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Bathrooms
3
Lot
1.39 ac
Current owner
From public records · entity-resolved
All Storage LLC
Entity
Mailing address
450 WILDWOOD DR, NEW SMYRNA BEACH, FL 32168-1828
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Sep 19, 2008
—
All Storage LLC
Browning,john R & Eugenia A
Warranty Deed
$555,000 · Prosperity Bank
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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