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Property profile & analytics
OFF-MARKET
Estimated value
$6,595,000
Investment properties
202 Relocation Rd, Edgewater, FL 32141-7931
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0511438
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2008
Construction
WOOD
Total area
44,800 SF
Lot
6.14 ac (267,457 SF)
Zoning code
I1
APN
8424-00-00-0041
UPID
US18-0511438
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
-
Magic Tilt Trailers LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.52M
Comparable Approach
Comparable
$6.35M
Blend (final)
Blend
$6.60M
Owner & transaction history
Andrew D Hughes · 6 yrs held
Andrew D Hughes
since 2019
4 recorded transactions
Zoning & alternative use
I1 · Edgewater, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.3M
+1.3%
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%
$9,225,000
6.5%
$8,515,000
7%
$7,905,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,225,000
Current use
MEDICAL BUILDING
$8,335,000
Change: +1% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,020,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$7,900,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$6.60M
Range $5.94M – $7.25M · ±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
$147 / 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
$64,027
Tax year 2023
Assessed value
$3,106,045
Assessed 2023
Previous assessed
$3,106,045
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$588,405
Assessed improvement
$2,517,640
Land market value
$588,405
Improvement market value
$2,517,640
Total market value
$3,106,045
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
44,800 SF
Lot
6.14 ac (267,457 SF)
Zoning code
I1
APN
8424-00-00-0041
UPID
US18-0511438
Jurisdiction
VOLUSIA
Zoning & alternative use
I1 · Edgewater, FL
Zoning I1 · permitted uses
I1 · 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
COMMERCIAL (GENERAL) Current
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$8.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.0M
RETAIL STORES
Est. value
$7.9M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2008
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
6.14 ac
Current owner
From public records · entity-resolved
Andrew D Hughes
Individual
Mailing address
3916 N POTSDAM AVE UNIT #1997, SIOUX FALLS, SD 57104-7048
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
$3,550,000
Andrew D Hughes
Karavan Trailers INC
Warranty Deed
$2,177,000 · Wells Fargo Bank NA
Dec 26, 2007
—
Karavan Trailers INC
—
Trustees Deed
related
$2,934,500 · Associated Bank
Oct 4, 2007
$641,000
Karavan Trailers INC
Sfera,trajan J & Persa
Warranty Deed
—
—
—
Karavan Trailers INC
—
Deed Of Trust
related
$4,360,000 · Hometown 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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