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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Investment properties
2220 Hibiscus Dr, Edgewater, FL 32141-4717
Individually Owned
1-yr Hold
Property ID
US18-0530123
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,804 SF
Lot
0.62 ac (26,960 SF)
Zoning code
B2
APN
8402-01-06-8700
UPID
US18-0530123
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
-
R & W Printing (Bike/Boat/Book/etc) Store Printing Service
-
Pyramid Pest Services Inc Garden Center
-
Island Dream Homes & Roofing General Contractor
-
Hibiscus Plaza & Storage Storage Facility
-
Ace Realty & Management, LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$915k
Comparable Approach
Comparable
$791k
Blend (final)
Blend
$765k
Owner & transaction history
Helmut Hittinger · 1 yrs held
Helmut Hittinger
since 2024
Last sale
$758,000
7 recorded transactions
Zoning & alternative use
B2 · Edgewater, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+35.3%
Medical building
$895,000
+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%
$990,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$880,000
Current use
AUTO REPAIR, GARAGE
$1,195,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$895,000
Change: +1% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$860,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$845,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $758k (Jul 23 2024)
Last sale anchor
$758k
Jul 23 2024
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
$159 / 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
$7,065
Tax year 2023
Assessed value
$386,829
Assessed 2023
Previous assessed
$331,076
+16.8% YoY
Effective rate
1.83%
On assessed value
Assessed land
$68,748
Assessed improvement
$318,081
Land market value
$68,748
Improvement market value
$318,081
Total market value
$386,829
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Stories
1
Bathrooms
4
Total area
4,804 SF
Lot
0.62 ac (26,960 SF)
Zoning code
B2
APN
8402-01-06-8700
UPID
US18-0530123
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
COMMERCIAL (GENERAL) Current
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$895,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$860,000
RETAIL STORES
Est. value
$845,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
2
Bathrooms
4
Lot
0.62 ac
Current owner
From public records · entity-resolved
Helmut Hittinger
Individual
Mailing address
4836 S ATLANTIC AVE, NEW SMYRNA BEACH, FL 32169-4474
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2024
$758,000
Helmut Hittinger
Brent Merilson
Warranty Deed
—
Jul 20, 2021
$354,425
Brent Merilson
Kevin A Mcdonald
Warranty Deed
—
Feb 2, 2018
—
Kevin A Mcdonald
—
Deed
related
$240,000 · Pnc Bank NA
Jun 23, 2017
$250,000
Kevin A Mcdonald
Kffa Investments INC
Warranty Deed
—
May 7, 2012
—
Cathyann Howard
Delucia Robert A SR
Warranty Deed
related
—
May 3, 2012
—
Cathyann Howard
Delucia Robert A SR
Warranty Deed
related
—
Jan 29, 2002
$305,000
R A D Financial Services INC
Roberts Trust
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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