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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Warehouses
2424 Hibiscus Dr Edgewater, FL 32141-5002
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0463185
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,936 SF
Lot
1.06 ac (46,320 SF)
Zoning code
B2
APN
8402-01-06-8330
UPID
US18-0463185
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
-
A Storage 4 Less Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Self Storage Edgewater Storage Facility
-
Edgewater Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$945k
Owner & transaction history
Edgewater Self Storage LLC · 3 yrs held
Edgewater Self Storage LLC
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
B2 · Edgewater, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$905,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $1.02M (Jul 28 2022)
Last sale anchor
$1.02M
Jul 28 2022
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
$68 / 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
$17,127
Tax year 2023
Assessed value
$901,197
Assessed 2023
Previous assessed
$551,966
+63.3% YoY
Effective rate
1.90%
On assessed value
Assessed land
$138,960
Assessed improvement
$762,237
Land market value
$138,960
Improvement market value
$762,237
Total market value
$901,197
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
3
Total area
13,936 SF
Lot
1.06 ac (46,320 SF)
Zoning code
B2
APN
8402-01-06-8330
UPID
US18-0463185
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.
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.06 ac
Current owner
From public records · entity-resolved
Edgewater Self Storage LLC
Entity
Mailing address
1718 CAPITOL AVE, CHEYENNE, WY 82001-4528
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
—
Edgewater Self Storage LLC
—
Deed
related
$675,000 · Standard Insurance Co
Jul 28, 2022
$1,015,000
Edgewater Self Storage LLC
Anabasis LLC
Warranty Deed
$700,000 · Anabasis LLC
Dec 14, 2021
$650,000
Anabasis LLC
Storage Management Of America INC
Warranty Deed
—
Apr 22, 2019
—
Storage Mgmt Of America INC
—
Deed
related
$85,885 · United Storage Of America LLC
May 3, 2017
—
Storage Management Of America INC
—
Deed
related
$114,317 · United Storage Of America LLC
May 14, 2012
$190,000
Storage Management Of America INC
United Storage Of America LLC
Warranty Deed
$180,000 · United Storage America LLC
Mar 4, 2010
$190,000
United Storage Of America LLC
Bayview Ln Svcg LLC
Grant Deed
—
Sep 2, 2009
—
Bayview Loan Servicing LLC
Super Closet LLC Coc
Trustees Deed
related
—
May 17, 2004
$400,000
Super Closet LLC
Grooms,gerald C & Mary A
Grant Deed
$300,000 · Gerald C & Mary A Grooms
—
—
Storage Mgmt Of America INC
—
Loan Modification
related
$85,885 · United Storage Of America LLC
—
—
Storage Management Of America INC
—
Loan Modification
related
$114,317 · United Storage Of America LLC
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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