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Property profile & analytics
FOR SALE
Community centers
2621 Enterprise Rd Orange City, FL 32763
Entity Owned
14-yr Hold
Free & Clear
Property ID
US18-4840135
For Sale
1 / 18
$270,000
2621 Enterprise Rd, Orange City, FL 32763
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Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
75,449 SF
Lot
17.76 ac (773,833 SF)
Zoning code
MX
APN
8023-00-00-0160
UPID
US18-4840135
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
-
Florida Medical Hearing Centers Audiologist Hearing Aid Store
-
Toe to Toe Massage Alternative Medicine Practice Spa & Massage Center
-
HearUSA Hearing Aid Store Audiologist
-
Halifax Health | Brooks Rehabilitation Outpatient Clinic - West Volusia Medical Clinic
-
Orange Social Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.63M
Comparable Approach
Comparable
$23.07M
Blend (final)
Blend
$16.87M
Owner & transaction history
Inland Diversified Orange City · 14 yrs held
Inland Diversified Orange City
since 2012
7 recorded transactions
Zoning & alternative use
MX · Orange City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$26.9M
+99.5%
Auto repair, garage
$18.7M
+38.8%
Warehouse, storage
$15.6M
+15.8%
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 Orange City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange City 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%
$19,095,000
6.5%
$17,625,000
7%
$16,365,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$13,510,000
Current use
RESTAURANT
$26,945,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,745,000
Change: +39% · Conversion: Difficult
WAREHOUSE, STORAGE
$15,645,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$14,035,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$13,310,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$16.87M
Range $15.18M – $18.55M · ±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
$224 / 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
$363,692
Tax year 2023
Assessed value
$18,245,728
Assessed 2023
Previous assessed
$16,831,717
+8.4% YoY
Effective rate
1.99%
On assessed value
Assessed land
$4,701,035
Assessed improvement
$13,544,693
Land market value
$4,701,035
Improvement market value
$13,544,693
Total market value
$18,245,728
Applied tax rate
14.0000
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
Community centers
Use group
MINI-MALL
Status
For Sale
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
75,449 SF
Lot
17.76 ac (773,833 SF)
Zoning code
MX
APN
8023-00-00-0160
UPID
US18-4840135
Jurisdiction
VOLUSIA
Zoning & alternative use
MX · Orange City, FL
Zoning MX · permitted uses
MX · Orange City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orange City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$13.5M
RESTAURANT
Est. value
$26.9M
AUTO REPAIR, GARAGE
Est. value
$18.7M
WAREHOUSE, STORAGE
Est. value
$15.6M
MEDICAL BUILDING
Est. value
$14.0M
RETAIL STORES
Est. value
$13.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
17.76 ac
Current owner
From public records · entity-resolved
Inland Diversified Orange City
Entity
Free & Clear · 14 yrs held
Mailing address
30 S MERIDIAN ST STE #1100, INDIANAPOLIS, IN 46204-3565
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2012
$20,730,000
Inland Diversified Orange City
Saxon Crossing Partners Ltd
Grant Deed
—
May 16, 2008
—
Saxon Crossing Partners Ltd
—
Trustees Deed
related
$231,929 · Rbc Bank (usa)
Dec 27, 2004
$387,111
Saxon Crossing Partners Ltd
Barnes,susan A
Warranty Deed
—
Aug 5, 2003
—
Susan A Barnes
Threadgill,samuel J
Grant Deed
related
—
Jun 18, 2003
$396,800
Saxon Trace Partners Ltd
Threadgill,eugene E Tr
Grant Deed
—
May 21, 2002
—
Volusia County (fl)
Orange City (fl)
Quit Claim Deed
related
—
—
—
Saxon Crossing Partners Ltd
—
Deed Of Trust
related
$11,090,243 · Rbc Bank (usa)
—
—
Saxon Crossing Partners Ltd
—
Deed Of Trust
related
$3,800,000 · Rbc Bank (usa)
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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