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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Manufacturing properties
2732 Hibiscus Dr Edgewater, FL 32141-5401
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4407885
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2001
Construction
WOOD
Total area
9,600 SF
Lot
0.83 ac (36,320 SF)
Zoning code
B2
APN
8402-01-06-7850
UPID
US18-4407885
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
-
Captain Foods Inc Specialty Food Shop
-
House-Autry Mills Inc. Edgwater Food Processing Plant Factory
-
Stellar Solar Edgewater Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$970k
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.02M
Owner & transaction history
Rbf 1 Holding LLC · 3 yrs held
Rbf 1 Holding LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
B2 · Edgewater, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+36.0%
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
$955,000
ML approach
$970,000
CAP Approach
CAP Return
Estimation
6%
$955,000
6.5%
$880,000
7%
$815,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,245,000
Current use
RETAIL STORES
$1,695,000
Change: +36% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,145,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $1.08M (Jul 18 2022)
Last sale anchor
$1.08M
Jul 18 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
$106 / 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
$12,582
Tax year 2023
Assessed value
$652,180
Assessed 2023
Previous assessed
$388,437
+67.9% YoY
Effective rate
1.93%
On assessed value
Assessed land
$108,960
Assessed improvement
$543,220
Land market value
$108,960
Improvement market value
$543,220
Total market value
$652,180
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
9,600 SF
Lot
0.83 ac (36,320 SF)
Zoning code
B2
APN
8402-01-06-7850
UPID
US18-4407885
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
2001
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
Rbf 1 Holding LLC
Entity
Mailing address
444 RIVERSIDE DR, ORMOND BEACH, FL 32176-7118
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2022
$1,075,000
Rbf 1 Holding LLC
Douglas D Feindt
Warranty Deed
$787,500 · Addition Financial Cu
Nov 21, 2016
—
Douglas D Feindt
—
Deed
related
$335,000 · Td Bank NA
Jul 22, 2015
—
Feindt,douglas D & K M Trust
Feindt,douglas D & Kathryn M
Quit Claim Deed
related
—
Jun 9, 2001
—
Douglas D Feindt
—
Trustees Deed
related
$179,700 · Regions Bank
May 24, 2000
$19,000
Douglas D Feindt
Proffitt,eleanor E
Grant Deed
—
—
—
Douglas D Feindt
—
Deed Of Trust
related
$84,165 · Friends Bank
—
—
Captain Foods INC
—
Deed Of Trust
related
$15,000 · Friends Bank
—
—
Douglas D Feindt
—
Deed Of Trust
related
$230,000 · Friends 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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