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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Bars & Pubs
300 Spalding Way Deland, FL 32724-8802
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-2535658
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
2007
Construction
WOOD
Total area
7,134 SF
Lot
195.39 ac (8,511,189 SF)
APN
7035-02-01-000Q
UPID
US18-2535658
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
-
Sparrow's Grille Restaurant
-
Victoria Hills Golf Club Golf Course
-
A Top 10 Course In Florida Golf Course
-
Victoria Hills Women's Golf Association Golf Course
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.42M
Owner & transaction history
Ok Victoria Hills Golf Lllp · 6 yrs held
Ok Victoria Hills Golf Lllp
since 2020
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+4.3%
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 Deland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Deland 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
$1,340,000
ML approach
$1,460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,700,000
Current use
AUTO REPAIR, GARAGE
$1,775,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10% · vs last sale $1.61M (Feb 21 2020)
Last sale anchor
$1.61M
Feb 21 2020
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
$199 / 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
$35,830
Tax year 2023
Assessed value
$1,910,678
Assessed 2023
Previous assessed
$1,501,192
+27.3% YoY
Effective rate
1.88%
On assessed value
Assessed land
$497,858
Assessed improvement
$1,412,820
Land market value
$497,858
Improvement market value
$1,412,820
Total market value
$1,910,678
Applied tax rate
12.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Bathrooms
1
Total area
7,134 SF
Lot
195.39 ac (8,511,189 SF)
APN
7035-02-01-000Q
UPID
US18-2535658
Jurisdiction
VOLUSIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RESTAURANT Current
AUTO REPAIR, GARAGE
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
2007
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
195.39 ac
Current owner
From public records · entity-resolved
Ok Victoria Hills Golf Lllp
Entity
Free & Clear · 6 yrs held
Mailing address
41 COASTAL OAKS CIR, PONCE INLET, FL 32127-7249
Ownership since
2020
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
Feb 21, 2020
—
Ok Victoria Hills Golf Lllp
Ok Victoria Park Lllp
Quit Claim Deed
related
—
Feb 21, 2020
$1,610,000
Kvz Golf LLC
Ok Victoria Hills Golf Lllp
Special Warranty Deed
$1,400,000 · Surety Bank
Aug 11, 2017
—
Vp HOA INC
Ok Victoria Hills Golf Lllp
Quit Claim Deed
related
—
Dec 29, 2009
$407,368
Ok Victoria Hills Golf Lllp
Stjoe Co
Grant Deed
—
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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