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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Warehouses
3017 India Palm Dr, Edgewater, FL 32141-6203
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-9881339
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,400 SF
Lot
0.77 ac (33,673 SF)
Zoning code
B2
APN
8402-01-07-4990
UPID
US18-9881339
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
$365k
Comparable Approach
Comparable
$385k
Blend (final)
Blend
$535k
Owner & transaction history
India Palm Storage LLC · 3 yrs held
India Palm Storage LLC
since 2023
Last sale
$545,000
3 recorded transactions
Zoning & alternative use
B2 · Edgewater, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$595,000
+108.8%
Medical building
$445,000
+56.3%
Commercial (general)
$440,000
+54.3%
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
$545,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
$395,000
6.5%
$365,000
7%
$340,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$595,000
Change: +109% · Conversion: Easy
MEDICAL BUILDING
$445,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$440,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$430,000
Change: +50% · Conversion: Moderate
RETAIL STORES
$425,000
Change: +48% · Conversion: Moderate
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $545k (Jul 3 2023)
Last sale anchor
$545k
Jul 3 2023
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
$223 / 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
$5,767
Tax year 2023
Assessed value
$302,578
Assessed 2023
Previous assessed
$261,893
+15.5% YoY
Effective rate
1.91%
On assessed value
Assessed land
$56,571
Assessed improvement
$246,007
Land market value
$56,571
Improvement market value
$246,007
Total market value
$302,578
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
3
Stories
1
Total area
2,400 SF
Lot
0.77 ac (33,673 SF)
Zoning code
B2
APN
8402-01-07-4990
UPID
US18-9881339
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
AUTO REPAIR, GARAGE
Est. value
$595,000
MEDICAL BUILDING
Est. value
$445,000
COMMERCIAL (GENERAL)
Est. value
$440,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$430,000
RETAIL STORES
Est. value
$425,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
3
Lot
0.77 ac
Current owner
From public records · entity-resolved
India Palm Storage LLC
Entity
Mailing address
1330 FORREST CT, MARCO ISLAND, FL 34145-5845
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
$545,000
India Palm Storage LLC
Totally Storage LLC
Special Warranty Deed
—
May 9, 2022
$152,500
Totally Storage LLC
A Storage King INC
Special Warranty Deed
$160,000 · A Storage King INC
—
—
Storage King INC
—
Deed Of Trust
related
$85,000 · Suntrust Bank NA
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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