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Property profile & analytics
FOR LEASE
Distribution centers
323 N Delaware Ave 3 Deland, FL 32720
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-0201276
For Lease
1 / 5
$6,300/Mo
323 N Delaware Ave,Unit 3, Deland, FL 32720
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Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1940
Construction
WOOD
Total area
960 SF
Lot
0.68 ac (29,838 SF)
Zoning code
C-3
APN
7008-41-00-0140
UPID
US18-0201276
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
$220k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$220k
Owner & transaction history
Sams Family Hickory Ridge LLC · 1 yrs held
Sams Family Hickory Ridge LLC
since 2025
3 recorded transactions
Zoning & alternative use
C-3 · Deland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ories, such as P/E. Development under this classification depends upon meeting the requirements of the category applicable to the site's specific conditions. USES IN COMMERCIAL ZONING DISTRICTS P-1 BR C-1 C-2 C-2A C-2AC C-3 C-4 M-1 PROFESSIONAL General/Professional Offices P P P P P P P/E19 P P Financial Institutions P P P P C20 P P MEDICAL SUPPORT (See also…
Zone name
Rail Spur Commercial
General category
COMMERCIAL
Zone area
27.55 ac
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
by Request
ML approach
$220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$220k
Range $198k – $242k · ±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
$229 / 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
$4,640
Tax year 2023
Assessed value
$247,451
Assessed 2023
Previous assessed
$233,676
+5.9% YoY
Effective rate
1.88%
On assessed value
Assessed land
$37,298
Assessed improvement
$210,153
Land market value
$37,298
Improvement market value
$210,153
Total market value
$247,451
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1940
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
8
Stories
1
Total area
960 SF
Lot
0.68 ac (29,838 SF)
Zoning code
C-3
APN
7008-41-00-0140
UPID
US18-0201276
Jurisdiction
VOLUSIA
Zoning & alternative use
C-3 · Deland, FLZoning C-3 · permitted uses
C-3 · Deland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ories, such as P/E. Development under this classification depends upon meeting the requirements of the category applicable to the site's specific conditions. USES IN COMMERCIAL ZONING DISTRICTS P-1 BR C-1 C-2 C-2A C-2AC C-3 C-4 M-1 PROFESSIONAL General/Professional Offices P P P P P P P/E19 P P Financial Institutions P P P P C20 P P MEDICAL SUPPORT (See also Section 33-19.11) Medical office P P P P P P Apothecary shops P C15 Drugstores and
Zone name
Rail Spur Commercial
General category
COMMERCIAL
Zone area
27.55 ac
Building & site characteristics
From public records
Year built
1940
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
8
Lot
0.68 ac
Current owner
From public records · entity-resolved
Sams Family Hickory Ridge LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 1324, NORWICH, VT 05055-1324
Ownership since
2025
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
Mar 27, 2025
—
Sams Family Hickory Ridge LLC
Murray And Pietrina Sams Family Ltd
Special Warranty Deed
—
Sep 30, 2011
—
Murray & Pietrina Sams Family
Sams,pietrina M
Quit Claim Deed
related
—
Aug 24, 2004
$226,800
David Z Eunice
Sams,murray JR & Pietrina M
Warranty Deed
$204,120 · Murray JR & Pietrina M Sams
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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