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Property profile & analytics
OFF-MARKET
Estimated value
$3,700,000
Manufacturing properties
3845 Deerpark Blvd Elkton, FL 32033-4063
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7348890
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2021
Construction
LIGHT FRAME
Total area
20,720 SF
Lot
3.81 ac (165,789 SF)
Zoning code
PUD
APN
136321 0030
UPID
US18-7348890
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
$3.70M
CAP Approach
CAP
$2.25M
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$3.70M
Owner & transaction history
Tibbetts Lumber Co LLC · 2 yrs held
Tibbetts Lumber Co LLC
since 2024
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
PUD · Elkton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.2M
+173.2%
Auto repair, garage
$5.4M
+137.7%
Retail stores
$5.3M
+134.5%
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 Elkton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkton 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
$3,700,000
ML approach
$3,700,000
CAP Approach
CAP Return
Estimation
6%
$2,440,000
6.5%
$2,250,000
7%
$2,090,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,255,000
Current use
MEDICAL BUILDING
$6,155,000
Change: +173% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,355,000
Change: +138% · Conversion: Easy
RETAIL STORES
$5,285,000
Change: +135% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,265,000
Change: +134% · Conversion: Difficult
OFFICE BUILDING
$5,265,000
Change: +134% · Conversion: Difficult
Blend value · Realmo final
$3.70M
Range $3.33M – $4.07M · ±10% · vs last sale $3.70M (May 29 2024)
Last sale anchor
$3.70M
May 29 2024
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
$179 / 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
$30,804
Tax year 2023
Assessed value
$2,595,937
Assessed 2023
Previous assessed
$2,595,937
+0.0% YoY
Effective rate
1.19%
On assessed value
Land market value
$621,686
Improvement market value
$1,974,251
Total market value
$2,595,937
Applied tax rate
300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2021
Construction
LIGHT FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
20,720 SF
Lot
3.81 ac (165,789 SF)
Zoning code
PUD
APN
136321 0030
UPID
US18-7348890
Jurisdiction
ST JOHNS
Zoning & alternative use
PUD · Elkton, FL
Zoning PUD · permitted uses
PUD · Elkton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elkton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$5.4M
RETAIL STORES
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
OFFICE BUILDING
Est. value
$5.3M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2021
Construction
LIGHT FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.81 ac
Current owner
From public records · entity-resolved
Tibbetts Lumber Co LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2857 EXECUTIVE DR, CLEARWATER, FL 33762-2263
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2024
$3,700,000
Tibbetts Lumber Co LLC
Roy H Hinman II
Warranty Deed
—
May 31, 2022
—
Roy H Hinman II
—
Deed
related
$10,400 · Bank Of The Ozarks
Jun 26, 2020
—
Roy H Hinman II
—
Deed
related
$4,065,000 · Mainstreet Cmnty Bk/fl
Dec 23, 2019
$550,000
Roy H Hinman II
Rmjflorida LLC
Warranty Deed
$412,500 · Mainstreet Community Bank Of Florid
Jul 11, 2018
—
Rmjflorida LLC
—
Deed
related
$1,285,000 · Farm Credit Svcs
Jun 15, 2016
$700,000
Rmjflorida LLC
Fdg St Augustine Indl Park Ll
Grant Deed
—
Jan 12, 2005
$1,315,900
Flagler Dev Co
Deer Park Investment Corp
Grant Deed
—
—
—
Roy H Hinman II
—
Loan Modification
related
$4,065,000 · Mainstreet Cmnty Bk/fl
—
—
Rmjflorida LLC
—
Deed Of Trust
related
$1,285,000 · Farm Credit Svcs
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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