Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Warehouses
398 Shell Rd Debary, FL 32713-1822
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-6289931
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
WOOD
Total area
13,500 SF
Lot
2.64 ac (115,115 SF)
APN
9004-15-00-0010
UPID
US18-6289931
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
by Request
CAP Approach
CAP
$1.67M
Comparable Approach
Comparable
$2.27M
Blend (final)
Blend
$1.72M
Owner & transaction history
Dbk Investment LLC · 12 yrs held
Dbk Investment LLC
since 2013
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Debary submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Debary 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,810,000
6.5%
$1,670,000
7%
$1,550,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,800,000
Current use
COMMERCIAL (GENERAL)
$2,790,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$2,510,000
Change: -10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,415,000
Change: -14% · Conversion: Moderate
RETAIL STORES
$2,380,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±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
$127 / 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
$15,194
Tax year 2023
Assessed value
$812,810
Assessed 2023
Previous assessed
$752,616
+8.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$155,405
Assessed improvement
$657,405
Land market value
$155,405
Improvement market value
$657,405
Total market value
$812,810
Applied tax rate
15.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
5
Total area
13,500 SF
Lot
2.64 ac (115,115 SF)
APN
9004-15-00-0010
UPID
US18-6289931
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
WAREHOUSE, STORAGE Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
RETAIL STORES
Est. value
$2.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1999
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
5
Lot
2.64 ac
Current owner
From public records · entity-resolved
Dbk Investment LLC
Entity
Free & Clear · 12 yrs held
Mailing address
398 S SHELL RD, DEBARY, FL 32713-1822
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2018
—
Dbk Investment LLC
—
Loan Modification
related
$1,216,000 · Cogent Bank
Jul 30, 2013
$525,000
Dbk Investment LLC
Wells Fargo Bank N A
Special Warranty Deed
—
Oct 18, 2012
$291,000
Fargo Bk NA Wells
Hoffman Brothers INC Coc
Trustees Deed
related
—
—
—
Hoffman Brothers INC
—
Deed Of Trust
related
$1,331,667 · Wells Fargo Bank
—
—
Dean O'brien
—
Deed Of Trust
related
$500,000 · Hoffman Brothers INC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 398 Shell Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
