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Property profile & analytics
FOR LEASE
Distribution centers
4055 Deerpark Blvd Elkton, FL 32033
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4911499
For Lease
1 / 2
$26,680,000
4055 Deerpark Blvd, Elkton, FL 32033
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1994
Construction
STEEL FRAME
Total area
241,626 SF
Lot
25 ac (1,089,000 SF)
Zoning code
PUD
APN
136635 0090
UPID
US18-4911499
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
$31.89M
Comparable Approach
Comparable
$36.10M
Blend (final)
Blend
$26.68M
Owner & transaction history
Bvip 4055 Deerpark LLC · 3 yrs held
Bvip 4055 Deerpark LLC
since 2022
Last sale
$21.9M
5 recorded transactions
Zoning & alternative use
PUD · Elkton, FL
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 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
$19,515,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$34,545,000
6.5%
$31,890,000
7%
$29,610,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$30,005,000
Current use
Blend value · Realmo final
$26.68M
Range $24.01M – $29.35M · ±10% · vs last sale $21.85M (Aug 26 2022)
Last sale anchor
$21.85M
Aug 26 2022
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
$110 / 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
$275,526
Tax year 2023
Assessed value
$21,706,107
Assessed 2023
Previous assessed
$11,762,119
+84.5% YoY
Effective rate
1.27%
On assessed value
Land market value
$3,811,500
Improvement market value
$17,894,607
Total market value
$21,706,107
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1994
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
241,626 SF
Lot
25 ac (1,089,000 SF)
Zoning code
PUD
APN
136635 0090
UPID
US18-4911499
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
WAREHOUSE, STORAGE Current
Est. value
$30.0M
WAREHOUSE, STORAGE Current
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
1994
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
25 ac
Current owner
From public records · entity-resolved
Bvip 4055 Deerpark LLC
Entity
Mailing address
225 NE MIZNER BLVD STE #400, BOCA RATON, FL 33432-4092
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Aug 26, 2022
$21,850,000
Bvip 4055 Deerpark LLC
Deer Park Property LP
Special Warranty Deed
$10,855,000 · Ameris Bank
Aug 26, 2022
—
Bvip 4055 Deerpark LLC
Deer Park Property LP
Quit Claim Deed
related
—
Oct 27, 2021
$16,000,000
Deer Park Property LP
Tso Deerpark LP
Special Warranty Deed
$21,710,000 · Ameris Bank
May 15, 2014
—
Deerpark LP Tso
Elkton Venture LLC
Quit Claim Deed
related
—
May 15, 2014
$14,500,000
Tso Deerpark LP
Elkton Venture LLC
Grant Deed
$8,700,000 · Brand Bkng
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?”
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