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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Warehouses
4470 Us Hwy 17 Deland, FL 32720-1120
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0548174
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,564 SF
Lot
1.46 ac (63,568 SF)
Zoning code
B4
APN
6039-08-00-0098
UPID
US18-0548174
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
$590k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$565k
Owner & transaction history
Palmatier Properties LLC · 2 yrs held
Palmatier Properties LLC
since 2023
Last sale
$554,000
4 recorded transactions
Zoning & alternative use
B4 · Deland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$895,000
+9.5%
Medical building
$850,000
+4.1%
Neighborhood: shopping center
$815,000
+0.2%
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
$605,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$815,000
Current use
COMMERCIAL (GENERAL)
$895,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$850,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Change: +0% · Conversion: Moderate
RETAIL STORES
$660,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $554k (Dec 4 2023)
Last sale anchor
$554k
Dec 4 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
$124 / 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
$5,486
Tax year 2023
Assessed value
$263,116
Assessed 2023
Previous assessed
$242,286
+8.6% YoY
Effective rate
2.09%
On assessed value
Assessed land
$49,650
Assessed improvement
$213,466
Land market value
$49,650
Improvement market value
$213,466
Total market value
$263,116
Applied tax rate
100.0000
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
1
Total area
4,564 SF
Lot
1.46 ac (63,568 SF)
Zoning code
B4
APN
6039-08-00-0098
UPID
US18-0548174
Jurisdiction
VOLUSIA
Zoning & alternative use
B4 · Deland, FL
Zoning B4 · permitted uses
B4 · Deland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Deland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$895,000
MEDICAL BUILDING
Est. value
$850,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$815,000
RETAIL STORES
Est. value
$660,000
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
Palmatier Properties LLC
Entity
Mailing address
549 GLENWOOD RD, DELAND, FL 32720-1634
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2023
$554,000
Palmatier Properties LLC
Martin E Nichols
Warranty Deed
$554,000 · Martin E Nichols Etux
Jul 20, 2020
—
Martin E Nichols
Judson M Nichols
Correction Deed
related
—
Jul 25, 2014
—
Judson M Nichols
Nichols,judson M
Quit Claim Deed
related
—
Feb 19, 2002
$325,000
Judson M Nichols
Nichols,martin E & Sandra L
Grant Deed
related
$325,000 · Martin E & Sandra L Nichols
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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