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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Investment properties
500 Pullman Rd, Edgewater, FL 32132-1465
Entity Owned
Free & Clear
Property ID
US18-4620860
Property summary
AI-generated overview
This exceptional investment opportunity presents a 16,021-square-foot industrial property situated on a 2.3-acre lot in Edgewater, Florida's Parktown Industrial Park. The property, built in 2004, features a single, 100% occupied building with four units, currently housing three tenants. The concrete block and metal structure boasts a highly visible corner lot location on the main entrance, enhanced by a circular driveway providing convenient access for tractor-trailers. Its strategic location between I-95 and US-1 ensures excellent accessibility. The property's current NOI is $140,000, yielding a 6.41% cap rate, while the pro-forma NOI is $193,800, projecting an 8.87% cap rate. The asking price is $2,185,000, translating to $136.38 per square foot and $546,250 per unit. The property is zoned for industrial and manufacturing uses. This is a rare chance to acquire a well-located, income-producing asset with significant upside potential. Units 1 and 2 are currently combined.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,021 SF
Lot
2.25 ac (98,010 SF)
APN
7452-22-0A-0100
UPID
US18-4620860
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
Current use
Occupant on record · Public records
-
Rcm Fabric Products Big Box & Wholesale Store
-
Nautical Threads Furniture & Home Goods
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$960k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Williams Dev Edgewater Bay 10 LLC
Williams Dev Edgewater Bay 10 LLC
since 2025
Last sale
$1.0M
3 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 Edgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edgewater 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
$1,030,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $1.03M (Dec 21 2020)
Last sale anchor
$1.03M
Dec 21 2020
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
$63 / 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
$20,990
Tax year 2023
Assessed value
$1,142,524
Assessed 2023
Previous assessed
$969,119
+17.9% YoY
Effective rate
1.84%
On assessed value
Assessed land
$196,020
Assessed improvement
$946,504
Land market value
$196,020
Improvement market value
$946,504
Total market value
$1,142,524
Applied tax rate
604.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
4
Total area
16,021 SF
Lot
2.25 ac (98,010 SF)
APN
7452-22-0A-0100
UPID
US18-4620860
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
Building & site characteristics
From public records
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
2.25 ac
Current owner
From public records · entity-resolved
Williams Dev Edgewater Bay 10 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
500 PULLMAN RDA, EDGEWATER, FL 32132-1465
Mailing matches property
Yes
Owner-occupied
Yes
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
Aug 1, 2025
$2,100,000
Williams Dev Edgewater Bay 10 LLC
Martins Interstate Properties LLC
Special Warranty Deed
—
Dec 21, 2020
$1,030,000
Martins Interstate Properties LLC
Bk Florida Holdings LLC
Special Warranty Deed
$1,030,000 · Citizens Bank Of Florida
Jun 1, 2017
$920,000
Bk Florida Holdings LLC
Stewart,bradley C
Warranty Deed
$380,000 · Bradley C Stewart
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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