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Property profile & analytics
OFF-MARKET
Estimated value
$4,455,000
Warehouses
500 Volusia Ave Orange City, FL 32763-6502
Individually Owned
21-yr Hold
Free & Clear
Property ID
US18-0206538
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,370 SF
Lot
6.04 ac (263,013 SF)
Zoning code
C2
APN
8011-04-00-0010
UPID
US18-0206538
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
-
Primo Water Refill Big Box & Wholesale Store
-
Kenny's Grocery Grocery & Convenience Store
-
Bitbox Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.22M
Comparable Approach
Comparable
$3.97M
Blend (final)
Blend
$4.46M
Owner & transaction history
U-store-it · 21 yrs held
U-store-it
since 2004
3 recorded transactions
Zoning & alternative use
C2 · Orange City, 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 Orange City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange City 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%
$5,655,000
6.5%
$5,220,000
7%
$4,845,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,125,000
Current use
MEDICAL BUILDING
$6,395,000
Change: -10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,155,000
Change: -14% · Conversion: Moderate
RETAIL STORES
$6,060,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$4.46M
Range $4.01M – $4.90M · ±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
$130 / 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
$58,971
Tax year 2023
Assessed value
$2,831,050
Assessed 2023
Previous assessed
$2,661,938
+6.4% YoY
Effective rate
2.08%
On assessed value
Assessed land
$799,560
Assessed improvement
$2,031,490
Land market value
$799,560
Improvement market value
$2,031,490
Total market value
$2,831,050
Applied tax rate
14.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
9
Stories
1
Bathrooms
2
Total area
34,370 SF
Lot
6.04 ac (263,013 SF)
Zoning code
C2
APN
8011-04-00-0010
UPID
US18-0206538
Jurisdiction
VOLUSIA
Zoning & alternative use
C2 · Orange City, FL
Zoning C2 · permitted uses
C2 · Orange City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orange City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.2M
RETAIL STORES
Est. value
$6.1M
WAREHOUSE, STORAGE Current
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
9
Bathrooms
2
Lot
6.04 ac
Current owner
From public records · entity-resolved
U-store-it
Individual
Free & Clear · 21 yrs held
Mailing address
PO BOX 320099, ALEXANDRIA, VA 22320-4099
Ownership since
2004
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
Apr 7, 2010
—
U-store-it LP
—
Deed Of Trust
related
$450,000,000 · Wachovia Bank NA
Nov 4, 2004
$4,500,000
U-store-it
Mat Portfolio LLC
Grant Deed
—
Mar 4, 1999
$700,000
Blue Springs Self-storage Ltd
Evans,milton E & Marilyn J
Grant Deed
$535,000 · First Community Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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