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Property profile & analytics
OFF-MARKET
Distribution centers
501 4th Ave Welaka, FL 32193-2023
Individually Owned
3-yr Hold
Free & Clear
Property ID
US18-5178469
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2005
Construction
STEEL FRAME
Total area
6,310 SF
Lot
0.36 ac (15,682 SF)
APN
41-12-26-9200-024.0-001.0
UPID
US18-5178469
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
-
Joest Boats (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Charles William Chapman · 3 yrs held
Charles William Chapman
since 2022
Last sale
$432,500
7 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 Welaka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Welaka 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,383
Tax year 2023
Assessed value
$337,780
Assessed 2023
Previous assessed
$221,490
+52.5% YoY
Effective rate
2.19%
On assessed value
Land market value
$40,460
Improvement market value
$297,320
Total market value
$337,780
Applied tax rate
50.0000
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
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
NONE
Total area
6,310 SF
Lot
0.36 ac (15,682 SF)
APN
41-12-26-9200-024.0-001.0
UPID
US18-5178469
Jurisdiction
PUTNAM
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
2005
Construction
STEEL FRAME
Heating
NONE
Lot
0.36 ac
Current owner
From public records · entity-resolved
Charles William Chapman
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 1125, WELAKA, FL 32193-1125
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
$432,500
Charles William Chapman
Fred W Joest
Warranty Deed
—
Apr 12, 2013
$36,300
Joane Watson-parkin
Speas,marianne
Warranty Deed
—
Apr 1, 2013
$173,500
Fred W Joest
Speas,marianne
Warranty Deed
—
Dec 19, 2007
—
Rond Speas
Speas,linda B
Quit Claim Deed
related
—
Dec 27, 2006
$11,200
Linda B Speas
Speas,rand & Marianne
Quit Claim Deed
related
—
Dec 9, 1998
$59,000
Rand Speas
Sikes,teresa
Grant Deed
$33,000 · Individual
Dec 1, 1997
$22,500
James E Mcneal
Westfall,fern
Grant Deed
—
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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