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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Grocery and convenience stores
5605 Wickham Rd Palm Shores, FL 32940-7347
Trust Owned
Absentee Owner
Free & Clear
Property ID
US18-6756450
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2016
Construction
WOOD
Total area
6,136 SF
Lot
2.99 ac (130,244 SF)
Zoning code
C2
APN
26-37-19-00-00511.0-0000.00
UPID
US18-6756450
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
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.83M
Owner & transaction history
The Sandler Heritage Trust
The Sandler Heritage Trust
since 2025
5 recorded transactions
Zoning & alternative use
C2 · Palm Shores, 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 Palm Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Shores 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$2,595,000
Current use
RESTAURANT
$2,345,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±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
$297 / 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
$36,548
Tax year 2023
Assessed value
$2,383,230
Assessed 2023
Previous assessed
$2,175,020
+9.6% YoY
Effective rate
1.53%
On assessed value
Assessed land
$1,171,800
Assessed improvement
$1,211,430
Land market value
$1,171,800
Improvement market value
$1,211,430
Total market value
$2,383,230
Applied tax rate
43.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
2016
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,136 SF
Lot
2.99 ac (130,244 SF)
Zoning code
C2
APN
26-37-19-00-00511.0-0000.00
UPID
US18-6756450
Jurisdiction
BREVARD
Zoning & alternative use
C2 · Palm Shores, FL
Zoning C2 · permitted uses
C2 · Palm Shores, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Shores. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE STATION (FULL SERVICE) Current
Est. value
$2.6M
RESTAURANT
Est. value
$2.3M
SERVICE STATION (FULL SERVICE) Current
RESTAURANT
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
2016
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.99 ac
Current owner
From public records · entity-resolved
The Sandler Heritage Trust
Trust
Free & Clear · 0 yrs held
Mailing address
13720 OLD SAINT AUGUSTINE RD #8165, JACKSONVILLE, FL 32258-7414
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2025
—
The Sandler Heritage Trust
Jeffrey M Sandler
Deed
related
—
Aug 23, 2019
$100
Mjb Petrol LLC
Bouquet,marcia
Warranty Deed
related
—
Jun 28, 2016
$4,255,400
John Bouquet
Pinewick Partners LLC
Warranty Deed
—
Jun 29, 2015
$1,230,000
Pinewick Partners LLC
Karol Carol L
Grant Deed
$2,250,000 · Seacoast Nat'l Bk
Jul 19, 2013
—
John R Karol
Karol,john R
Quit Claim Deed
related
—
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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