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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Grocery and convenience stores
6 Oak St Fellsmere, FL 32948-6137
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0331073
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,976 SF
Lot
0.66 ac (28,750 SF)
Zoning code
C-1
APN
31-37-00-00009-0450-00001.0
UPID
US18-0331073
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
-
Citgo Country Store Gas Station
-
ATM (Country Store) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
Afsheen Investment Property LLC · 4 yrs held
Afsheen Investment Property LLC
since 2022
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
C-1 · Fellsmere, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
NC Neighborhood Commercial RPO, C-1, OTD, PDD GC General Commercial C-1, C-2, RPO, PDD REAC Regional Employment Activity C enter C-1, C-2, REAC, IR, IL, PDD LDR (Density = 1 to 5 units per acre) Low Density Residential RR, SR, EU, R-1, R-1MH, R-1A, R-1AA, R-1B, PDD LDMXN (Density = an average of 3 units/acre) Low Density Mixed Use Neighborhood RR, SR, EU, R-…
Zone name
Neighborhood Commercial Restricted District
General category
COMMERCIAL
Zone area
39.09 ac
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 Fellsmere submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fellsmere 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
$1,620,000
ML approach
$1,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.47M (May 27 2022)
Last sale anchor
$1.47M
May 27 2022
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
$512 / 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
$9,446
Tax year 2023
Assessed value
$380,377
Assessed 2023
Previous assessed
$373,647
+1.8% YoY
Effective rate
2.48%
On assessed value
Assessed land
$36,816
Assessed improvement
$343,561
Land market value
$36,816
Improvement market value
$343,561
Total market value
$380,377
Applied tax rate
4.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
2,976 SF
Lot
0.66 ac (28,750 SF)
Zoning code
C-1
APN
31-37-00-00009-0450-00001.0
UPID
US18-0331073
Jurisdiction
INDIAN RIVER
Zoning & alternative use
C-1 · Fellsmere, FLZoning C-1 · permitted uses
C-1 · Fellsmere, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
NC Neighborhood Commercial RPO, C-1, OTD, PDD GC General Commercial C-1, C-2, RPO, PDD REAC Regional Employment Activity C enter C-1, C-2, REAC, IR, IL, PDD LDR (Density = 1 to 5 units per acre) Low Density Residential RR, SR, EU, R-1, R-1MH, R-1A, R-1AA, R-1B, PDD LDMXN (Density = an average of 3 units/acre) Low Density Mixed Use Neighborhood RR, SR, EU, R-1A, R-1AA, R-1B, PDD, RPO, C-1 MDR (Density =3 to 7 units/acre) Medium Density Residential R-1A, R-1B, R-2, R-3, PDD HDR (Density =5 to 8 units/acre) High Density Residential R-2, R-3, PDD IND Industrial I, IR, IL, PDD R Recreation ROS PIN Public Lands and Institutions PIN CON 3 Conservation All Districts 1 Use restrictions, minimum lot size, and other requirements are found in each district 2 PDD's are subject to the size, use and restrictions found within the PDD district 3 Conservation is not intended to be mapped as a district, but as a limitation on the use of lands within a particular district 06 MAR 07 _ WWD/dmm
Zone name
Neighborhood Commercial Restricted District
General category
COMMERCIAL
Zone area
39.09 ac
Building & site characteristics
From public records
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
2
Lot
0.66 ac
Current owner
From public records · entity-resolved
Afsheen Investment Property LLC
Entity
Mailing address
1149 SE 40TH AVE, OKEECHOBEE, FL 34974-3804
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
$1,470,000
Afsheen Investment Property LLC
Santosh International INC
Warranty Deed
$441,000 · Santosh International INC
Oct 19, 2016
—
Santosh International INC
—
Deed
related
$379,262 · Regions Bk
Oct 6, 2003
$550,000
Santosh International INC
Sweni International INC
Grant Deed
$705,000 · Indian River National Bank
—
—
Santosh International INC
—
Deed Of Trust
related
$650,000 · Regions Bk/fayette
—
—
Santosh International INC
—
Loan Modification
related
$379,262 · Regions Bk
—
—
Santosh International INC
—
Deed Of Trust
related
$150,000 · Indian River National 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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