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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Retail space
745 Spg Gdn Ave Deland, FL 32720-3142
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-6173387
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
WOOD
Total area
9,272 SF
Lot
1.64 ac (71,487 SF)
Zoning code
C2
APN
7008-00-00-0032
UPID
US18-6173387
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
-
KeyMe Locksmiths Locksmith
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.44M
Owner & transaction history
Exchangeright Net Leased Portfolio 22 LLC · 8 yrs held
Exchangeright Net Leased Portfolio 22 LLC
since 2018
7 recorded transactions
Zoning & alternative use
C2 · Deland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+71.4%
Restaurant
$2.2M
+60.2%
Commercial (general)
$1.8M
+35.1%
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 Deland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Deland 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%
$1,455,000
6.5%
$1,345,000
7%
$1,250,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,345,000
Current use
AUTO REPAIR, GARAGE
$2,305,000
Change: +71% · Conversion: Difficult
RESTAURANT
$2,155,000
Change: +60% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,815,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$1,725,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,660,000
Change: +24% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,655,000
Change: +23% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,340,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±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
$155 / 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
$20,548
Tax year 2023
Assessed value
$1,095,731
Assessed 2023
Previous assessed
$1,002,581
+9.3% YoY
Effective rate
1.88%
On assessed value
Assessed land
$285,948
Assessed improvement
$809,783
Land market value
$285,948
Improvement market value
$809,783
Total market value
$1,095,731
Applied tax rate
12.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
9,272 SF
Lot
1.64 ac (71,487 SF)
Zoning code
C2
APN
7008-00-00-0032
UPID
US18-6173387
Jurisdiction
VOLUSIA
Zoning & alternative use
C2 · Deland, FLZoning C2 · permitted uses
C2 · Deland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RESTAURANT
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
2012
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Portfolio 22 LLC
Entity
Mailing address
PO BOX 60308, PASADENA, CA 91116-6308
Ownership since
2018
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
Jun 21, 2018
—
Exchangeright Net Leased Portfolio 22 LLC
Exchangeright Net Leased Portfolio 22 LLC
Quit Claim Deed
$43,521,600 · Bank Of America
Jun 21, 2018
$1,915,000
Exchange Right Net Leased Portfolio
Gelo Florida Investments LLC
Special Warranty Deed
$43,521,600 · Bank Of America NA
Nov 19, 2012
—
Gelo Florida Investments LLC
Millennium Venture Group INC
Grant Deed
related
—
Oct 15, 2012
$1,644,000
Gelo Florida Investments LLC
Millennium Venture Group INC
Warranty Deed
—
Apr 12, 2012
—
Robert Kellogg
Perkins,jerry L
Quit Claim Deed
related
—
Apr 12, 2012
$80,000
Millennium Venture Group INC
Larosa,terrence W
Warranty Deed
—
Apr 12, 2012
$320,000
Millennium Venture Group INC
Baumgartner,roger B & Juliana J
Warranty 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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