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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Investment properties
838 New York Ave Deland, FL 32724-5662
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-8705721
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,400 SF
Lot
0.46 ac (19,825 SF)
Zoning code
C1
APN
7015-02-00-0010
UPID
US18-8705721
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
-
Lane Insurance Insurance Agency
-
Lane-Lennon Commercial Insurance Insurance Agency
-
Lane Financial Strategies Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$455k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Katherine Jean Russell · 1 yrs held
Katherine Jean Russell
since 2024
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
C1 · Deland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$595,000
+59.1%
Medical building
$445,000
+19.1%
Warehouse, storage
$445,000
+18.5%
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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$495,000
6.5%
$455,000
7%
$425,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$595,000
Change: +59% · Conversion: Difficult
MEDICAL BUILDING
$445,000
Change: +19% · Conversion: Easy
WAREHOUSE, STORAGE
$445,000
Change: +19% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$430,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Sep 5 2024)
Last sale anchor
$700k
Sep 5 2024
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
$292 / 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
$3,321
Tax year 2023
Assessed value
$177,084
Assessed 2023
Previous assessed
$177,084
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$53,528
Assessed improvement
$123,556
Land market value
$53,528
Improvement market value
$123,556
Total market value
$177,084
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
4
Total area
2,400 SF
Lot
0.46 ac (19,825 SF)
Zoning code
C1
APN
7015-02-00-0010
UPID
US18-8705721
Jurisdiction
VOLUSIA
Zoning & alternative use
C1 · Deland, FL
Zoning C1 · permitted uses
C1 · Deland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Deland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$595,000
MEDICAL BUILDING
Est. value
$445,000
WAREHOUSE, STORAGE
Est. value
$445,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$430,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.46 ac
Current owner
From public records · entity-resolved
Katherine Jean Russell
Individual
Mailing address
2390 SOUTHERN PNES PL, DELAND, FL 32724-7915
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
—
Katherine Jean Russell
Katherine Jean Russell
Intrafamily Transfer
related
—
Jul 3, 2024
$700,000
Katherine Jean Russell
Joseph B Lane
Warranty Deed
—
Jan 17, 2017
—
Lane,joseph B Trust
Lane,joseph B
Quit Claim Deed
related
—
Jul 2, 2010
$11,200
Lane Joseph B Trust
Horan,elizabeth L
Quit Claim Deed
related
—
Jul 18, 2005
—
Lane Joseph B Trust
Lane,joseph B
Quit Claim Deed
related
—
—
—
Jospeh B Lane Partnership
—
Deed Of Trust
related
$122,000 · First Community Bank
—
—
Joseph B Lane
—
Deed Of Trust
related
$203,000 · First Community Bank
—
—
Lane Joseph B Trust
—
Deed Of Trust
related
$276,000 · Space Coast Cu
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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