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Property profile & analytics
OFF-MARKET
Estimated value
$20,610,000
Community centers
985 Harley Strickland Blvd Orange City, FL 32763-7980
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-2027641
Property summary
AI-generated overview
West Volusia Towne Center offers a prime retail opportunity within a vibrant power center totaling 154,477 square feet. This strategically located property enjoys exceptional visibility and accessibility, situated at the northwest corner of Harley Strickland Boulevard and Veterans Memorial Parkway in Volusia County. The center benefits from two traffic signals on Harley Strickland Boulevard, providing convenient ingress and egress, with additional entry points on Veterans Memorial Parkway. Currently, there is one available retail space of 3,216 square feet, within a larger building encompassing 242,710 square feet. The center's location in the commercial heart of Southwest Volusia County serves the growing communities of DeBary, Deland, and Deltona, offering a strong customer base. Its proximity to Interstate 4 ensures easy access for both local and regional customers. The available space presents a unique chance to establish or expand a business in a high-demand area with significant foot traffic and convenient access. A total of 4,716 square feet is currently vacant within the larger building. This property is a multi-tenant retail center.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
161,349 SF
Lot
17.82 ac (776,036 SF)
APN
8023-24-00-0050
UPID
US18-2027641
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
-
TravelOxygenRental.com Medical Supply Store
-
Bath & Body Works (Bike/Boat/Book/etc) Store Cosmetic Store
-
West Volusia Towne Center Shopping Center & Mall
-
Massage Envy Alternative Medicine Practice Spa & Massage Center
-
Elder Assistance Of America Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.17M
Blend (final)
Blend
$20.61M
Owner & transaction history
985 West Volusia LLC · 13 yrs held
985 West Volusia LLC
since 2012
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$33.5M
+15.8%
Medical building
$30.0M
+3.9%
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 Orange City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange City 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
NEIGHBORHOOD: SHOPPING CENTER
$28,890,000
Current use
WAREHOUSE, STORAGE
$33,460,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$30,015,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$28,460,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$20.61M
Range $18.55M – $22.67M · ±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
$128 / 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
$316,644
Tax year 2023
Assessed value
$15,869,141
Assessed 2023
Previous assessed
$14,603,678
+8.7% YoY
Effective rate
2.00%
On assessed value
Assessed land
$3,880,180
Assessed improvement
$11,988,961
Land market value
$3,880,180
Improvement market value
$11,988,961
Total market value
$15,869,141
Applied tax rate
14.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
161,349 SF
Lot
17.82 ac (776,036 SF)
APN
8023-24-00-0050
UPID
US18-2027641
Jurisdiction
VOLUSIA
Zoning & alternative use
Zoning · permitted uses
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$28.9M
WAREHOUSE, STORAGE
Est. value
$33.5M
MEDICAL BUILDING
Est. value
$30.0M
RETAIL STORES
Est. value
$28.5M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
17.82 ac
Current owner
From public records · entity-resolved
985 West Volusia LLC
Entity
Mailing address
126 WHITMAN AVE, STATEN ISLAND, NY 10308-3407
Ownership since
2012
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
Jan 27, 2020
—
985 West Volusia LLC
—
Deed
related
$12,500,000 · Ubs Ag
Aug 22, 2012
$12,000,000
985 West Volusia LLC
985 Harley Strickland Boulevar
Grant Deed
—
Sep 30, 2010
—
985 Harley Strickland Boulevar
West Volusia Towne Centr Coc
Trustees Deed
related
—
—
—
Volusia Towne Centre Lllp West
—
Deed Of Trust
related
$4,260,000 · Wachovia Bank NA
—
—
985 West Volusia LLC
—
Deed Of Trust
related
$12,500,000 · Ubs Ag
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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