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Property profile & analytics
OFF-MARKET
Estimated value
$2,145,000
Medical Office Space
1913 Clyde Morris Blvd 3 Daytona Beach, FL 32117-5519
Entity Owned
7-yr Hold
Absentee Owner
Property ID
US18-2863212
Property summary
AI-generated overview
This exceptional single-story, 10,515 square foot commercial building, constructed in 2022, presents a unique opportunity in Volusia County, Florida. Ideally situated between Ormond Beach and Daytona Beach's LPGA Boulevard, this property boasts a prime location amidst significant commercial growth. The building features one suite, currently offering three available spaces ranging from 1,044 to 1,485 square feet, with the potential to combine for a total exceeding 3,650 square feet. Approximately 6,000 square feet are already leased to a modern dental practice, establishing a strong tenant base. The property sits on a 0.39-acre lot and offers ample space for various business needs. The building's modern design and convenient location make it an attractive option for businesses seeking a high-quality, easily accessible workspace. With 3,646 square feet currently vacant, this presents a rare chance to establish a presence in a thriving area. The property's APN is 4232-03-00-0030. Don't miss this chance to secure your ideal office space in this brand-new, strategically located building.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,532 SF
Lot
0.39 ac (16,988 SF)
APN
4232-03-00-0030
UPID
US18-2863212
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
-
Dr. Gladston Silva Dental Office
-
Lakeside Daytona Dentist Dental Office
-
Brave Store Pro Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.36M
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$2.15M
Owner & transaction history
Gms Silva Properties LLC · 7 yrs held
Gms Silva Properties LLC
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.6M
+27.0%
Restaurant
$2.3M
+9.7%
Neighborhood: shopping center
$2.2M
+8.5%
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 Daytona Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daytona Beach 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%
$2,555,000
6.5%
$2,355,000
7%
$2,190,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,060,000
Current use
AUTO REPAIR, GARAGE
$2,615,000
Change: +27% · Conversion: Difficult
RESTAURANT
$2,260,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,235,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,055,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$2.15M
Range $2.21M – $2.44M
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
$204 / 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
$30,333
Tax year 2023
Assessed value
$1,691,930
Assessed 2023
Previous assessed
$1,588,101
+6.5% YoY
Effective rate
1.79%
On assessed value
Assessed land
$645,544
Assessed improvement
$1,046,386
Land market value
$645,544
Improvement market value
$1,046,386
Total market value
$1,691,930
Applied tax rate
204.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Total area
10,532 SF
Lot
0.39 ac (16,988 SF)
APN
4232-03-00-0030
UPID
US18-2863212
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
MEDICAL BUILDING Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RESTAURANT
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Lot
0.39 ac
Current owner
From public records · entity-resolved
Gms Silva Properties LLC
Entity
Mailing address
1216 REGENTS ST, ORMOND BEACH, FL 32174-0690
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2020
—
Gms Silva Properties LLC
—
Deed Of Trust
related
$1,320,000 · Pnc Bk
Apr 29, 2019
$762,500
Gms Silva Properties LLC
Midway Developing Company LLC
Warranty Deed
$495,625 · Centerstate Bank Of Florida NA
—
—
Midway Developing Co LLC
—
Deed Of Trust
related
$393,750 · Suntrust Bank NA
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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