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Property profile & analytics
OFF-MARKET
Estimated value
$100,015,000
Specialty properties
1 Fls Way Dr Ormond Beach, FL 32174-9182
Trust Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-7250590
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,687 SF
Lot
139.59 ac (6,080,540 SF)
Zoning code
MH1
APN
4220-00-00-0240
UPID
US18-7250590
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
-
The Falls At Ormond Beach Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$85.98M
Blend (final)
Blend
$100.02M
Owner & transaction history
Cs1031 Falls At Ormond Bch Trust · 5 yrs held
Cs1031 Falls At Ormond Bch Trust
since 2020
Last sale
$123.0M
4 recorded transactions
Zoning & alternative use
MH1 · Ormond Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Ormond Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ormond 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
$68,090,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$100.02M
Range $90.01M – $110.02M · ±10% · vs last sale $123.00M (Dec 16 2020)
Last sale anchor
$123.00M
Dec 16 2020
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
$9,359 / 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
$597,433
Tax year 2023
Assessed value
$44,089,833
Assessed 2023
Previous assessed
$32,616,342
+35.2% YoY
Effective rate
1.36%
On assessed value
Assessed land
$43,128,000
Assessed improvement
$961,833
Land market value
$43,128,000
Improvement market value
$961,833
Total market value
$44,089,833
Applied tax rate
201.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
10,687 SF
Lot
139.59 ac (6,080,540 SF)
Zoning code
MH1
APN
4220-00-00-0240
UPID
US18-7250590
Jurisdiction
VOLUSIA
Zoning & alternative use
MH1 · Ormond Beach, FLZoning MH1 · permitted uses
MH1 · Ormond Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
139.59 ac
Current owner
From public records · entity-resolved
Cs1031 Falls At Ormond Bch Trust
Trust
Mailing address
1 N LA SALLE ST STE #2100, CHICAGO, IL 60602-3918
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2020
$123,000
Cs1031 Falls At Ormond Bch Trust
Jlw Properties LLC
Grant Deed
—
Jun 26, 2018
—
Jlw Properties LLC
—
Deed
related
$20,000,000 · Branch Bk&tr
Jul 9, 2013
—
Jlw Properties LLC
Jlw Properties
Quit Claim Deed
related
—
—
—
Jlw Properties LLC
—
Deed Of Trust
related
$20,000,000 · Branch Bk&tr
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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