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Property profile & analytics
FOR SALE
Turn key restaurants
1005 N Ocean Shr Blvd Flagler Beach, FL 32136
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-0424929
No photos on file
For Sale
$1,199,000
1005 N Ocean Shr Blvd, Flagler Beach, FL 32136
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1954
Construction
STEEL FRAME
Total area
1,971 SF
Lot
0.27 ac (11,892 SF)
Zoning code
TC
APN
01-12-31-1100-00040-0040
UPID
US18-0424929
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$844k
Blend (final)
Blend
$1.13M
Owner & transaction history
1005 Oceanshore LLC · 5 yrs held
1005 Oceanshore LLC
since 2020
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
TC · Flagler Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The provisions of this district are to provide for uses to serve tourist needs in the community. The primary uses are intended for commercial uses for lodging, dining establishments, and minor retail establishments which primarily serve tourists and other visitors to the city
Zone name
Tourist Commercial
General category
COMMERCIAL
Zone area
28.90 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.0M
+56.4%
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 Flagler Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flagler 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
$1,300,000
ML approach
$1,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,040,000
Change: +56% · Conversion: Easy
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±10% · vs last sale $1.10M (Dec 22 2020)
Last sale anchor
$1.10M
Dec 22 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
$571 / 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
$12,083
Tax year 2023
Assessed value
$778,517
Assessed 2023
Previous assessed
$550,128
+41.5% YoY
Effective rate
1.55%
On assessed value
Assessed land
$724,924
Assessed improvement
$53,593
Land market value
$724,924
Improvement market value
$53,593
Total market value
$778,517
Applied tax rate
21.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1954
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
1,971 SF
Lot
0.27 ac (11,892 SF)
Zoning code
TC
APN
01-12-31-1100-00040-0040
UPID
US18-0424929
Jurisdiction
FLAGLER
Zoning & alternative use
TC · Flagler Beach, FLZoning TC · permitted uses
TC · Flagler Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The provisions of this district are to provide for uses to serve tourist needs in the community. The primary uses are intended for commercial uses for lodging, dining establishments, and minor retail establishments which primarily serve tourists and other visitors to the city
Zone name
Tourist Commercial
General category
COMMERCIAL
Zone area
28.90 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.0M
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
1954
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
1005 Oceanshore LLC
Entity
Mailing address
58 IS ESTS PKWY, PALM COAST, FL 32137-2202
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2020
$1,100,000
1005 Oceanshore LLC
Rossis Dev Group LLC
Warranty Deed
—
Dec 22, 2020
$450,000
1005 Oceanshore LLC
Rosss Dev Group LLC
Grant Deed
—
Mar 11, 2008
—
Rossis Dev Group LLC
Mammolito,richard
Quit Claim Deed
related
—
Jan 8, 2008
—
Richard Mammolito
Rossis Dev Group LLC
Warranty Deed
related
—
Dec 1, 2006
$1,100,000
Rossi Dev LLC
Robertson,joseph D JR
Warranty Deed
$220,000 · Joseph D JR Robertson
Jul 5, 2006
—
Joseph D Robertson JR.
—
Trustees Deed
related
$150,000 · Michael J & Isadora M Akialis
Feb 5, 2001
$215,000
Steve O'sullivan
Mcbride,thomas & Charlotte
Grant Deed
$170,000 · Thomas & Charlotte
Mar 21, 2000
$2,500
Marianne K Warenfelt
Mcbride,thomas E & Charlotte
Grant Deed
related
—
—
—
Joseph D Robertson JR.
—
Deed Of Trust
related
$360,000 · Robert W Johnsen
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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