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Property profile & analytics
FOR LEASE
Investment properties
1010 Ocean Shore Blvd Ormond Beach, FL 32176
Individually Owned
23-yr Hold
~
Est. High Equity
Property ID
US19-0390897
For Lease
1 / 29
$2,900/Mo
1010 Ocean Shore Blvd, Ormond Beach, FL 32176
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,533 SF
Lot
1.98 ac (86,100 SF)
Zoning code
B5
APN
4203-31-00-0001
UPID
US19-0390897
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
-
McClain Insurance Agency Insurance Agency
-
VyStar Credit Union ATM Atm
-
Tames Family Practice Medical Clinic
-
Nice Unused Building Museum
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$476k
Blend (final)
Blend
$580k
Owner & transaction history
Candia South Branch Brook Hold · 23 yrs held
Candia South Branch Brook Hold
since 2003
3 recorded transactions
Zoning & alternative use
B5 · Ormond Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$810,000
+19.8%
Neighborhood: shopping center
$810,000
+19.7%
Retail stores
$710,000
+5.0%
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
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
COMMERCIAL (GENERAL)
$680,000
Current use
MEDICAL BUILDING
$810,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$810,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$710,000
Change: +5% · Conversion: Easy
WAREHOUSE, STORAGE
$555,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$7,946
Tax year 2023
Assessed value
$486,637
Assessed 2023
Previous assessed
$469,451
+3.7% YoY
Effective rate
1.63%
On assessed value
Assessed land
$454,608
Assessed improvement
$32,029
Land market value
$454,608
Improvement market value
$32,029
Total market value
$486,637
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
4
Total area
4,533 SF
Lot
1.98 ac (86,100 SF)
Zoning code
B5
APN
4203-31-00-0001
UPID
US19-0390897
Jurisdiction
VOLUSIA
Zoning & alternative use
B5 · Ormond Beach, FL
Zoning B5 · permitted uses
B5 · Ormond Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ormond Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$680,000
MEDICAL BUILDING
Est. value
$810,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$810,000
RETAIL STORES
Est. value
$710,000
WAREHOUSE, STORAGE
Est. value
$555,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.98 ac
Current owner
From public records · entity-resolved
Candia South Branch Brook Hold
Individual
Mailing address
PO BOX 410, CANDIA, NH 03034-0410
Ownership since
2003
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
May 29, 2003
$545,000
Candia South Branch Brook Hold
Laurel Park Development INC
Grant Deed
$400,000 · Regions Bank
Nov 30, 2001
$376,600
Laurel Park Development INC
Suntrust Bank NA
Grant Deed
$282,450 · Regions Bank
—
—
Laurel Park Development INC
—
Deed Of Trust
related
$100,000 · Regions Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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