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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Warehouses
1025 Nova Rd Ormond Beach, FL 32174-9051
Entity Owned
23-yr Hold
Absentee Owner
Free & Clear
Property ID
US19-0843816
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,000 SF
Lot
1.8 ac (78,400 SF)
Zoning code
B4
APN
4242-04-20-0130
UPID
US19-0843816
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
-
Quality Services & Restoration LLC Carpet Cleaning Service
-
PURCOR Pest Solutions Garden Center
-
Steam Spas, Inc Big Box & Wholesale Store
-
Smith Lawncare Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$1.62M
Owner & transaction history
1025 South Nova Road LLC · 23 yrs held
1025 South Nova Road LLC
since 2003
3 recorded transactions
Zoning & alternative use
B4 · Ormond Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.6M
+111.8%
Auto repair, garage
$2.5M
+102.5%
Neighborhood: shopping center
$1.8M
+45.9%
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 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%
$1,340,000
6.5%
$1,235,000
7%
$1,150,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,225,000
Current use
MEDICAL BUILDING
$2,600,000
Change: +112% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,485,000
Change: +102% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,790,000
Change: +46% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,665,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$1,580,000
Change: +29% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,295,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±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
$162 / 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
$22,668
Tax year 2023
Assessed value
$1,409,663
Assessed 2023
Previous assessed
$1,284,383
+9.8% YoY
Effective rate
1.61%
On assessed value
Assessed land
$235,200
Assessed improvement
$1,174,463
Land market value
$235,200
Improvement market value
$1,174,463
Total market value
$1,409,663
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Bathrooms
14
Total area
10,000 SF
Lot
1.8 ac (78,400 SF)
Zoning code
B4
APN
4242-04-20-0130
UPID
US19-0843816
Jurisdiction
VOLUSIA
Zoning & alternative use
B4 · Ormond Beach, FL
Zoning B4 · permitted uses
B4 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
14
Lot
1.8 ac
Current owner
From public records · entity-resolved
1025 South Nova Road LLC
Entity
Free & Clear · 23 yrs held
Mailing address
9 TOMOKA VW DR, ORMOND BEACH, FL 32174-3851
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Jul 3, 2003
—
1025 South Nova Road LLC
Hendrix,randall L & Zoe A
Grant Deed
related
—
Mar 17, 2003
$276,000
Randall L Hendrix
Ratra,mathra S
Grant Deed
—
—
—
1025 South Nova Road LLC
—
Deed Of Trust
related
$800,000 · Colonial 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.
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