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Property profile & analytics
OFF-MARKET
Estimated value
$11,115,000
Warehouses
103 Ocean Ave Daytona Beach, FL 32118-4321
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0434489
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
CONCRETE
Total area
61,261 SF
Lot
0.92 ac (40,000 SF)
Zoning code
T1
APN
5304-01-03-0020
UPID
US19-0434489
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
-
Comfort Inn & Suites Daytona Beach Oceanfront Hotel & Motel
-
ATM Atm
-
Jimmy Hart's Hall of Fame Bar and Tiki Deck Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.12M
Owner & transaction history
Mayan Hotel LLC · 11 yrs held
Mayan Hotel LLC
since 2015
6 recorded transactions
Zoning & alternative use
T1 · Daytona 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 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%
$8,210,000
6.5%
$7,580,000
7%
$7,040,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$18,230,000
Current use
AUTO REPAIR, GARAGE
$15,220,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$11.12M
Range $10.00M – $12.23M · ±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
$181 / 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
$101,633
Tax year 2023
Assessed value
$5,167,491
Assessed 2023
Previous assessed
$5,167,491
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$1,800,000
Assessed improvement
$3,367,491
Land market value
$1,800,000
Improvement market value
$3,367,491
Total market value
$5,167,491
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
112
Bathrooms
117
Total area
61,261 SF
Lot
0.92 ac (40,000 SF)
Zoning code
T1
APN
5304-01-03-0020
UPID
US19-0434489
Jurisdiction
VOLUSIA
Zoning & alternative use
T1 · Daytona Beach, FL
Zoning T1 · permitted uses
T1 · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Daytona Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$18.2M
AUTO REPAIR, GARAGE
Est. value
$15.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
1973
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
112
Bathrooms
117
Lot
0.92 ac
Current owner
From public records · entity-resolved
Mayan Hotel LLC
Entity
Mailing address
9919 STEPHEN DECATUR HWY, OCEAN CITY, MD 21842-9367
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
—
Blue Daytona One LLC
—
Deed
related
$12,630,000 · Blue Daytona One Ll
Feb 11, 2015
$6,400,000
Mayan Hotel LLC
Mayan Ocean Waters LLC
Grant Deed
$5,250,000 · Usameribank
Jul 22, 2009
—
Mayan Ocean Waters LLC
Bray & Gillespie LLC Xv
Quit Claim Deed
related
—
Apr 9, 2005
$4,810,000
Bray & Gillespie Xv LLC
Continental Hospitality INC
Grant Deed
—
Apr 9, 2005
—
Bray & Gillespie Xv LLC
Continental Hospitality INC
Quit Claim Deed
related
$5,920,000 · Federal Trust Bank
—
—
Blue Daytona One LLC
—
Loan Modification
related
$12,630,000 · Blue Daytona One Ll
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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