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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Medical Office Space
1040 Mason Ave Daytona Beach, FL 32117-4612
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0536109
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,388 SF
Lot
1.03 ac (44,800 SF)
Zoning code
BP
APN
4244-01-33-0069
UPID
US18-0536109
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
-
Advantacare of Florida Physician
-
Advantacare of Florida: Dr. Frank Alvarez Medical Clinic
-
Sterling Medical Group - Daytona Alternative Medicine Practice
-
Harry Vassilakis, DC Alternative Medicine Practice
-
ADVANTACARE MULTI-SPECIALTY GROUP, LLC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$970k
Blend (final)
Blend
$880k
Owner & transaction history
Leotta Real Estate Group LLC · 3 yrs held
Leotta Real Estate Group LLC
since 2023
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
BP · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Business Professional (BP) district is to accommodate primarily small-scale office development for business and professional services. It also accommodates small sit-down restaurants and personal service establishments, limited institutional uses, and residential development. Other institutional and open area uses may be allowed as special…
Zone name
Business Professional
General category
CIVIC_INSTITUTIONAL
Zone area
78.66 ac
Source
Realmo
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
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,445,000
Current use
COMMERCIAL (GENERAL)
$1,440,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $800k (Jun 28 2023)
Last sale anchor
$800k
Jun 28 2023
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
$119 / 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
$9,761
Tax year 2023
Assessed value
$621,048
Assessed 2023
Previous assessed
$464,881
+33.6% YoY
Effective rate
1.57%
On assessed value
Assessed land
$224,000
Assessed improvement
$397,048
Land market value
$224,000
Improvement market value
$397,048
Total market value
$621,048
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
8
Total area
7,388 SF
Lot
1.03 ac (44,800 SF)
Zoning code
BP
APN
4244-01-33-0069
UPID
US18-0536109
Jurisdiction
VOLUSIA
Zoning & alternative use
BP · Daytona Beach, FLZoning BP · permitted uses
BP · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Business Professional (BP) district is to accommodate primarily small-scale office development for business and professional services. It also accommodates small sit-down restaurants and personal service establishments, limited institutional uses, and residential development. Other institutional and open area uses may be allowed as special uses or public or semi-public uses.
Zone name
Business Professional
General category
CIVIC_INSTITUTIONAL
Zone area
78.66 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
MEDICAL BUILDING Current
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
8
Lot
1.03 ac
Current owner
From public records · entity-resolved
Leotta Real Estate Group LLC
Entity
Mailing address
9518 CASTLEFORD PT, ORLANDO, FL 32836-5766
Ownership since
2023
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
Jun 28, 2023
$800,000
Leotta Real Estate Group LLC
Mason Avenue LLC
Warranty Deed
$1,012,000 · First Horizon Bank
—
—
John S Carbone
—
Deed Of Trust
related
$200,000 · Suntrust Bank East Central Fl
—
—
Mason Avenue LLC
—
Deed Of Trust
related
$599,000 · Suntrust Bank NA
—
—
Mason Avenue LLC
—
Deed Of Trust
related
$500,000 · Suntrust Bank NA
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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