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Property profile & analytics
OFF-MARKET
Estimated value
$2,930,000
Office buildings
108 12th St Flagler Beach, FL 32136-3748
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4086642
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,672 SF
Lot
0.12 ac (5,053 SF)
Zoning code
GC
APN
12-12-31-4500-00180-0080
UPID
US18-4086642
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
$2.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$2.93M
Owner & transaction history
Golden Magnolia Marine INC · 5 yrs held
Golden Magnolia Marine INC
since 2021
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
GC · Flagler Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The provisions of this district are intended to serve the general commercial needs of the city, wherein a large variety of retail, commercial, governmental, financial, professional office services and other general commercial are permitted
Zone name
General Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
78.61 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 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
$2,835,000
ML approach
$2,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.93M
Range $2.64M – $3.22M · ±10% · vs last sale $3.30M (Apr 20 2021)
Last sale anchor
$3.30M
Apr 20 2021
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
$1,752 / 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
$2,887
Tax year 2023
Assessed value
$146,400
Assessed 2023
Previous assessed
$146,400
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$64,235
Assessed improvement
$82,165
Land market value
$64,235
Improvement market value
$82,165
Total market value
$146,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
1,672 SF
Lot
0.12 ac (5,053 SF)
Zoning code
GC
APN
12-12-31-4500-00180-0080
UPID
US18-4086642
Jurisdiction
FLAGLER
Zoning & alternative use
GC · Flagler Beach, FLZoning GC · permitted uses
GC · 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 intended to serve the general commercial needs of the city, wherein a large variety of retail, commercial, governmental, financial, professional office services and other general commercial are permitted
Zone name
General Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
78.61 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Golden Magnolia Marine INC
Entity
Mailing address
1272 PALM COAST PKWY SW, PALM COAST, FL 32137-4700
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
—
Golden Magnolia Marine INC
—
Deed
related
$100,000 · Alena Allan
Dec 10, 2021
—
Golden Magnolia Marine INC
—
Deed
related
$150,000 · Fred Rebarber
Apr 20, 2021
$3,300,000
Golden Magnolia Marine INC
Mr & Mrs H Enterprises INC
Warranty Deed
$2,689,000 · Ithink Financial Cu
May 29, 2015
$1,900,000
Mr & Mrs H Enterprises INC
Robert R Iaccarino
Warranty Deed
$950,000 · Intracoastal Bank
Sep 1, 2006
—
Robert R Iaccarino
Iaccarino,robert R & Karen
Quit Claim Deed
related
—
Dec 5, 2000
$150,000
Robert R Iaccarino
Harrison,george A & Marilyn R
Grant Deed
$260,000 · First Coast Community Bank
—
—
George A Harrison
—
Deed Of Trust
related
$65,000 · Option One Mortgage Corp
—
—
Robert R Iaccarino
—
Deed Of Trust
related
$177,819 · First Coast Community Bank
—
—
Mr & Mrs H Ents INC
—
Deed Of Trust
related
$950,000 · Intracoastal Bk
—
—
George A Harrison
—
Deed Of Trust
related
$55,700 · Bank Of America
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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