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Property profile & analytics
FOR LEASE
Community centers
1112 W Granada Blvd, Ormond Beach, FL 32174
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5531313
For Lease
1 / 26
$21 SF/Yr
1112 W Granada Blvd, Ormond Beach, FL 32174
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,600 SF
Lot
3.22 ac (140,410 SF)
Zoning code
B3
APN
4220-21-00-00C0
UPID
US18-5531313
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
-
Clean Eatz Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.86M
CAP Approach
CAP
$3.41M
Comparable Approach
Comparable
$4.46M
Blend (final)
Blend
$3.90M
Owner & transaction history
Swnc South Forty LLC · 4 yrs held
Swnc South Forty LLC
since 2021
Last sale
$4.8M
2 recorded transactions
Zoning & alternative use
B3 · Ormond Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.8M
+45.1%
Auto repair, garage
$3.6M
+38.8%
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
$2,970,000
ML approach
$2,860,000
CAP Approach
CAP Return
Estimation
6%
$3,695,000
6.5%
$3,410,000
7%
$3,165,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,615,000
Current use
MEDICAL BUILDING
$3,795,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,630,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,430,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$3.90M
Range $3.51M – $4.28M · ±10% · vs last sale $4.84M (Oct 13 2021)
Last sale anchor
$4.84M
Oct 13 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
$267 / 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
$52,805
Tax year 2023
Assessed value
$3,233,817
Assessed 2023
Previous assessed
$2,998,339
+7.9% YoY
Effective rate
1.63%
On assessed value
Assessed land
$758,214
Assessed improvement
$2,475,603
Land market value
$758,214
Improvement market value
$2,475,603
Total market value
$3,233,817
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
15
Total area
14,600 SF
Lot
3.22 ac (140,410 SF)
Zoning code
B3
APN
4220-21-00-00C0
UPID
US18-5531313
Jurisdiction
VOLUSIA
Zoning & alternative use
B3 · Ormond Beach, FL
Zoning B3 · permitted uses
B3 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
15
Lot
3.22 ac
Current owner
From public records · entity-resolved
Swnc South Forty LLC
Entity
Mailing address
1616 2ND AVE S STE #100, BIRMINGHAM, AL 35233-1713
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2021
$4,840,000
Swnc South Forty LLC
Shah Industries INC
Warranty Deed
$3,430,000 · Vast Bank NA
—
—
Shah Industries INC
—
Deed Of Trust
related
$3,416,000 · Reunion Bk/fl
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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