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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Auto shops
1178 Nova Rd Ormond Beach, FL 32174-7339
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4968426
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2000
Construction
WOOD
Total area
8,174 SF
Lot
0.51 ac (22,400 SF)
Zoning code
I1
APN
4242-04-21-0214
UPID
US18-4968426
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
-
Tire Outlet (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$630k
Blend (final)
Blend
$500k
Owner & transaction history
Bwt Property Management INC · 4 yrs held
Bwt Property Management INC
since 2022
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
I1 · Ormond 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 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
$410,000
ML approach
$365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $550k (Mar 21 2022)
Last sale anchor
$550k
Mar 21 2022
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
$61 / 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
$12,700
Tax year 2023
Assessed value
$657,152
Assessed 2023
Previous assessed
$600,343
+9.5% YoY
Effective rate
1.93%
On assessed value
Assessed land
$89,600
Assessed improvement
$567,552
Land market value
$89,600
Improvement market value
$567,552
Total market value
$657,152
Applied tax rate
203.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
3
Total area
8,174 SF
Lot
0.51 ac (22,400 SF)
Zoning code
I1
APN
4242-04-21-0214
UPID
US18-4968426
Jurisdiction
VOLUSIA
Zoning & alternative use
I1 · Ormond Beach, FL
Zoning I1 · permitted uses
I1 · 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.
Building & site characteristics
From public records
Year built
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.51 ac
Current owner
From public records · entity-resolved
Bwt Property Management INC
Entity
Mailing address
1302-B EASTPORT RD, JACKSONVILLE, FL 32218-2218
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2022
$550,000
Bwt Property Management INC
Jdl Fl Property LLC
Special Warranty Deed
$550,000 · Vast Bank NA
Jan 10, 2017
$550,000
Jdl Fl Property LLC
Malkit S Salh
Warranty Deed
$450,000 · Seacoast National Bank
May 11, 2015
—
Malkit S Salh
Salh Malkit S & Kulbir K
Quit Claim Deed
related
—
Sep 10, 2012
$220,000
Florida Cmnty Bk
Salh,malkit & Kulbir K
Grant Deed
related
—
Jul 12, 2006
—
Malkit Salh
Salh,malkit S
Quit Claim Deed
related
—
—
—
Malkit Salh
—
Deed Of Trust
related
$220,000 · Florida Community Bank
—
—
Malkit S Salh
—
Deed Of Trust
related
$70,000 · Harbor Fsb
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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