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Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Retail properties & Spaces
118 Fairview Ave Daytona Beach, FL 32114-2220
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4665122
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,289 SF
Lot
0.66 ac (28,920 SF)
Zoning code
M1
APN
5338-18-05-0010
UPID
US18-4665122
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
-
Vasilaros & Wagner the Lawyer Dude Law Firm
-
Triumph Motorcycles of Daytona Motorcycle Shop Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.67M
Owner & transaction history
Jw Beach LLC · 2 yrs held
Jw Beach LLC
since 2024
6 recorded transactions
Zoning & alternative use
M1 · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+76.5%
Neighborhood: shopping center
$2.6M
+74.5%
Medical building
$2.4M
+60.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$1,495,000
Current use
RESTAURANT
$2,635,000
Change: +76% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,605,000
Change: +74% · Conversion: Difficult
MEDICAL BUILDING
$2,405,000
Change: +61% · Conversion: Difficult
RETAIL STORES
$1,820,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,550,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±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
$135 / 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
$13,860
Tax year 2023
Assessed value
$804,044
Assessed 2023
Previous assessed
$715,022
+12.5% YoY
Effective rate
1.72%
On assessed value
Assessed land
$195,210
Assessed improvement
$608,834
Land market value
$195,210
Improvement market value
$608,834
Total market value
$804,044
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
3
Total area
12,289 SF
Lot
0.66 ac (28,920 SF)
Zoning code
M1
APN
5338-18-05-0010
UPID
US18-4665122
Jurisdiction
VOLUSIA
Zoning & alternative use
M1 · Daytona Beach, FL
Zoning M1 · permitted uses
M1 · 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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.66 ac
Current owner
From public records · entity-resolved
Jw Beach LLC
Entity
Mailing address
8509 GUNN HWY, ODESSA, FL 33556-3207
Ownership since
2024
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
Apr 22, 2024
$1,100,000
Jw Beach LLC
Daytona Motorcycle Property LLC
Warranty Deed
$1,100,000 · Surety Bank
Dec 1, 2021
—
The Sprague Ticu Family Trust
—
Deed
related
$316,260 · Larry L Galantis Trust
Dec 14, 2017
$1,000,000
Daytona Motorcycle Prop LLC
Wp Ents Downtown LLC
Trustees Deed
$2,920,000 · Usameribank
May 26, 2015
$735,000
Wp Ents Downtown LLC
Wp Ents Of Palm Beach LLC
Grant Deed
related
$624,750 · Suntrust Bk
Jun 28, 2004
—
Wp Ents Of Palm Beach LLC
Perretti,william
Grant Deed
$1,040,000 · Bmw Financial Services NA LLC
Apr 5, 2002
—
West Main LLC
Antonich,gregory M
Quit Claim Deed
related
$225,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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