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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Warehouses
1180 Dixie Fwy New Smyrna Beach, FL 32168-6051
Entity Owned
8-yr Hold
Free & Clear
Property ID
US19-0324047
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
WOOD
Total area
9,000 SF
Lot
1.22 ac (53,070 SF)
Zoning code
B3
APN
7438-06-00-0070
UPID
US19-0324047
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
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.22M
Owner & transaction history
Due East Plaza LLC · 8 yrs held
Due East Plaza LLC
since 2018
7 recorded transactions
Zoning & alternative use
B3 · New Smyrna Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+7.8%
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 New Smyrna Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Smyrna 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%
$1,205,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,865,000
Current use
RETAIL STORES
$2,010,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$1,675,000
Change: -10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,610,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$136 / 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
$15,791
Tax year 2023
Assessed value
$689,014
Assessed 2023
Previous assessed
$630,473
+9.3% YoY
Effective rate
2.29%
On assessed value
Assessed land
$413,946
Assessed improvement
$275,068
Land market value
$413,946
Improvement market value
$275,068
Total market value
$689,014
Applied tax rate
601.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
9,000 SF
Lot
1.22 ac (53,070 SF)
Zoning code
B3
APN
7438-06-00-0070
UPID
US19-0324047
Jurisdiction
VOLUSIA
Zoning & alternative use
B3 · New Smyrna Beach, FL
Zoning B3 · permitted uses
B3 · New Smyrna Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Smyrna Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.9M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.22 ac
Current owner
From public records · entity-resolved
Due East Plaza LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1180 N DIXIE FWY, NEW SMYRNA BEACH, FL 32168-6051
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Apr 18, 2018
$600,000
Due East Plaza LLC
Vandergrifft,james L & Pamela D
Warranty Deed
—
Feb 1, 2018
—
L Dougherty Investments LLC
Dougherty,laura L
Quit Claim Deed
related
—
Dec 5, 2017
$510,000
James L Vandergrifft
Cathy S Truett Trust
Grant Deed
$505,000 · Cathy S Truett Trust (pt)
Dec 8, 2006
—
Cathy S Truett Trust
Cathy,s Truett
Quit Claim Deed
related
—
Nov 1, 2006
—
Cathy S Truett
Cathy S Truett Trust
Quit Claim Deed
related
—
Sep 12, 2006
—
Cathy S Truett Trust
Cathy,s Truett
Quit Claim Deed
related
—
Dec 17, 2004
$1,025,000
S T Cathy
Smith,james W SR
Warranty Deed
—
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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