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Property profile & analytics
FOR SALE
Motels
1204 S Ocean Shr Blvd Flagler Beach, FL 32136
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-0095583
For Sale
1 / 89
$1,500,000
1204 S Ocean Shr Blvd, Flagler Beach, FL 32136
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1953
Construction
CONCRETE
Total area
3,835 SF
Lot
0.27 ac (11,805 SF)
Zoning code
TC
APN
12-12-31-4500-00190-0010
UPID
US18-0095583
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Oceanside Cottages LLC · 12 yrs held
Oceanside Cottages LLC
since 2014
3 recorded transactions
Zoning & alternative use
TC · Flagler 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,734
Tax year 2023
Assessed value
$371,000
Assessed 2023
Previous assessed
$330,330
+12.3% YoY
Effective rate
1.82%
On assessed value
Assessed improvement
$371,000
Improvement market value
$371,000
Total market value
$371,000
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
Motels
Use group
MOTEL
Status
For Sale
Year built
1953
Construction
CONCRETE
Heating
NONE
Cooling
WALL UNIT
Stories
1
Units
1
Rooms
11
Total area
3,835 SF
Lot
0.27 ac (11,805 SF)
Zoning code
TC
APN
12-12-31-4500-00190-0010
UPID
US18-0095583
Jurisdiction
FLAGLER
Zoning & alternative use
TC · Flagler Beach, FL
Zoning TC · permitted uses
TC · Flagler Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Flagler Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
11
Lot
0.27 ac
Current owner
From public records · entity-resolved
Oceanside Cottages LLC
Entity
Mailing address
1204 S OCEAN SHR BLVD, FLAGLER BEACH, FL 32136-3703
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2014
$750,000
Oceanside Cottages LLC
Timms,billy
Warranty Deed
$675,000 · Br&k Family LP
Dec 17, 2012
—
Br & K Family LP
Timms,billy
Warranty Deed
—
Aug 15, 2005
$1,000,000
Billy Timms
Harrison Martha H Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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