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Property profile & analytics
FOR LEASE
Warehouses
1220 Hand Ave Ormond Beach, FL 32174
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0373762
For Lease
1 / 16
$4,700,000
1220 Hand Ave, Ormond Beach, FL 32174
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,500 SF
Lot
5.67 ac (246,985 SF)
APN
4242-03-04-0170
UPID
US18-0373762
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
-
Beauté by Sharone Hair Salon Nail Salon
-
Volusia Commissary Kitchen Take-out & Catering
-
Jane's Grooming Pet Grooming Service
-
Kim's Grooming Pet Grooming Service
-
GigaBites Virtual Kitchens Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.70M
Owner & transaction history
Thoroughbred Classics LLC · 3 yrs held
Thoroughbred Classics LLC
since 2022
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
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
$4,655,000
ML approach
$4,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.70M
Range $4.23M – $5.17M · ±10% · vs last sale $6.25M (Nov 29 2022)
Last sale anchor
$6.25M
Nov 29 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
$627 / 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
$95,059
Tax year 2023
Assessed value
$4,788,089
Assessed 2023
Previous assessed
$4,788,089
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$1,049,686
Assessed improvement
$3,738,403
Land market value
$1,049,686
Improvement market value
$3,738,403
Total market value
$4,788,089
Applied tax rate
200.0000
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
For Lease
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
6
Stories
1
Bathrooms
18
Total area
7,500 SF
Lot
5.67 ac (246,985 SF)
APN
4242-03-04-0170
UPID
US18-0373762
Jurisdiction
VOLUSIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Bathrooms
18
Lot
5.67 ac
Current owner
From public records · entity-resolved
Thoroughbred Classics LLC
Entity
Mailing address
2665 N ATLANTIC AVE #212, DAYTONA BEACH, FL 32118-3205
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Nov 29, 2022
$6,250,000
Thoroughbred Classics LLC
Two Deland Plaza LLC
Warranty Deed
$3,000,000 · Two Deland Plaza LLC
May 20, 2021
—
Two Deland Plaza LLC
—
Deed
related
$2,000,000 · Michael Munier
Dec 23, 2011
$1,312,500
Two Deland Plaza LLC
Wells Fargo Bk 2007-hq11
Grant Deed
$984,375 · Floridian Bank
Aug 31, 2011
$100
Wells Fargo Bank NA 2007-hq11
Ormond Busn Center LLC Coc
Trustees Deed
related
—
Oct 10, 2006
$5,500,000
Ormond Business Center LLC
Bruce Eckstein Of Delaware INC
Warranty Deed
$4,500,000 · Morgan Stanley Mortgage Capital INC
Sep 24, 2003
$674,200
Bruce Eckstein Of Delaware INC
Mdss INC
Grant Deed
$575,000 · Southern Community Bank
—
—
Bruce Eckstein Of Delaware INC
—
Deed Of Trust
related
$300,000 · Fifth Third Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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