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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Manufacturing properties
1385 Us Hwy 1st 1 Ormond Beach, FL 32174-8702
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0123757
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1990
Construction
WOOD
Total area
5,590 SF
Lot
5 ac (217,803 SF)
Zoning code
I1
APN
3136-01-55-0010
UPID
US18-0123757
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
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.02M
Owner & transaction history
Michele P Connors · 3 yrs held
Michele P Connors
since 2022
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
I1 · Ormond Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+100.4%
Auto repair, garage
$1.4M
+91.6%
Neighborhood: shopping center
$1.0M
+38.1%
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
$1,005,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$725,000
Current use
MEDICAL BUILDING
$1,450,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,390,000
Change: +92% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,000,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$930,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$885,000
Change: +22% · Conversion: Moderate
WAREHOUSE, STORAGE
$685,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $1.35M (Jul 21 2022)
Last sale anchor
$1.35M
Jul 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
$182 / 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
$22,084
Tax year 2023
Assessed value
$1,131,345
Assessed 2023
Previous assessed
$1,056,858
+7.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$544,508
Assessed improvement
$586,837
Land market value
$544,508
Improvement market value
$586,837
Total market value
$1,131,345
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
4
Total area
5,590 SF
Lot
5 ac (217,803 SF)
Zoning code
I1
APN
3136-01-55-0010
UPID
US18-0123757
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$725,000
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$930,000
RETAIL STORES
Est. value
$885,000
WAREHOUSE, STORAGE
Est. value
$685,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1990
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
5 ac
Current owner
From public records · entity-resolved
Michele P Connors
Individual
Free & Clear · 3 yrs held
Mailing address
970 JOHN ANDERSON DR, ORMOND BEACH, FL 32176-4119
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2022
—
Michele P Connors
Michele P Connors
Intrafamily Transfer
related
—
Dec 18, 2020
$1,350,000
Connors,r Gary Trust
Ormond Outpost Properties LLC
Warranty Deed
—
Sep 2, 2016
$1,125,000
Ormond Outpost Properties LLC
Mcnamara Family Ptrs II Ltd
Warranty Deed
—
Jan 12, 2006
$1,200,000
Mcnamara Family Partners II Ltd
E T Properties LLP
Warranty Deed
$960,000 · Suntrust 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.
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