Entity Owned 
For Lease
1 / 3
$2,071/Mo
140 S Atlantic Ave, Ormond Beach, FL 32176
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Property summary
AI-generated overview
This exceptional five-story, 27,000 square foot professional office building, located just a quarter-mile south of E Granada Blvd and the bridge to the mainland, offers beautifully renovated suites perfect for corporate tenants. The building, constructed in 1975 and extensively renovated in 2024, boasts a prime Beachside location with stunning ocean views from the upper floors. Suites range from 1,130 to 3,284 contiguous square feet, with a minimum divisible space of 1,130 square feet. The building features four total suites, two elevators, and is fully ADA compliant, including bathrooms. Additional amenities include a whole-building generator and storm shutters, providing peace of mind and operational continuity. The property sits on a substantial 43,000 square foot lot and is zoned B-4 Central Business, offering flexibility for various professional uses. The building is also conveniently located near A1A. Fully furnished options are available for select suites. This Class C building presents a unique opportunity to establish a thriving business in a desirable coastal location.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1975
Construction
CONCRETE
Total area
26,682 SF
Lot
0.99 ac (43,000 SF)
APN
4214-09-06-0070
UPID
US18-3629131
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Logistics Company Freight Service
-
Law Firm
-
Real Estate Agency
-
Spa & Massage Center Alternative Medicine Practice
-
Corporate Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.07M
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$3.68M
Owner & transaction history
since 2019
3 recorded transactions
Zoning & alternative use
Top alternative use upside
Medical building
$4.8M
+19.8%
Neighborhood: shopping center
$4.8M
+19.7%
Retail stores
$4.2M
+5.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.68M
Value range
$3.31M – $4.04M
±10% around blend
Estimated value / SF
$138 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$3.31M
blend $3.68M
$4.04M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
26,682 SF
Lot area
0.99 ac
Year built
1975
Stories
1
APN
4214-09-06-0070
Assessed value
$2,246,598
Annual tax
$36,685
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.07M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$5.50M
@ 6.5% CAP return
$5.07M
@ 7% CAP return
$4.71M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$36,685
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.76M
Range $2.05M – $8.30M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.68M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 73 sales
$150
-8%
County 625 sales
$196
-30%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $138/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+20%
vs current-use indication
Neighborhood: Shopping Center
Retail Stores
Commercial (general) · current use
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$585k
Move the market yield to see immediate price impact.
Value / SF
$22
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$37k
$737k
$526k
$409k
$41k
$819k
$585k
$455k
$45k
$901k
$643k
$500k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$36,685
Tax year 2023
Assessed value
$2,246,598
Assessed 2023
Previous assessed
$2,262,959
-0.7% YoY
Effective rate
1.63%
On assessed value
Assessed land
$354,750
Assessed improvement
$1,891,848
Land market value
$354,750
Improvement market value
$1,891,848
Total market value
$2,246,598
Applied tax rate
201.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1975
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
42
Total area
26,682 SF
Lot
0.99 ac (43,000 SF)
APN
4214-09-06-0070
UPID
US18-3629131
Jurisdiction
VOLUSIA
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
42
Lot
0.99 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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