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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Investment properties
1400 Hand Ave Ste D Ormond Beach, FL 32174-8195
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4392559
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,520 SF
Lot
0.06 ac (2,520 SF)
APN
4229-11-00-000D
UPID
US18-4392559
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
-
Meagan Vecino Alternative Medicine Practice
-
Advanced Sleep & Respiratory Institute Physician
-
Ormond Beach Clinical Research Research Institute
-
Gratium Wealth Planning - Ameriprise Financial Services, LLC Financial Advisor
-
Matthew Deckman - Ameriprise Financial Services, Inc. Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$587k
Blend (final)
Blend
$525k
Owner & transaction history
Root Gap LLC · 3 yrs held
Root Gap LLC
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$655,000
+56.1%
Auto repair, garage
$625,000
+49.3%
Neighborhood: shopping center
$450,000
+7.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$420,000
Current use
MEDICAL BUILDING
$655,000
Change: +56% · Conversion: Easy
AUTO REPAIR, GARAGE
$625,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$450,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$400,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$208 / 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
$6,028
Tax year 2023
Assessed value
$369,130
Assessed 2023
Previous assessed
$404,057
-8.6% YoY
Effective rate
1.63%
On assessed value
Assessed land
$85,680
Assessed improvement
$283,450
Land market value
$85,680
Improvement market value
$283,450
Total market value
$369,130
Applied tax rate
201.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
2,520 SF
Lot
0.06 ac (2,520 SF)
APN
4229-11-00-000D
UPID
US18-4392559
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$420,000
MEDICAL BUILDING
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$625,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$450,000
RETAIL STORES
Est. value
$400,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Root Gap LLC
Entity
Mailing address
275 CLYDE MORRIS BLVD, ORMOND BEACH, FL 32174-5977
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2022
$748,000
Root Gap LLC
Cooper Property Holdings INC
Warranty Deed
$385,000 · Richard S Cooper
Feb 2, 2017
—
Cooper Property Holdings INC
—
Trustees Deed
related
$385,000 · Cooper Family Trust (pt)
Nov 4, 2004
$535,500
Mitchell-noel INC
Hand Avenue LLC
Warranty Deed
$375,000 · Cypress Coquina Bank
—
—
Mitchell-noel INC
—
Deed Of Trust
related
$660,000 · Floridian Bank
—
—
Mitchell Noel INC
—
Loan Modification
related
$75,000 · Floridian Bk
—
—
Mitchell-noel INC
—
Deed Of Trust
related
$50,000 · Floridian Bk
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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