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Property profile & analytics
OFF-MARKET
Estimated value
$6,065,000
Manufacturing properties
1490 Frances Dr Daytona Beach, FL 32124-3605
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3737639
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1982
Construction
STEEL FRAME
Total area
71,105 SF
Lot
17.94 ac (781,466 SF)
Zoning code
I1
APN
5233-00-00-0032
UPID
US18-3737639
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
-
Fabco Metal Products LP Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.91M
CAP Approach
CAP
$6.52M
Comparable Approach
Comparable
$8.12M
Blend (final)
Blend
$6.07M
Owner & transaction history
Store Master Funding Xxiii LLC · 4 yrs held
Store Master Funding Xxiii LLC
since 2022
Last sale
$6.1M
6 recorded transactions
Zoning & alternative use
I1 · Daytona 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 Daytona Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daytona 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
$5,665,000
ML approach
$5,905,000
CAP Approach
CAP Return
Estimation
6%
$7,055,000
6.5%
$6,515,000
7%
$6,045,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,395,000
Current use
Blend value · Realmo final
$6.07M
Range $5.46M – $6.67M · ±10% · vs last sale $6.12M (Jan 20 2022)
Last sale anchor
$6.12M
Jan 20 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
$85 / 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
$104,148
Tax year 2023
Assessed value
$5,428,025
Assessed 2023
Previous assessed
$5,428,025
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$996,369
Assessed improvement
$4,431,656
Land market value
$996,369
Improvement market value
$4,431,656
Total market value
$5,428,025
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
1982
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Bathrooms
8
Total area
71,105 SF
Lot
17.94 ac (781,466 SF)
Zoning code
I1
APN
5233-00-00-0032
UPID
US18-3737639
Jurisdiction
VOLUSIA
Zoning & alternative use
I1 · Daytona Beach, FL
Zoning I1 · permitted uses
I1 · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Daytona Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.4M
INDUSTRIAL (GENERAL) Current
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
1982
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
8
Lot
17.94 ac
Current owner
From public records · entity-resolved
Store Master Funding Xxiii LLC
Entity
Mailing address
8377 E HARTFORD DR STE #100, SCOTTSDALE, AZ 85255-5686
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
Jan 20, 2022
$6,116,982
Store Master Funding Xxiii LLC
Fabco Metal Products
Special Warranty Deed
$6,120,000 · Citibank NA
Jan 6, 2017
—
Fs Daytona LLC
—
Deed
related
$2,970,000 · Bmo Harris Bk NA
Aug 6, 2009
—
Fs Daytona LLC
Vaughn,sammy C & Diane B
Grant Deed
—
—
—
Fs Daytona LLC
—
Deed Of Trust
related
$1,243,359 · Bmo Harris Bk NA
—
—
Fs Daytona LLC
—
Deed Of Trust
related
$2,000,000 · Regions Bank
—
—
Fs Daytona LLC
—
Loan Modification
related
$2,970,000 · Bmo Harris Bk NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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