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    1530 State Rd 40 Astor, FL 32102-7903
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    1530 State Rd 40 Astor, FL 32102-7903

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    • Motels
    • 1,924 SF
    • 1.03 lot acres
    Off-Market
    Last Sale Feb 22, 2021
    $220,000
    Property ID
    US18-4081283
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 1530 State Rd 40

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.03 lot acres
    Property size
    1,924 SF
    Zone code
    B4
    Property type
    Motels
    APN
    5829-02-04-0010
    APU
    582902040010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Astor
    County
    Volusia
    State
    Florida
    Longitude
    -81.5194
    Latitude
    29.1696
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,583
    $50,471
    $144,581
    $195,052
    -
    $50,471
    $144,581
    $195,052

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      Claire St

      WASTE DISPOSAL, SEWAGE • 0.35 Acres
      Claire St, Astor, FL 32102
      View Details
    • Value Estimation by Request
      2.01 Acres

      George St

      VACANT COMMERCIAL LAND • 2.01 Acres
      George St, Astor, FL 32102
      View Details
    • Value Estimation by Request
      0.28 Acres

      Lisa St

      VACANT COMMERCIAL LAND • 0.28 Acres
      Lisa St, Astor, FL 32102
      View Details
    • Value Estimation by Request
      1,342 SF

      54801 County Rd 445a

      NIGHTCLUB (COCKTAIL LOUNGE) • 1,342 SF
      54801 County Rd 445a, Astor, FL 32102-3413
      View Details
    • Value Estimation
      $850,000
      1,200 SF

      25716 Powell Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,200 SF
      25716 Powell Dr, Astor, FL 32102-3618
      View Details
    • Value Estimation
      $805,000
      7,392 SF

      23505 State Rd 40

      RETAIL STORES (PERSONAL SERVICES) • 7,392 SF
      23505 State Rd 40, Astor, FL 32102-2907
      View Details

    Similar Nearby for Sale

    • $50,000
      Pending

      Land in Astor, Florida

      1.36 acre commercial land for sale in Astor, Florida.
      County Road 445A, Astor, FL 32102
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    • $150,000
      0.36 Acres

      Astor, Florida Land Opportunity

      0.36-acre lot near Lake George and St. Johns River.
      Fox Rd, Astor, FL 32102
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    • New
      $75,000
      1.54 Acres

      Vacant Land in Astor, Florida

      1.5+ acres of vacant land perfect for recreation or investment.
      Cherry Tree Rd, Astor, FL 32102
      View Details
    • $496,000
      Pending

      Astor Commercial Property For Sale

      Commercial property available in Astor, Florida.
      55406 Hugh Dr, Astor, FL 32102
      View Details

    Similar Nearby for Lease

    • $42,000
      4,542 SF

      Retail Space in Astor, Florida

      Retail space available for rent in Lake County, Florida.
      54750 County Road 445A, Astor, FL 32102
      View Details
    • $3,500 /Mo
      4,542 SF

      Versatile Building in ASTOR, FL

      Adaptable 4542 sq ft building suitable for various business uses.
      54750 County Road 445A, Astor, FL 32102
      View Details
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    1530 State Rd 40
    Astor, FL 32102-7903
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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