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Property profile & analytics
FOR SALE
Community centers
160 S Nova Rd Ormond Beach, FL 32174
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0302933
For Sale
1 / 2
Contact for pricing
160 S Nova Rd, Ormond Beach, FL 32174
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
78,770 SF
Lot
8.24 ac (358,943 SF)
Zoning code
B3
APN
4220-02-01-0010
UPID
US18-0302933
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
-
Truist - ATM Atm
-
SunTrust ATM Atm
-
Ormond Beach Marketplace Business Service Center Corporate Office
-
SunTrust Mortgage Loan Service Bank
-
Truist Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.57M
Blend (final)
Blend
$9.70M
Owner & transaction history
Afnabsprop001 LLC · 1 yrs held
Afnabsprop001 LLC
since 2025
Last sale
$9.7M
5 recorded transactions
Zoning & alternative use
B3 · Ormond 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 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
$9,700,000
ML approach
$9,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$14,105,000
Current use
COMMERCIAL (GENERAL)
$13,110,000
Change: -7% · Conversion: Easy
RETAIL STORES
$12,440,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$9.70M
Range $8.73M – $10.67M · ±10% · vs last sale $9.70M (May 29 2024)
Last sale anchor
$9.70M
May 29 2024
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
$123 / 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
$110,625
Tax year 2023
Assessed value
$6,774,728
Assessed 2023
Previous assessed
$6,774,728
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$2,013,670
Assessed improvement
$4,761,058
Land market value
$2,013,670
Improvement market value
$4,761,058
Total market value
$6,774,728
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
Community centers
Use group
MINI-MALL
Status
For Sale
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
43
Total area
78,770 SF
Lot
8.24 ac (358,943 SF)
Zoning code
B3
APN
4220-02-01-0010
UPID
US18-0302933
Jurisdiction
VOLUSIA
Zoning & alternative use
B3 · Ormond Beach, FLZoning B3 · permitted uses
B3 · Ormond Beach, FL
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$14.1M
COMMERCIAL (GENERAL)
Est. value
$13.1M
RETAIL STORES
Est. value
$12.4M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
43
Lot
8.24 ac
Current owner
From public records · entity-resolved
Afnabsprop001 LLC
Entity
Mailing address
418 ROTH LN, ALAMEDA, CA 94501-5483
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
—
Lincoln Bancorp LLC
—
Deed
related
$750,000 · Midflorida Cu
Feb 14, 2025
$2,020,000
Afnabsprop001 LLC
Arc Hr5stp1002 LLC
Special Warranty Deed
$527,168,027 · Citibank NA
May 29, 2024
$9,700,000
Lincoln Bancorp LLC
Swed Properties LLC
Warranty Deed
—
Sep 1, 2015
—
Swed Properties LLC
Rivergate Oakridge LLC
Warranty Deed
—
Aug 11, 2015
$5,800,000
Swed Properties LLC
Rivergate Oakridge LLC
Warranty Deed
$4,060,000 · Florida Community Bank 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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