Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$20,255,000
Parking lots & garages
1615 Atlantic Ave Daytona Beach, FL 32118-4903
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US19-0382439
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1973
Construction
CONCRETE
Total area
126,371 SF
Lot
2.12 ac (92,496 SF)
Zoning code
T1
APN
5316-03-00-0010
UPID
US19-0382439
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
-
First watch Restaurant
-
LibertyX Bitcoin ATM Atm
-
Holiday Inn Resort Daytona Beach Oceanfront, an IHG Hotel Hotel & Motel
-
H20 Bar & Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.26M
Owner & transaction history
Hir Db Propco LLC · 10 yrs held
Hir Db Propco LLC
since 2016
5 recorded transactions
Zoning & alternative use
T1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$160 / 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
$300,478
Tax year 2023
Assessed value
$20,552,635
Assessed 2023
Previous assessed
$18,347,627
+12.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$4,162,320
Assessed improvement
$16,390,315
Land market value
$4,162,320
Improvement market value
$16,390,315
Total market value
$20,552,635
Applied tax rate
204.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
7
Units
187
Bathrooms
161
Total area
126,371 SF
Lot
2.12 ac (92,496 SF)
Zoning code
T1
APN
5316-03-00-0010
UPID
US19-0382439
Jurisdiction
VOLUSIA
Zoning & alternative use
T1 · Daytona Beach, FL
Zoning T1 · permitted uses
T1 · 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.
Building & site characteristics
From public records
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
7
Units
187
Bathrooms
161
Lot
2.12 ac
Current owner
From public records · entity-resolved
Hir Db Propco LLC
Entity
Mailing address
7025 COUNTY RD 46TH STE 1071STE107, LAKE MARY, FL 32746-4721
Ownership since
2016
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
Mar 1, 2016
$25,400,000
Hir Db Propco LLC
Hir Daytona Holding LLC
Warranty Deed
$19,000,000 · Jefferies Loancore
Aug 22, 2013
—
Hir Daytona Holding LLC
Humphrey Realty Corp
Warranty Deed
—
Dec 3, 2007
—
Humphrey Realty Corp
Daytona Beach Inv Fund LLC
Grant Deed
—
Mar 11, 2005
$11,500,000
Daytona Beach Inv Fund LLC
Simley Corp
Warranty Deed
related
$9,200,000 · Federal Trust Bank
—
—
Hir Daytona Holding LLC
—
Deed Of Trust
related
$15,870,000 · Wells Fargo Bank
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?”
You own 1615 Atlantic Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
