Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,995,000
Investment properties
1634 Us Hwy 1st 1 Ormond Beach, FL 32174-2525
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3664790
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,256 SF
Lot
4.46 ac (194,347 SF)
Zoning code
B6
APN
3136-01-64-0021
UPID
US18-3664790
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.00M
CAP Approach
CAP
$3.28M
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$3.00M
Owner & transaction history
N&n Patel Enterprises LLC · 3 yrs held
N&n Patel Enterprises LLC
since 2023
Last sale
$4.2M
4 recorded transactions
Zoning & alternative use
B6 · Ormond Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.5M
+56.1%
Auto repair, garage
$4.3M
+49.3%
Neighborhood: shopping center
$3.1M
+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
$2,075,000
ML approach
$2,995,000
CAP Approach
CAP Return
Estimation
6%
$3,555,000
6.5%
$3,280,000
7%
$3,045,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,870,000
Current use
MEDICAL BUILDING
$4,485,000
Change: +56% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,285,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,090,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$2,725,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$3.00M
Range $2.70M – $3.29M · ±10% · vs last sale $4.15M (Jul 17 2023)
Last sale anchor
$4.15M
Jul 17 2023
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
$174 / 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
$18,533
Tax year 2023
Assessed value
$1,453,725
Assessed 2023
Previous assessed
$1,088,829
+33.5% YoY
Effective rate
1.27%
On assessed value
Assessed land
$306,097
Assessed improvement
$1,147,628
Land market value
$306,097
Improvement market value
$1,147,628
Total market value
$1,453,725
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Units
48
Bathrooms
50
Total area
17,256 SF
Lot
4.46 ac (194,347 SF)
Zoning code
B6
APN
3136-01-64-0021
UPID
US18-3664790
Jurisdiction
VOLUSIA
Zoning & alternative use
B6 · Ormond Beach, FL
Zoning B6 · permitted uses
B6 · Ormond Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ormond Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
RETAIL STORES
Est. value
$2.7M
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
48
Bathrooms
50
Lot
4.46 ac
Current owner
From public records · entity-resolved
N&n Patel Enterprises LLC
Entity
Mailing address
4344 AIRLINE RD, NORTON SHORES, MI 49444-4207
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2023
$4,150,000
N&n Patel Enterprises LLC
3hospitality Of Ormond LLC
Special Warranty Deed
$3,440,000 · Peoples Bank
Nov 21, 2019
—
Aa Accurate Truck & Tire Repai
—
Deed
related
$1,080,000 · Intracoastal Bk
Dec 30, 2013
—
Rb Hotels LLC
Ajal Management INC
Grant Deed
related
—
—
—
Aa Accurate Truck & Tire Repai
—
Loan Modification
related
$1,080,000 · Intracoastal 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.
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 1634 Us Hwy 1st 1?
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.
