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Property profile & analytics
OFF-MARKET
Estimated value
$1,755,000
Retail properties & Spaces
1701 State Rd 44 New Smyrna Beach, FL 32168-8338
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5614194
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,498 SF
Lot
0.75 ac (32,625 SF)
Zoning code
B5
APN
7419-00-00-0350
UPID
US18-5614194
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
$1.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.76M
Owner & transaction history
Um 1701 Sr44 Nsb LLC · 2 yrs held
Um 1701 Sr44 Nsb LLC
since 2023
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
B5 · New Smyrna Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+173.3%
Auto repair, garage
$1.6M
+72.3%
Retail stores
$1.5M
+55.0%
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 New Smyrna Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Smyrna 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
$1,850,000
ML approach
$1,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,560,000
Change: +173% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,615,000
Change: +72% · Conversion: Difficult
RETAIL STORES
$1,455,000
Change: +55% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,345,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$1,210,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,165,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$1.76M
Range $1.58M – $1.93M · ±10% · vs last sale $1.68M (Dec 27 2023)
Last sale anchor
$1.68M
Dec 27 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
$270 / 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
$16,426
Tax year 2023
Assessed value
$909,784
Assessed 2023
Previous assessed
$909,784
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$318,094
Assessed improvement
$591,690
Land market value
$318,094
Improvement market value
$591,690
Total market value
$909,784
Applied tax rate
601.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
6,498 SF
Lot
0.75 ac (32,625 SF)
Zoning code
B5
APN
7419-00-00-0350
UPID
US18-5614194
Jurisdiction
VOLUSIA
Zoning & alternative use
B5 · New Smyrna Beach, FL
Zoning B5 · permitted uses
B5 · New Smyrna Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Smyrna Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
Um 1701 Sr44 Nsb LLC
Entity
Mailing address
3419 WD JUDGE DR STE #150, ORLANDO, FL 32808-7443
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
Dec 27, 2023
$1,675,000
Um 1701 Sr44 Nsb LLC
Vmre LLC
Warranty Deed
$1,800,000 · Synovus Bank
Aug 5, 2009
—
Vmre LLC
Eric Peronnard
Warranty Deed
$800,000 · Gatewaybank Of Florida
Mar 8, 2004
$270,000
Peronnard-nordstrom,tr
Smith,j L
Grant Deed
—
—
—
Andrew J Pallemaerts
—
Deed Of Trust
related
$120,000 · Carol M Nordstrom
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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