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Property profile & analytics
FOR SALE
Motels
1708 S Atlantic Ave New Smyrna Beach, FL 32169
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-0315923
For Sale
1 / 88
$3,900,000
1708 S Atlantic Ave, New Smyrna Beach, FL 32169
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,312 SF
Lot
0.6 ac (26,250 SF)
Zoning code
B4
APN
7415-04-39-0040
UPID
US18-0315923
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$760k
Blend (final)
Blend
$595k
Owner & transaction history
Ocean Eleven Nsb LLC · 7 yrs held
Ocean Eleven Nsb LLC
since 2019
2 recorded transactions
Zoning & alternative use
B4 · New Smyrna Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$825,000
+10.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$745,000
Current use
AUTO REPAIR, GARAGE
$825,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$685,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$650,000
Change: -13% · Conversion: Difficult
MEDICAL BUILDING
$615,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10%
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
$180 / 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
$10,607
Tax year 2023
Assessed value
$631,986
Assessed 2023
Previous assessed
$594,726
+6.3% YoY
Effective rate
1.68%
On assessed value
Assessed land
$242,813
Assessed improvement
$389,173
Land market value
$242,813
Improvement market value
$389,173
Total market value
$631,986
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
Motels
Use group
MOTEL
Status
For Sale
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Stories
1
Units
8
Bathrooms
8
Total area
3,312 SF
Lot
0.6 ac (26,250 SF)
Zoning code
B4
APN
7415-04-39-0040
UPID
US18-0315923
Jurisdiction
VOLUSIA
Zoning & alternative use
B4 · New Smyrna Beach, FL
Zoning B4 · permitted uses
B4 · 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
HOTEL/MOTEL Current
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$650,000
MEDICAL BUILDING
Est. value
$615,000
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
2
Units
8
Bathrooms
8
Lot
0.6 ac
Current owner
From public records · entity-resolved
Ocean Eleven Nsb LLC
Entity
Free & Clear · 7 yrs held
Mailing address
305 JULIA ST, NEW SMYRNA BEACH, FL 32168-7023
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2019
$1,500,000
Ocean Eleven Nsb LLC
Curtis,robert P & Patricia M
Warranty Deed
—
Jul 18, 2003
$550,000
Robert P Curtis
Chambers,russell & Joan J
Grant Deed
$550,000 · Russell & Joan J Chambers
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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