Individually Owned Property summary
AI-generated overview
The property comprises a two-building multifamily/commercial rental package within the Landmark Business Park Condo in the Daytona Beach, Florida MSA, located at 1801 S Nova Rd (Building 1) and 955 Foster Way (Building 3). Building 1 contains five units and Building 3 contains six units, for a total of 11 units across both buildings. Approximately 40% of the leased space is dedicated to medical use, with the remainder used for other long-term tenant purposes. The combined building area is 50,515 square feet, constructed with block and steel, and each building sits on a combined lot size of 1.5 acres. The buildings are maintained as condo properties within the Landmark Business Park Condo framework, and Building 1 is sold as part of the package with Building 3 (i.e., not separately).
Property profile
Verified
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,961 SF
Lot
0.96 ac (41,844 SF)
Zoning code
ML2
APN
5341-12-00-0010
UPID
US18-2842404
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
General Contractor Construction Company
-
Church
-
Home Health Care Service
-
Landscaping
-
Garden Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.47M
Blend (final)
Blend
$815k
Owner & transaction history
since 2022
1 recorded transaction
Zoning & alternative use
ML2 · South Daytona, FL
Top alternative use upside
Retail stores
$4.2M
+22.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$815k
Value range
$734k – $897k
±10% around blend
Estimated value / SF
$33 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$734k
blend $815k
$897k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
24,961 SF
Lot area
0.96 ac
Year built
2005
Stories
1
APN
5341-12-00-0010
Zoning
ML2
Assessed value
$1,409,742
Annual tax
$28,298
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.47M
Range $2.47M – $4.74M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$815k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 35 sales
$138
-76%
Submarket 291 sales
$176
-81%
County 625 sales
$196
-83%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $33/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+22%
vs current-use indication
Commercial (general) · current use
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.41M
Move the market yield to see immediate price impact.
Value / SF
$56
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$89k
$1.78M
$1.27M
$987k
$99k
$1.97M
$1.41M
$1.10M
$109k
$2.17M
$1.55M
$1.21M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$28,298
Tax year 2023
Assessed value
$1,409,742
Assessed 2023
Previous assessed
$1,339,184
+5.3% YoY
Effective rate
2.01%
On assessed value
Assessed land
$334,618
Assessed improvement
$1,075,124
Land market value
$334,618
Improvement market value
$1,075,124
Total market value
$1,409,742
Applied tax rate
401.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
6
Total area
24,961 SF
Lot
0.96 ac (41,844 SF)
Zoning code
ML2
APN
5341-12-00-0010
UPID
US18-2842404
Jurisdiction
VOLUSIA
Zoning & alternative use
ML2 · South Daytona, FLZoning ML2 · permitted uses
ML2 · South Daytona, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
6
Lot
0.96 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
ML2
Jurisdiction
South Daytona, FL
Recorded code
ML2
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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