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Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Turn key restaurants
1848 Ocean Shr Blvd Flagler Beach, FL 32136-3802
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US19-0497888
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1962
Construction
CONCRETE BLOCKS
Total area
5,555 SF
Lot
0.8 ac (34,717 SF)
Zoning code
TC
APN
18-12-32-2750-00190-0130
UPID
US19-0497888
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
$1.39M
Blend (final)
Blend
$1.40M
Owner & transaction history
Tjs Oceanside Props II LLC · 11 yrs held
Tjs Oceanside Props II LLC
since 2015
7 recorded transactions
Zoning & alternative use
TC · Flagler 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 Flagler Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flagler 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
RESTAURANT
$1,875,000
Current use
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±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
$251 / 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
$29,332
Tax year 2023
Assessed value
$2,072,121
Assessed 2023
Previous assessed
$1,266,765
+63.6% YoY
Effective rate
1.42%
On assessed value
Assessed land
$1,468,938
Assessed improvement
$603,183
Land market value
$1,468,938
Improvement market value
$603,183
Total market value
$2,072,121
Applied tax rate
21.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1962
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
5,555 SF
Lot
0.8 ac (34,717 SF)
Zoning code
TC
APN
18-12-32-2750-00190-0130
UPID
US19-0497888
Jurisdiction
FLAGLER
Zoning & alternative use
TC · Flagler Beach, FL
Zoning TC · permitted uses
TC · Flagler Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Flagler Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.9M
RESTAURANT Current
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
1962
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Tjs Oceanside Props II LLC
Entity
Mailing address
PO BOX 1600, FLAGLER BEACH, FL 32136-1600
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2024
—
Tjs Family Prop Of Ormond Beach LLC
—
Deed
related
$145,000 · Intracoastal Bank
Dec 31, 2020
—
Tjs Oceanside Prop II LLC
—
Deed
related
—
Dec 8, 2016
—
T Js Oceanside Props II LLC
—
Deed
related
$500,000 · Intracoastal Bk
Feb 17, 2015
—
Tjs Oceanside Props II LLC
Tjs Oceanside Props LLC
Quit Claim Deed
related
—
Apr 12, 2013
—
Tjs Oceanside Properties LLC
Tjs Family Ents INC
Quit Claim Deed
related
—
Sep 15, 2010
$480,000
Tjs Family Ents INC
Mid Florida Mgmt Group LLC
Warranty Deed
—
Feb 14, 2006
$1,736,500
Mid Florida Management Group LLC
Gjeto Lulgjuraj
Warranty Deed
$1,075,000 · Zions First National Bank
—
—
Mid Florida Mgmt Group LLC
—
Deed Of Trust
related
$686,000 · Florida Business Dev Corp
—
—
T Js Oceanside Props II LLC
—
Loan Modification
related
$500,000 · Intracoastal Bk
—
—
Gjeto Lulgjuraj
—
Deed Of Trust
related
$100,469 · Julia Anagnostis Trustee
—
—
Gjeto Lulgjuraj
—
Deed Of Trust
related
$500,000 · Wachovia Bank NA
—
—
Tjs Oceanside Prop II LLC
—
Loan Modification
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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