Back to Search
Property profile & analytics
FOR LEASE
Banks
1899 S Clyde Morris Blvd Daytona Beach, FL 32119
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-9122473
For Lease
1 / 2
Contact for pricing
1899 S Clyde Morris Blvd, Daytona Beach, FL 32119
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,770 SF
Lot
1.67 ac (72,731 SF)
APN
5331-00-06-0270
UPID
US18-9122473
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
Current use
Occupant on record · Public records
-
BB&T Insurance Services Insurance Agency
-
Kid City USA - Corporate HQ Daycare Center Foster Care Service
-
Truist Financial Advisor
-
BB&T ATM Atm
-
BB&T Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
118 Investments INC · 3 yrs held
118 Investments INC
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.1M
+152.1%
Commercial (general)
$1.6M
+99.2%
Restaurant
$1.3M
+63.7%
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 Daytona Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daytona 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
$1,665,000
ML approach
$1,610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,070,000
Change: +152% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,635,000
Change: +99% · Conversion: Difficult
RESTAURANT
$1,345,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$1,325,000
Change: +61% · Conversion: Difficult
MEDICAL BUILDING
$1,295,000
Change: +58% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,230,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,045,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10% · vs last sale $1.80M (Nov 23 2022)
Last sale anchor
$1.80M
Nov 23 2022
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
$160 / 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
$32,136
Tax year 2023
Assessed value
$1,792,515
Assessed 2023
Previous assessed
$1,614,829
+11.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$322,926
Assessed improvement
$1,469,589
Land market value
$322,926
Improvement market value
$1,469,589
Total market value
$1,792,515
Applied tax rate
204.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
5
Total area
10,770 SF
Lot
1.67 ac (72,731 SF)
APN
5331-00-06-0270
UPID
US18-9122473
Jurisdiction
VOLUSIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
5
Lot
1.67 ac
Current owner
From public records · entity-resolved
118 Investments INC
Entity
Mailing address
4530 S RIDGEWOOD AVE, PORT ORANGE, FL 32127-4523
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2024
—
118 Investments INC
—
Deed
related
$1,342,872 · Midflorida Cu
May 11, 2023
—
118 Investments INC
—
Deed
related
$1,170,000 · Bridgecore Lending INC
Nov 23, 2022
$1,800,000
118 Investments INC
Trason Daytona LLC
Special Warranty Deed
—
Feb 29, 2008
$6,899,136
Trason Daytona LLC
Cb Portfolio Landlord LLC
Grant Deed
—
Aug 8, 2007
$6,515,850
Cb Portfolio Landlord LLC
Colonial Bank NA
Warranty Deed
—
—
—
Trason Daytona LLC
—
Deed Of Trust
related
$3,500,000 · Hsbc Bank USA
—
—
Trason Daytona LLC
—
Deed Of Trust
related
$4,800,000 · Hsbc Bank USA
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?”
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.
