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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Turn key restaurants
1900 Ocean Shr Blvd Ormond Beach, FL 32176-3117
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-0540679
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,901 SF
Lot
1.28 ac (55,870 SF)
Zoning code
B4
APN
3241-02-00-0541
UPID
US18-0540679
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
-
Betty's A1A Cafe Restaurant
-
Oceanside Beach Bar & Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$595k
Blend (final)
Blend
$925k
Owner & transaction history
Tjs Family Prop Of Ormond Beach LLC · 5 yrs held
Tjs Family Prop Of Ormond Beach LLC
since 2021
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
B4 · Ormond 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 Ormond Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ormond 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
$820,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $1.22M (Mar 31 2021)
Last sale anchor
$1.22M
Mar 31 2021
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
$237 / 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
$17,614
Tax year 2023
Assessed value
$962,197
Assessed 2023
Previous assessed
$571,020
+68.5% YoY
Effective rate
1.83%
On assessed value
Assessed land
$674,015
Assessed improvement
$288,182
Land market value
$674,015
Improvement market value
$288,182
Total market value
$962,197
Applied tax rate
200.0000
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
3
Total area
3,901 SF
Lot
1.28 ac (55,870 SF)
Zoning code
B4
APN
3241-02-00-0541
UPID
US18-0540679
Jurisdiction
VOLUSIA
Zoning & alternative use
B4 · Ormond Beach, FL
Zoning B4 · permitted uses
B4 · Ormond Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ormond Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.28 ac
Current owner
From public records · entity-resolved
Tjs Family Prop Of Ormond Beach LLC
Entity
Mailing address
1900 OCEAN SHR BLVD, ORMOND BEACH, FL 32176-3117
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2021
—
Tjs Family Prop Of Ormond Beach LLC
—
Deed
related
$1,087,500 · Intracoastal Bank
Mar 31, 2021
$1,218,000
Tjs Family Prop Of Ormond Beach LLC
Eugene Paul O'keefe
Warranty Deed
—
Mar 2, 2016
—
Okeefe,eugene P Trust 2016
Okeefe,eugene P
Quit Claim Deed
related
—
Nov 18, 2002
$550,000
Eugene P O'keefe
Nomikos,mark
Grant Deed
$375,000 · Harbor Fsb
—
—
Mark Momikos
—
Deed Of Trust
related
$103,300 · Southtrust Bank NA
—
—
Eugene P O'keefe
—
Deed Of Trust
related
$215,300 · Us Small Business Admn
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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