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Property profile & analytics
OFF-MARKET
Turn key restaurants
195 Granada Blvd Ormond Beach, FL 32174-6362
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0456485
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,042 SF
Lot
0.27 ac (11,970 SF)
Zoning code
B5
APN
4215-07-07-0050
UPID
US19-0456485
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
-
Frida's Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pedro A Nevarez · 7 yrs held
Pedro A Nevarez
since 2019
4 recorded transactions
Zoning & alternative use
B5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,318
Tax year 2023
Assessed value
$583,191
Assessed 2023
Previous assessed
$583,191
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$82,294
Assessed improvement
$500,897
Land market value
$82,294
Improvement market value
$500,897
Total market value
$583,191
Applied tax rate
201.0000
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
4,042 SF
Lot
0.27 ac (11,970 SF)
Zoning code
B5
APN
4215-07-07-0050
UPID
US19-0456485
Jurisdiction
VOLUSIA
Zoning & alternative use
B5 · Ormond Beach, FL
Zoning B5 · permitted uses
B5 · 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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Pedro A Nevarez
Individual
Mailing address
7340 57TH ST, VERO BEACH, FL 32967-5853
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2019
$1,550,000
Pedro A Nevarez
Taxco LLC
Warranty Deed
$1,100,000 · National Bank Of Commerce
Jul 26, 2007
—
Taxco LLC
Daliessio,ashley F
Warranty Deed
$800,000 · Sunshine State Community Bank
Jul 26, 2007
$199,800
Taxco LLC
Fornell,richard H
Warranty Deed
—
Oct 20, 2004
$135,000
Fornell Enterprises INC Psp Of Trust
Fornell Ents INC
Warranty Deed
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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