Technical
Financial
Distress signals
Property profile

198 Nova Rd Ormond Beach, FL 32174

OFF-MARKET
Investment properties
Property ID
US18-3322309
2,464 SF 0.35 ac lot Built 2005
Individually Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2005
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,464 SF
Lot 0.35 ac (15,299 SF)
Zoning code B1
APN 4220-09-00-0010
UPID US18-3322309

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
  • Dental Office
  • Real Estate Agency
  • Property Management Company
  • Real Estate Agency

Location

198 Nova Rd Ormond Beach, FL 32174-6115
Ormond Beach metro Census 80805 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
$470k
Comparable Approach Comparable
$794k
Blend (final) Blend
$335k

Owner & transaction history

since 2023
Last sale
$670,000
5 recorded transactions
2023
Price N/A
2022
$670,000
2018
Price N/A
2015
$500,000
2005
$150,000

Zoning & alternative use

B1 · Ormond Beach, FL
Top alternative use upside
Medical building $640,000 +56.1%
Auto repair, garage $610,000 +49.3%
Neighborhood: shopping center $440,000 +7.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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