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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Retail residential properties
202 3rd St Flagler Beach, FL 32136-3698
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US19-0850635
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,407 SF
Lot
0.23 ac (10,019 SF)
Zoning code
GC
APN
12-12-31-4500-00330-0080
UPID
US19-0850635
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
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$699k
Blend (final)
Blend
$750k
Owner & transaction history
Fox Wave Holdings LLC · 2 yrs held
Fox Wave Holdings LLC
since 2024
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
GC · Flagler Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The provisions of this district are intended to serve the general commercial needs of the city, wherein a large variety of retail, commercial, governmental, financial, professional office services and other general commercial are permitted
Zone name
General Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
78.61 ac
Source
Realmo
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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Feb 14 2024)
Last sale anchor
$750k
Feb 14 2024
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
$312 / 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
$3,484
Tax year 2023
Assessed value
$176,679
Assessed 2023
Previous assessed
$176,679
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$97,520
Assessed improvement
$79,159
Land market value
$97,520
Improvement market value
$79,159
Total market value
$176,679
Applied tax rate
22.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
WALL UNIT
Stories
2
Units
1
Total area
2,407 SF
Lot
0.23 ac (10,019 SF)
Zoning code
GC
APN
12-12-31-4500-00330-0080
UPID
US19-0850635
Jurisdiction
FLAGLER
Zoning & alternative use
GC · Flagler Beach, FLZoning GC · permitted uses
GC · Flagler Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The provisions of this district are intended to serve the general commercial needs of the city, wherein a large variety of retail, commercial, governmental, financial, professional office services and other general commercial are permitted
Zone name
General Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
78.61 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Fox Wave Holdings LLC
Entity
Mailing address
72 HERNANDEZ AVE, PALM COAST, FL 32137-3244
Ownership since
2024
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
Feb 14, 2024
$750,000
Fox Wave Holdings LLC
Sasha Industrial Properties LLC
Warranty Deed
—
Aug 14, 2017
$178,000
Sasha Industrial Properties
Melton,brenda L
Deed In Lieu Of Foreclosure
—
Sep 9, 2014
—
Brenda L Melton
Melton,erik H
Quit Claim Deed
related
$160,000 · Jscs LLC
Apr 11, 2006
—
Erik H Melton
Central Land Trust
Quit Claim Deed
related
—
Jan 4, 2006
—
Central Land Trust
Melton,erik H & Brenda L
Quit Claim Deed
related
—
Jan 4, 2005
$650,000
Erik L Melton
Dale R Odum
Warranty Deed
$541,405 · Wachovia Bank NA
—
—
Dale R Odum
—
Deed Of Trust
related
$486,416 · Cypress Bank
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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