Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Motels
2040 Ocean Shr Blvd Ormond Beach, FL 32176-3101
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4564339
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,548 SF
Lot
1.03 ac (45,000 SF)
APN
3227-03-01-0100
UPID
US18-4564339
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
-
Ocean Crest Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.23M
Owner & transaction history
2040 Ocean Club LLC · 5 yrs held
2040 Ocean Club LLC
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$880,000
+10.4%
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
$805,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$800,000
Current use
AUTO REPAIR, GARAGE
$880,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±10% · vs last sale $1.20M (Jun 21 2021)
Last sale anchor
$1.20M
Jun 21 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
$347 / 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
$14,729
Tax year 2023
Assessed value
$817,189
Assessed 2023
Previous assessed
$817,189
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$401,750
Assessed improvement
$415,439
Land market value
$401,750
Improvement market value
$415,439
Total market value
$817,189
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Stories
1
Units
12
Bathrooms
11
Total area
3,548 SF
Lot
1.03 ac (45,000 SF)
APN
3227-03-01-0100
UPID
US18-4564339
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
HOTEL/MOTEL Current
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$880,000
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
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
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
2
Units
12
Bathrooms
11
Lot
1.03 ac
Current owner
From public records · entity-resolved
2040 Ocean Club LLC
Entity
Mailing address
3755 PNE ST, BIG PINE KEY, FL 33043-6120
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2021
—
2040 Ocean Club LLC
Graybill Re LLC
Quit Claim Deed
related
—
May 12, 2021
$1,200,000
Graybill Re LLC
Doron Nissim
Warranty Deed
—
May 7, 2021
$1,050,000
Doron Nissim
Dreams Colony 2017 LLC
Warranty Deed
—
Oct 2, 2017
$1,250,000
Dreams Colony 2017 LLC
Ostrowsky,gordon & Marcy
Warranty Deed
$800,000 · Gmj18 LLC
Oct 2, 2017
—
Dreams Colony 2017
—
Deed
related
$250,000 · Gordon & Marcy Ostrowsky
Oct 19, 2006
—
Gordon Ostrowsky
Maynard,marsha M
Quit Claim Deed
related
—
Oct 12, 2006
—
Gordon Ostrowsky
Clum,marion G
Quit Claim Deed
related
—
—
—
Ostrowsky,gordon J & Marcy A
—
Loan Modification
related
$120,000 · Floridian Bk
—
—
Gordon J Ostrowsky
—
Deed Of Trust
related
$120,000 · Floridian Bank
—
—
Gordon Ostrowsky
—
Deed Of Trust
related
$240,000 · Southern Community Bank Ct Fl
—
—
Dreams Colony 2017
—
Deed Of Trust
related
$250,000 · Gordon & Marcy Ostrowsky
—
—
Gordon J Ostrowsky
—
Deed Of Trust
related
$120,000 · Floridian Bank
—
—
Gordon J Ostrowsky
—
Deed Of Trust
related
$25,402 · Floridian 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.
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?”
You own 2040 Ocean Shr Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
