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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Warehouses
206 Flagler Ave New Smyrna Beach, FL 32169-2637
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-9353636
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,806 SF
Lot
0.15 ac (6,500 SF)
Zoning code
B1
APN
7455-09-00-0040
UPID
US18-9353636
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
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$525k
Owner & transaction history
206 Flagler Property LLC · 13 yrs held
206 Flagler Property LLC
since 2013
2 recorded transactions
Zoning & alternative use
B1 · New Smyrna Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
City Zoning
Top alternative use upside
Commercial (general)
$730,000
+94.4%
Retail stores
$510,000
+36.2%
Auto repair, garage
$450,000
+19.8%
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 New Smyrna Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Smyrna 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
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$375,000
Current use
COMMERCIAL (GENERAL)
$730,000
Change: +94% · Conversion: Difficult
RETAIL STORES
$510,000
Change: +36% · Conversion: Moderate
AUTO REPAIR, GARAGE
$450,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$335,000
Change: -10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$325,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$291 / 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
$11,495
Tax year 2023
Assessed value
$692,034
Assessed 2023
Previous assessed
$676,589
+2.3% YoY
Effective rate
1.66%
On assessed value
Assessed land
$520,650
Assessed improvement
$171,384
Land market value
$520,650
Improvement market value
$171,384
Total market value
$692,034
Applied tax rate
601.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
3
Total area
1,806 SF
Lot
0.15 ac (6,500 SF)
Zoning code
B1
APN
7455-09-00-0040
UPID
US18-9353636
Jurisdiction
VOLUSIA
Zoning & alternative use
B1 · New Smyrna Beach, FLZoning B1 · permitted uses
B1 · New Smyrna Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
City Zoning
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$375,000
COMMERCIAL (GENERAL)
Est. value
$730,000
RETAIL STORES
Est. value
$510,000
AUTO REPAIR, GARAGE
Est. value
$450,000
MEDICAL BUILDING
Est. value
$335,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$325,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
206 Flagler Property LLC
Entity
Mailing address
120 N RIVERSIDE DR, EDGEWATER, FL 32132-1716
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2013
$370,000
206 Flagler Property LLC
Wood,gaylord A JR
Warranty Deed
$247,776 · Dahl John P Trust (pt)
—
—
Gaylord A Wood
—
Deed Of Trust
related
$88,000 · Harbor Fsb
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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