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Property profile & analytics
OFF-MARKET
Estimated value
$1,920,000
Strip malls
213 2nd St Flagler Beach, FL 32136-6610
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2993998
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,818 SF
Lot
0.41 ac (17,990 SF)
Zoning code
GC
APN
12-12-31-4500-00330-0040
UPID
US18-2993998
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
-
Yes Coffee Cafe & Coffee Shop
-
Albert Esposito & Associates, Inc Real Estate Agency
-
Uncork'd Bar & Pub
-
MELANIE PROVENCHER, THE SELBY GROUP, INC. Real Estate Agency
-
Golden Hour Beauty Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
$2.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.92M
Owner & transaction history
Faith In Christmas Miracles LLC · 3 yrs held
Faith In Christmas Miracles LLC
since 2023
Last sale
$1.6M
2 recorded transactions
Zoning & alternative use
GC · Flagler Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+210.7%
Office building
$1.9M
+190.0%
Restaurant
$1.6M
+144.9%
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
$2,110,000
ML approach
$2,035,000
CAP Approach
CAP Return
Estimation
6%
$2,555,000
6.5%
$2,360,000
7%
$2,190,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,035,000
Change: +211% · Conversion: Easy
OFFICE BUILDING
$1,900,000
Change: +190% · Conversion: Moderate
RESTAURANT
$1,605,000
Change: +145% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,515,000
Change: +131% · Conversion: Difficult
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±10% · vs last sale $1.55M (Jan 5 2023)
Last sale anchor
$1.55M
Jan 5 2023
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
$196 / 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
$9,762
Tax year 2023
Assessed value
$495,000
Assessed 2023
Previous assessed
$495,000
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed improvement
$495,000
Improvement market value
$495,000
Total market value
$495,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
9,818 SF
Lot
0.41 ac (17,990 SF)
Zoning code
GC
APN
12-12-31-4500-00330-0040
UPID
US18-2993998
Jurisdiction
FLAGLER
Zoning & alternative use
GC · Flagler Beach, FL
Zoning 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
Flagler Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
RESTAURANT
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
INDUSTRIAL (GENERAL)
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Faith In Christmas Miracles LLC
Entity
Mailing address
2556 N OCEAN SHR BLVD, FLAGLER BEACH, FL 32136-2765
Ownership since
2023
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
Jan 5, 2023
$1,550,000
Faith In Christmas Miracles LLC
Madonna Palmadesso Bogus
Warranty Deed
$2,325,000 · Intracoastal Bank
Aug 12, 2004
—
Peter Palmadesso
Flagler Ents INC
Quit Claim 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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