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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    213 2Nd St, Unit 9 Flagler Beach, FL 32136

    • Strip malls
    • 9,818 SF
    • 0.41 lot acres
    For Lease
    View listing
    $33,252
    Last Sale
    Jan 05, 2023
    $1,550,000
    Value Estimations
    $1,920,000
    Cap Rate Potential
    7.3%
    Strip malls
    Location Intelligence
    Property ID
    US18-2993998
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by 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

    Property Details for 213 2Nd St

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.41 lot acres
    Property size
    9,818 SF
    Zone code
    GC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    12-12-31-4500-00330-0040
    APU
    1212314500003300040

    Value 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
      OFFICE BUILDING
      $1,900,000
      RESTAURANT
      $1,605,000
      INDUSTRIAL (GENERAL)
      $1,515,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Flagler Beach
    County
    Flagler
    State
    Florida
    Longitude
    -81.1286
    Latitude
    29.4796
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,762
    $0.00
    $495,000
    $495,000
    -
    $0.00
    $495,000
    $495,000

    Comparable in this City

    • Value Estimation by Request
      12,040 SF

      101 Central Ave

      SHOPPING CENTER, STRIP CENTER • 12,040 SF
      101 Central Ave, Flagler Beach, FL 32136-3391
      View Details
    • Value Estimation
      $510,000
      6,993 SF

      99 Old Kings S Rd

      SHOPPING CENTER, STRIP CENTER • 6,993 SF
      99 Old Kings S Rd, Flagler Beach, FL 32136-4317
      View Details
    • Value Estimation by Request
      3,894 SF

      2201 Ocean Shr Blvd

      SHOPPING CENTER, STRIP CENTER • 3,894 SF
      2201 Ocean Shr Blvd, Flagler Beach, FL 32136-2801
      View Details
    • Value Estimation
      $515,000
      16,079 SF

      307 2nd St

      SHOPPING CENTER, STRIP CENTER • 16,079 SF
      307 2nd St, Flagler Beach, FL 32136-3676
      View Details
    • Value Estimation by Request
      2,863 SF

      1842 Ocean Shr Blvd

      SHOPPING CENTER, STRIP CENTER • 2,863 SF
      1842 Ocean Shr Blvd, Flagler Beach, FL 32136-3802
      View Details
    • Value Estimation by Request
      2,160 SF

      105 Ocean Shr Blvd

      SHOPPING CENTER, STRIP CENTER • 2,160 SF
      105 Ocean Shr Blvd, Flagler Beach, FL 32136-3315
      View Details

    Similar Nearby for Sale

    • $6,000,000
      9,285 SF

      101 Oceanshore Blvd

      Lifestyle centers • 9,285 SF
      101 Oceanshore Blvd, Flagler Beach, FL 32136
      View Details
    • $2,900,000
      3,000 SF

      Oceanfront Flagler Beach Hotel

      Prime Beachfront Motel, Investment Opportunity
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      View Details
    • $350,000
      0.12 Acres

      FLAGLER BEACH Parking Lot Land

      Parking lot for sale in FLAGLER BEACH, Florida.
      111 S 12Th St, Flagler Beach, FL 32136
      View Details
    • $1,495,000
      1,633 SF

      Flagler Beach Commercial Investment Opportunity

      Double lot on A1A with multiple commercial possibilities.
      2299 N Ocean Shr Blvd, Flagler Beach, FL 32136
      View Details
    • New
      $1,850,000
      3,000 SF

      Oceanfront Commercial Property in Flagler

      Rare oceanfront commercial property with redevelopment potential in Flagler Beach.
      1204 S Ocean Shr Blvd, Flagler Beach, FL 32136
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    • New
      $350,000
      0.12 Acres

      Flagler Beach Parking Lot Land

      Parking lot for sale in Flagler Beach, Florida.
      111 S 12Th St, Flagler Beach, FL 32136
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Publix-Anchored Center

      Retail space available in Flagler Beach, close to historic beaches.
      400-428 Beach Village Dr, Flagler Beach, FL 32136
      View Details
    • $33,252

      Downtown Flagler Beach Commercial Building

      Prime commercial space in the heart of Flagler Beach.
      213 27Th St, Flagler Beach, FL 32136
      View Details
    • $2,000 /Mo
      676 SF

      Retail Space Near Compass Hotel

      Retail space near Compass Hotel, two blocks from the pier.
      212 S Daytona Ave, Flagler Beach, FL 32136
      View Details
    • $2,000 /Mo
      676 SF

      Prime Retail Space Near Pier

      Storefront in growing Flagler Beach, near new hotel and pier.
      212 S Daytona Ave, Flagler Beach, FL 32136
      View Details
    • $2,250 /Mo
      4,312 SF

      Renovated Mixed-Use Space Near Pier

      Newly renovated mixed-use space near Flagler pier and Margaritaville Hotel.
      209 S 2Nd St, Flagler Beach, FL 32136
      View Details
    • $33,252

      Downtown Flagler Beach Commercial Building

      Prime commercial space in the heart of Flagler Beach!
      213 2Nd St, Flagler Beach, FL 32136
      View Details
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    Flagler Beach, FL 32136
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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