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Property profile & analytics
OFF-MARKET
Medical Office Space
223 Cswy Cswy 1 New Smyrna Beach, FL 32169-5239
Entity Owned
~
Est. High Equity
Property ID
US18-5505790
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,384 SF
Lot
0.46 ac (20,000 SF)
Zoning code
B6
APN
7408-01-00-0370
UPID
US18-5505790
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sp Causeway LLC
Sp Causeway LLC
since 2025
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
B6 · New Smyrna Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,045
Tax year 2023
Assessed value
$741,188
Assessed 2023
Previous assessed
$692,347
+7.1% YoY
Effective rate
1.76%
On assessed value
Assessed land
$196,350
Assessed improvement
$544,838
Land market value
$196,350
Improvement market value
$544,838
Total market value
$741,188
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
4,384 SF
Lot
0.46 ac (20,000 SF)
Zoning code
B6
APN
7408-01-00-0370
UPID
US18-5505790
Jurisdiction
VOLUSIA
Zoning & alternative use
B6 · New Smyrna Beach, FL
Zoning B6 · permitted uses
B6 · New Smyrna Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Smyrna Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Sp Causeway LLC
Entity
Mailing address
223 N CSWY CAUSEWAY, NEW SMYRNA BEACH, FL 32169-5239
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Dec 16, 2025
$2,575,000
Sp Causeway LLC
Florida Life Real Estate LLC
Warranty Deed
$2,075,000 · Florida Life Real Estate LLC
Jun 19, 2020
—
Florida Life Real Estate LLC
—
Deed
related
$1,025,000 · Regions Bank
Sep 17, 2019
$835,000
Florida Life Real Estate LLC
Mercurio,lynne P
Warranty Deed
$685,000 · Lynne P Mercurio
Jun 14, 2019
$100
Lynne P Mercurio
Mercurio,lynne P & Alexa N
Quit Claim Deed
related
—
Jun 27, 2017
—
Lynne P Mercurio
Mercurio,lynne P
Quit Claim Deed
related
—
Nov 15, 2016
—
Lynne P Mercurio
Mercurio,lynne P & Gregory J
Quit Claim Deed
related
—
Dec 21, 2000
$174,000
Gregory J Mercurio
Cecil Goodrich & Associates
Grant Deed
$139,200 · Regions 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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