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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Retail space
2360 State Rd 44 New Smyrna Beach, FL 32168-8208
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-5832583
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
WOOD
Total area
9,574 SF
Lot
2.56 ac (111,448 SF)
Zoning code
R3
APN
7343-06-00-0290
UPID
US18-5832583
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
$1.39M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.68M
Owner & transaction history
Platinum Holdings 2012 LLC · 13 yrs held
Platinum Holdings 2012 LLC
since 2013
6 recorded transactions
Zoning & alternative use
R3 · New Smyrna Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+11.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,505,000
6.5%
$1,385,000
7%
$1,290,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,140,000
Current use
AUTO REPAIR, GARAGE
$2,380,000
Change: +11% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,985,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$1,780,000
Change: -17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,715,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±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
$175 / 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
$35,569
Tax year 2023
Assessed value
$1,849,550
Assessed 2023
Previous assessed
$1,764,505
+4.8% YoY
Effective rate
1.92%
On assessed value
Assessed land
$1,018,704
Assessed improvement
$830,846
Land market value
$1,018,704
Improvement market value
$830,846
Total market value
$1,849,550
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
9,574 SF
Lot
2.56 ac (111,448 SF)
Zoning code
R3
APN
7343-06-00-0290
UPID
US18-5832583
Jurisdiction
VOLUSIA
Zoning & alternative use
R3 · New Smyrna Beach, FL
Zoning R3 · permitted uses
R3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2012
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.56 ac
Current owner
From public records · entity-resolved
Platinum Holdings 2012 LLC
Entity
Mailing address
8989 S ORANGE AVE, ORLANDO, FL 32824-7904
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2013
$3,178,916
Platinum Holdings 2012 LLC
Abc Liquors INC
Warranty Deed
$2,066,000 · Fifth Third Bank
Dec 14, 2011
—
Abc Liquors INC
Village Acquisitions LLC
Quit Claim Deed
related
—
Aug 25, 2008
$1,500,000
Abc Liquors INC
Village Acquisitions LLC
Grant Deed
—
Aug 25, 2008
—
Village Acquisitions LLC
—
Trustees Deed
related
$1,548,850 · Colonial Bank
Jul 30, 2007
$2,477,500
Village Acquisitions LLC
Jack M Sapp
Warranty Deed
$1,548,850 · Colonial Bank NA
Jan 17, 2006
—
Stephen C Hall
Hall Barbara S Trust
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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