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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Investment properties
240 Atlantic Ave Ormond Beach, FL 32176-8150
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-5571197
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,485 SF
Lot
0.51 ac (22,080 SF)
Zoning code
B7
APN
4214-17-05-0010
UPID
US18-5571197
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
-
Ormond Beach Real Estate & Homes For Sale Real Estate Agency
-
Florida Pros Real Estate Agency
-
New Horizons Exchange Association Or Organization
-
Florida Pros Realty Services Real Estate Agency
-
Attorneys Title & Trust Sevices Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$830k
Owner & transaction history
Ainsworth Properties LLC · 7 yrs held
Ainsworth Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
B7 · Ormond Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+19.8%
Neighborhood: shopping center
$1.3M
+19.7%
Retail stores
$1.2M
+5.0%
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 Ormond Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ormond 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,120,000
Current use
MEDICAL BUILDING
$1,340,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,340,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$1,175,000
Change: +5% · Conversion: Easy
INDUSTRIAL (GENERAL)
$970,000
Change: -13% · Conversion: Moderate
WAREHOUSE, STORAGE
$920,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$111 / 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
$10,419
Tax year 2023
Assessed value
$638,037
Assessed 2023
Previous assessed
$803,242
-20.6% YoY
Effective rate
1.63%
On assessed value
Assessed land
$209,760
Assessed improvement
$428,277
Land market value
$209,760
Improvement market value
$428,277
Total market value
$638,037
Applied tax rate
201.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
4
Total area
7,485 SF
Lot
0.51 ac (22,080 SF)
Zoning code
B7
APN
4214-17-05-0010
UPID
US18-5571197
Jurisdiction
VOLUSIA
Zoning & alternative use
B7 · Ormond Beach, FL
Zoning B7 · permitted uses
B7 · Ormond Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ormond Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$970,000
WAREHOUSE, STORAGE
Est. value
$920,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.51 ac
Current owner
From public records · entity-resolved
Ainsworth Properties LLC
Entity
Mailing address
PO BOX 110876, NAPLES, FL 34108-0115
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2018
—
Ainsworth Properties LLC
Ainsworth,keith
Quit Claim Deed
related
—
Jul 17, 2017
$827,500
Keith Ainsworth
240 South Atlantic LLC
Grant Deed
—
Jun 13, 2014
$100,867
240 South Atlantic LLC
240 Atlantic LLC
Grant Deed
related
$450,000 · First Sthrn Bk
Jan 26, 2012
—
240 Atlantic LLC
Redus Florida Commercial LLC
Grant Deed
—
Feb 28, 2011
—
Redus Florida Commercial LLC
Ocean Waters Land Co LLC
Quit Claim Deed
related
—
Jul 22, 2009
—
Bray & Gillespie LLC Li
—
Deed Of Trust
related
$35,423,296 · Wachovia Bank NA
Aug 17, 2006
$1,500,000
Bray & Gillespie LLC Li
Samuel F Puckett
Warranty Deed
$1,190,000 · Wachovia Bank NA
—
—
240 Atlantic LLC
—
Deed Of Trust
related
$280,000 · First Southern 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.
Try Rey
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