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Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Turn key restaurants
2444 Ocean Shr Blvd Flagler Beach, FL 32136-4019
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0304796
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,825 SF
Lot
0.42 ac (18,121 SF)
Zoning code
TC
APN
19-12-32-0150-00010-0050
UPID
US18-0304796
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
$2.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$2.25M
Owner & transaction history
Ellie Hansen · 2 yrs held
Ellie Hansen
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
TC · Flagler Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+56.4%
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
$2,250,000
ML approach
$2,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,630,000
Current use
COMMERCIAL (GENERAL)
$2,550,000
Change: +56% · Conversion: Easy
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±10% · vs last sale $2.25M (Feb 5 2024)
Last sale anchor
$2.25M
Feb 5 2024
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
$466 / 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
$16,059
Tax year 2023
Assessed value
$1,106,678
Assessed 2023
Previous assessed
$703,990
+57.2% YoY
Effective rate
1.45%
On assessed value
Assessed land
$883,622
Assessed improvement
$223,056
Land market value
$883,622
Improvement market value
$223,056
Total market value
$1,106,678
Applied tax rate
21.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
4,825 SF
Lot
0.42 ac (18,121 SF)
Zoning code
TC
APN
19-12-32-0150-00010-0050
UPID
US18-0304796
Jurisdiction
FLAGLER
Zoning & alternative use
TC · Flagler Beach, FL
Zoning TC · permitted uses
TC · 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
RESTAURANT Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RESTAURANT Current
COMMERCIAL (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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Ellie Hansen
Individual
Mailing address
24 COLLINGDALE CT, PALM COAST, FL 32137-8923
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2024
—
Ellie Hansen
The Beach Front Grille INC
Quit Claim Deed
related
$756,250 · Frederic Beutlich
Feb 2, 2024
$2,250,000
The Beach Front Grille INC
Absente 5 LLC
Special Warranty Deed
—
Jun 21, 2011
$425,000
Absente 5 LLC
Surety Bk
Warranty Deed
—
Dec 20, 2010
$1,309,300
Surety Bk
Pjrj LLC
Warranty Deed
related
—
Nov 2, 2005
$1,550,000
Pjrj LLC
G & P Associates Holdings LLC
Warranty Deed
$1,400,000 · Surety Bank NA
Jul 9, 2004
$393,000
G & P Associates Holdings LLC
Evans Ocean View Restaurant
Grant Deed
related
—
Oct 27, 2003
—
Evans Ocean View Restaurant
Evans,gregory F & Dina M
Quit Claim Deed
related
—
Dec 16, 1997
$365,000
Gregory F Evans
Ti-fi INC
Grant Deed
$85,000 · Seller
—
—
Gregory F Evans
—
Deed Of Trust
related
$650,000 · G & P Associates Holding LLC
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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