Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2444 Ocean Shr Blvd Flagler Beach, FL 32136-4019
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2444 Ocean Shr Blvd Flagler Beach, FL 32136-4019

    View on Map
    • Turn key restaurants
    • 4,825 SF
    • 0.42 lot acres
    Off-Market
    Last Sale Feb 5, 2024
    $2,250,000
    Property ID
    US18-0304796
    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.
    Value Estimations
    $2,250,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 2444 Ocean Shr Blvd

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.42 lot acres
    Property size
    4,825 SF
    Zone code
    TC
    Property type
    Turn key restaurants
    APN
    19-12-32-0150-00010-0050
    APU
    1912320150000100050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,250,000
      ML approach
      $2,250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,684,000
      Market price range: $731k - $2.07M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,630,000
      Current use
      COMMERCIAL (GENERAL)
      $2,550,000
      Change: +56% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Flagler Beach
    County
    Flagler
    State
    Florida
    Longitude
    -81.1139
    Latitude
    29.4512
    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
    $16,059
    $883,622
    $223,056
    $1,106,678
    -
    $883,622
    $223,056
    $1,106,678

    Comparable in this City

    • Value Estimation
      $1,825,000
      6,893 SF

      2000 Ocean Shr Blvd

      RESTAURANT • 6,893 SF
      2000 Ocean Shr Blvd, Flagler Beach, FL 32136-3905
      View Details
    • Value Estimation by Request
      3,712 SF

      180 Daytona Ave

      RESTAURANT • 3,712 SF
      180 Daytona Ave, Flagler Beach, FL 32136-3609
      View Details
    • Value Estimation
      $880,000
      4,397 SF

      501 Ocean Shr Blvd

      RESTAURANT • 4,397 SF
      501 Ocean Shr Blvd, Flagler Beach, FL 32136-3311
      View Details
    • Value Estimation
      $690,000
      3,326 SF

      820 Moody Ln

      RESTAURANT • 3,326 SF
      820 Moody Ln, Flagler Beach, FL 32136-3507
      View Details
    • Value Estimation
      $1,690,000
      2,079 SF

      608 Ocean Shr Blvd

      RESTAURANT • 2,079 SF
      608 Ocean Shr Blvd, Flagler Beach, FL 32136-3667
      View Details
    • Value Estimation
      $1,125,000
      1,971 SF

      1005 Ocean Shr Blvd

      RESTAURANT • 1,971 SF
      1005 Ocean Shr Blvd, Flagler Beach, FL 32136-3104
      View Details

    Similar Nearby for Sale

    • $1,799,000
      5,632 SF

      Prime Commercial Corner Lot Opportunity

      High-traffic location near Margaritaville Hotel, suitable for various businesses.
      180 S Daytona Ave, Flagler Beach, FL 32136
      View Details
    • $1,600,000
      4,866 SF

      Oceanfront Motel in Flagler Beach

      Boutique motel on 100' of Florida's beautiful beaches.
      1316 S Ocean Shr Blvd, Flagler Beach, FL 32136
      View Details
    • $1,790,000
      2,736 SF

      Flagler Beach Commercial Opportunity

      Mixed-use property with ocean views, Airbnb units, and commercial tenants.
      701 N Ocean Shr Blvd, Flagler Beach, FL 32136
      View Details
    • $1,690,000
      2,736 SF

      Flagler Beach Oceanfront Commercial Property

      Unique commercial property with ocean views and income potential.
      701 N Ocean Shr Blvd, 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
    • $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
    • $2,500 /Mo
      2,252 SF

      Furnished Office Space For Rent

      Furnished office space available for rent in Flagler Beach.
      300 N 2Nd St, Flagler Beach, FL 32136
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2444 Ocean Shr Blvd
    Flagler Beach, FL 32136-4019
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!