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    250 Atlantic Ave Ormond Beach, FL 32176-8150
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    Property profile & analytics

    250 Atlantic Ave, Ormond Beach, FL 32176-8150

    View on Map
    • Drive through restaurants
    • 2,864 SF
    • 0.76 lot acres
    Off-Market
    Last Sale Jan 7, 2022
    $675,000
    Property ID
    US18-0324782
    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
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dunkin' / Cafe & Coffee Shop

    Property Details for 250 Atlantic Ave

    Year built
    1976
    Construction
    WOOD
    Lot size
    0.76 lot acres
    Zone code
    B7
    Property type
    Drive through restaurants
    APN
    4214-18-05-0010
    APU
    421418050010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 7, 2022 $675,000 Afshari 250 LLC Schiff Enterprises Warranty Deed $574k · Ameris Bank
    Dec 6, 2013 $575,000 Ents Schiff 240 Atlantic LLC Warranty Deed —
    Dec 3, 2012 — 240 Atlantic LLC Redus Florida Commercial LLC Grant Deed —
    Dec 23, 2010 — Redus Florida Commercial LLC Ocean Waters Asset Co LLC Quit Claim Deed · related —
    Jan 26, 2006 $1,750,000 Bray & Gillespie Xxxiv LLC Ral LLC Grant Deed —
    Jul 8, 2002 $153,750 Ral LLC Reaves,morris G Grant Deed $497k · Coquina Bank
    — — Ral LLC — Deed Of Trust · related $800k · Athens First Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $540,000
      ML approach
      $515,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $391,000
      Market price range: $98.0k - $448k

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0375
    Latitude
    29.2852
    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
    $10,338
    $263,800
    $369,284
    $633,084
    -
    $263,800
    $369,284
    $633,084

    Comparable in this City

    • Value Estimation by Request
      1,120 SF

      839 Atlantic Ave, Unit 128UT

      DRIVE-THRU RESTAURANT, FAST FOOD
      839 Atlantic Ave, Ormond Beach, FL 32176-7816
      View Details
    • Value Estimation by Request
      1,866 SF

      1190 Ocean Shr Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      1190 Ocean Shr Blvd, Ormond Beach, FL 32176-3730
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    • Value Estimation by Request
      6,711 SF

      794 Atlantic Ave

      RESTAURANT
      794 Atlantic Ave, Ormond Beach, FL 32176-7880
      View Details
    • Value Estimation by Request
      2,400 SF

      1088 Ocean Shr Blvd

      BAR, TAVERN
      1088 Ocean Shr Blvd, Ormond Beach, FL 32176-4180
      View Details
    • Value Estimation
      $1,650,000
      4,267 SF

      58 Granada Blvd

      RESTAURANT
      58 Granada Blvd, Ormond Beach, FL 32176-6536
      View Details
    • Value Estimation by Request
      1,848 SF

      210 Atlantic Ave

      RESTAURANT
      210 Atlantic Ave, Ormond Beach, FL 32176-8165
      View Details

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      2,400 SF

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      Ormond Beach Convenience Store Space

      3,200 SF open retail space on A1A.
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      3,200 SF

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      Retail Space at Granada Pointe

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      Prime Beachside Business Opportunity

      Two-story commercial space in Ormond Beach, high visibility location.
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      Ormond Beach Retail Space Available

      High-visibility retail space in redeveloped ALDI-anchored center on Granada Boulevard.
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      Prime Retail Space Near Ocean

      107,066 SF retail space with high visibility and traffic.
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      1,780 SF

      Retail Space in Ormond Beach

      Retail space available in a busy Ormond Beach shopping center.
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      Ormond Beach Retail Space Available

      Retail space for lease in Ormond Beach, anchored by Publix.
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    Property Visit Statistics

    • Visits by month
      15.3k
    • Visitors by month
      8.4k
    • Avg Time on site
      7 min
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    Ormond Beach, FL 32176-8150
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    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
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