Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,645,000
Warehouses
263 Nova Rd Ormond Beach, FL 32174-6116
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3996578
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
94,926 SF
Lot
3.85 ac (167,701 SF)
Zoning code
B8
APN
4221-00-02-0101
UPID
US18-3996578
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
-
All Aboard Storage Storage Facility
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.60M
CAP Approach
CAP
$14.42M
Comparable Approach
Comparable
$12.39M
Blend (final)
Blend
$11.65M
Owner & transaction history
Masonova LLC · 3 yrs held
Masonova LLC
since 2022
Last sale
$11.7M
3 recorded transactions
Zoning & alternative use
B8 · Ormond Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$17.0M
+45.9%
Commercial (general)
$15.8M
+35.7%
Retail stores
$15.0M
+28.7%
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
$8,715,000
ML approach
$9,595,000
CAP Approach
CAP Return
Estimation
6%
$15,615,000
6.5%
$14,415,000
7%
$13,385,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,645,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$16,995,000
Change: +46% · Conversion: Moderate
COMMERCIAL (GENERAL)
$15,800,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$14,990,000
Change: +29% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$12,310,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$11.65M
Range $10.48M – $12.81M · ±10% · vs last sale $11.70M (Aug 8 2022)
Last sale anchor
$11.70M
Aug 8 2022
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
$123 / 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
$160,369
Tax year 2023
Assessed value
$9,033,894
Assessed 2023
Previous assessed
$9,033,894
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$1,509,309
Assessed improvement
$7,524,585
Land market value
$1,509,309
Improvement market value
$7,524,585
Total market value
$9,033,894
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Total area
94,926 SF
Lot
3.85 ac (167,701 SF)
Zoning code
B8
APN
4221-00-02-0101
UPID
US18-3996578
Jurisdiction
VOLUSIA
Zoning & alternative use
B8 · Ormond Beach, FLZoning B8 · permitted uses
B8 · Ormond Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$11.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.0M
COMMERCIAL (GENERAL)
Est. value
$15.8M
RETAIL STORES
Est. value
$15.0M
INDUSTRIAL (GENERAL)
Est. value
$12.3M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Lot
3.85 ac
Current owner
From public records · entity-resolved
Masonova LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5111 S RIDGEWOOD AVE STE #201, PORT ORANGE, FL 32127-5170
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2022
$11,700,000
Masonova LLC
Nova Road Ccss LLC
Special Warranty Deed
—
Nov 17, 2020
$750,000
Nova Road Ccss LLC
Ormond Power Properties LLC
Warranty Deed
$5,999,070 · United Community Bank
Jul 3, 2006
$1,150,000
Ormond Power Properties LLC
Fernwood Associates INC
Warranty Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 263 Nova Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
