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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Investment properties
301 Division Ave 23 Ormond Beach, FL 32174-8827
Entity Owned
2-yr Hold
Free & Clear
Property ID
US19-0890366
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2001
Construction
TYPE NOT SPECIFIED
Total area
5,480 SF
Lot
0.11 ac (5,000 SF)
APN
4241-38-00-0230
UPID
US19-0890366
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
-
Electric Cains Electrical Service General Contractor
-
Buckman Engineering Inc General Contractor
-
Ormond Brewing Company Production Facility Brewery & Distillery
-
Electron Beam Solutions General Contractor
-
Bikers Pride Inc. Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$701k
Blend (final)
Blend
$800k
Owner & transaction history
Division Warehouse 3 LLC · 2 yrs held
Division Warehouse 3 LLC
since 2024
Last sale
$800,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$980,000
+7.6%
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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$1,130,000
6.5%
$1,040,000
7%
$965,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$910,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$980,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$865,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Jul 18 2024)
Last sale anchor
$800k
Jul 18 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
$146 / 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
$6,168
Tax year 2023
Assessed value
$441,311
Assessed 2023
Previous assessed
$414,030
+6.6% YoY
Effective rate
1.40%
On assessed value
Assessed land
$81,250
Assessed improvement
$360,061
Land market value
$81,250
Improvement market value
$360,061
Total market value
$441,311
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
2001
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
YES
Stories
2
Total area
5,480 SF
Lot
0.11 ac (5,000 SF)
APN
4241-38-00-0230
UPID
US19-0890366
Jurisdiction
VOLUSIA
Zoning & alternative use
Zoning · permitted uses
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
COMMERCIAL (GENERAL) Current
Est. value
$910,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$980,000
RETAIL STORES
Est. value
$865,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2001
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Division Warehouse 3 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1451 N US HWY 1ST ST STE #13, ORMOND BEACH, FL 32174-0705
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
$800,000
Division Warehouse 3 LLC
S & T Development Of Volusia County
Warranty Deed
—
Sep 21, 2016
$270,000
S & T Dev Of Volusia Cnty INC
Dlmds Properties LLC
Warranty Deed
—
Aug 24, 2007
$399,000
Dlmds Properties LLC
Rossmeyer Holdings LLC
Warranty Deed
$339,150 · Florida Capital Bank NA
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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