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Property profile & analytics
OFF-MARKET
Medical Office Space
305 Clyde Morris Blvd 1 Ormond Beach, FL 32174-8181
Entity Owned
7-yr Hold
Property ID
US19-0610420
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,200 SF
Lot
0.05 ac (2,200 SF)
APN
4229-10-0A-0010
UPID
US19-0610420
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
-
Community Pharmacy Of Ormond Beach Pharmacy
-
Gerard G. Biagetti, PTA Physician
-
Melanie A. Burns, PTA Physician
-
Jennifer M. Green, PTA Physician
-
Peninsula Research Inc Research Institute
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shree Hari Properties LLC · 7 yrs held
Shree Hari Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,175
Tax year 2023
Assessed value
$316,951
Assessed 2023
Previous assessed
$295,014
+7.4% YoY
Effective rate
1.63%
On assessed value
Assessed land
$59,400
Assessed improvement
$257,551
Land market value
$59,400
Improvement market value
$257,551
Total market value
$316,951
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
2,200 SF
Lot
0.05 ac (2,200 SF)
APN
4229-10-0A-0010
UPID
US19-0610420
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
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Shree Hari Properties LLC
Entity
Mailing address
4725 HIGH OAK CT, ORLANDO, FL 32819-3565
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2018
$375,000
Shree Hari Properties LLC
M & M Property Management LLC
Warranty Deed
$281,250 · Seacoast National Bank
Apr 17, 2013
$385,000
M & M Property Management LLC
Brownlee Dev LLC
Warranty Deed
$316,000 · Reunion Bank Of Florida
Sep 26, 2007
$472,500
Brownlee Dev LLC
Gml Ents LLC
Warranty Deed
—
Mar 28, 2003
$213,000
Scott Lunsford
Mdss INC
Grant Deed
$477,600 · Harbor Fsb
Mar 20, 2003
$315,000
Stephen A Sevigny
Mdss INC
Grant Deed
—
—
—
M & M Property Management LLC
—
Loan Modification
related
$714,174 · Reunion Bk/fl
—
—
Gml Ents LLC
—
Deed Of Trust
related
$650,000 · Friends Bank
—
—
Gml Ents LLC
—
Deed Of Trust
related
$100,000 · Sunshine State Community Bank
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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