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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Medical Office Space
337 Clyde Morris Blvd Daytona Beach, FL 32114-2732
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-2076690
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,371 SF
Lot
0.5 ac (21,870 SF)
Zoning code
HM
APN
5238-44-08-0010
UPID
US18-2076690
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
-
Tots To Teens Healthcare Medical Clinic
-
Khorsandian Asphendiar MD Pediatrician Medical Clinic
-
Accident Doctor Group Daytona Beach Alternative Medicine Practice
-
Daytona Disc Center Medical Clinic
-
Momentum Medical Of Daytona Beach Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$619k
Blend (final)
Blend
$770k
Owner & transaction history
Hh Holdings INC · 2 yrs held
Hh Holdings INC
since 2023
Last sale
$890,000
7 recorded transactions
Zoning & alternative use
HM · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Hospital/Medical (HM) district is to accommodate primarily health care uses such as hospitals, medical clinics, medical labs, and medical treatment facilities. It also accommodates group living uses (assisted living facilities, community residential homes, hospice residential facilities)
Zone name
Hospital Medical
General category
CIVIC_INSTITUTIONAL
Zone area
144.38 ac
Source
Realmo
Top alternative use upside
Warehouse, storage
$705,000
+52.1%
Auto repair, garage
$590,000
+27.0%
Neighborhood: shopping center
$505,000
+8.5%
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 Daytona Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daytona 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
$740,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$530,000
7%
$495,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$465,000
Current use
WAREHOUSE, STORAGE
$705,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$590,000
Change: +27% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$505,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $890k (Sep 19 2023)
Last sale anchor
$890k
Sep 19 2023
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
$325 / 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
$6,624
Tax year 2023
Assessed value
$369,491
Assessed 2023
Previous assessed
$336,842
+9.7% YoY
Effective rate
1.79%
On assessed value
Assessed land
$99,235
Assessed improvement
$270,256
Land market value
$99,235
Improvement market value
$270,256
Total market value
$369,491
Applied tax rate
204.0000
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
4
Total area
2,371 SF
Lot
0.5 ac (21,870 SF)
Zoning code
HM
APN
5238-44-08-0010
UPID
US18-2076690
Jurisdiction
VOLUSIA
Zoning & alternative use
HM · Daytona Beach, FLZoning HM · permitted uses
HM · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Hospital/Medical (HM) district is to accommodate primarily health care uses such as hospitals, medical clinics, medical labs, and medical treatment facilities. It also accommodates group living uses (assisted living facilities, community residential homes, hospice residential facilities)
Zone name
Hospital Medical
General category
CIVIC_INSTITUTIONAL
Zone area
144.38 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$465,000
WAREHOUSE, STORAGE
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$590,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$505,000
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.5 ac
Current owner
From public records · entity-resolved
Hh Holdings INC
Entity
Mailing address
303 N CLYDE MORRIS BLVD, DAYTONA BEACH, FL 32114-2709
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
$890,000
Hh Holdings INC
Utter Properties LLC
Warranty Deed
—
Dec 28, 2022
—
Florida 109 Corp INC
—
Deed
related
$485,000 · Jay Starry
Jan 20, 2016
$465,000
Utter Properties LLC
Land Trust Properties LLC
Warranty Deed
$435,300 · Suntrust Bank
Mar 6, 2008
—
Douglas Park Land Trust
Khorsandian,asphendiar K
Warranty Deed
—
May 24, 2006
—
Asphendiar K Khorsandian
Khorsandian,layli R
Quit Claim Deed
related
—
—
—
Asphendiar K Khorsandian
—
Deed Of Trust
related
$47,000 · Suntrust Bank East Central Fl
—
—
Douglas,park Land Trust
—
Deed Of Trust
related
$152,000 · Khorsand & Shirin Khorsandian
—
—
Asphendiar Khorsandian
—
Deed Of Trust
related
$28,810 · Suntrust Bank East Central Fl
—
—
Asphendiar Khorsandian
—
Deed Of Trust
related
$25,000 · Suntrust Bank East Central Fl
—
—
Douglas Park Land Trust
—
Deed Of Trust
related
$220,000 · Khorsand & Shirian Khorsandian
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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