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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Bars & Pubs
3501 Atlantic Ave Daytona Beach, FL 32118-7640
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2245089
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1973
Construction
CONCRETE
Total area
6,426 SF
Lot
0.07 ac (2,926 SF)
APN
6302-01-01-0011
UPID
US18-2245089
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
-
Daytona Beach Realty Network Real Estate Agency
-
Beachside Studio Condo - Cozy Couples Getaway - Daytona Beach Shores Vacation Rental Real Estate Agency
-
Beachside Studio Condo - Romantic Getaway - Daytona Beach Shores Travel Agency Vacation Rental
-
Rosser Roofing Solutions Roofing Company General Contractor
-
Pirate's Cove Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.34M
Owner & transaction history
3501 Pirates Cove LLC · 5 yrs held
3501 Pirates Cove LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.9M
+38.7%
Auto repair, garage
$1.6M
+15.8%
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
$1,115,000
ML approach
$1,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,380,000
Current use
WAREHOUSE, STORAGE
$1,910,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,595,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,365,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$1,255,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,160,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±10% · vs last sale $1.50M (Jun 21 2021)
Last sale anchor
$1.50M
Jun 21 2021
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
$209 / 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
$4,530
Tax year 2023
Assessed value
$267,858
Assessed 2023
Previous assessed
$711,625
-62.4% YoY
Effective rate
1.69%
On assessed value
Assessed land
$131,670
Assessed improvement
$136,188
Land market value
$131,670
Improvement market value
$136,188
Total market value
$267,858
Applied tax rate
403.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
6,426 SF
Lot
0.07 ac (2,926 SF)
APN
6302-01-01-0011
UPID
US18-2245089
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
RESTAURANT Current
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
COMMERCIAL (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
1973
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
3501 Pirates Cove LLC
Entity
Mailing address
220 PRINTERS ALY, NASHVILLE, TN 37201-1403
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2021
$1,500,000
3501 Pirates Cove LLC
Light House Restaurant Group LLC
Warranty Deed
$1,000,000 · Km O Donnell Family Holdings LLC
Oct 28, 2014
—
Lighthouse Restaurant Group Ll
C & R Investment Trust
Grant Deed
—
Nov 21, 2012
$100,000
C & R Investment Trust
Perry,april
Warranty Deed
—
Jun 1, 2012
$200,000
Florida Cmnty Bk
Coastal Bk
Grant Deed
related
—
May 18, 2011
—
Coastal Bk
Ciener,david M Coc
Trustees Deed
related
—
Sep 26, 2007
$550,000
Pirates Cove Volusia County C
Pioneer Inv Of Volusia Cnty Corp
Warranty Deed
$500,000 · Pioneer Inv/volusia Cnty Corp
May 16, 2007
$400,000
Pirates Cove Volusia County
Pirates Cove INC
Warranty Deed
related
$200,000 · Pirates Cove INC
Sep 7, 2006
$60,000
Pioneer Inv Of Volusia Cnty Corp
Pirates Cove INC
Quit Claim Deed
related
—
Jul 26, 2004
$425,000
David M Ciener
Pirates Cove INC
Warranty Deed
$150,000 · Coastal 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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