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Property profile & analytics
FOR LEASE
Parking lots & garages
3624 S Atlantic Ave Daytona Beach Shores, FL 32118
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0534553
For Lease
1 / 7
$350/Mo
3624 S Atlantic Ave, Daytona Beach Shores, FL 32118
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,132 SF
Lot
0.24 ac (10,500 SF)
Zoning code
GC
APN
6302-05-10-0110
UPID
US19-0534553
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
-
HIG Insurance Insurance Agency
-
Beachside Title Insurance Agency
-
Ardd + Winter Daytona Beach Corporate Office
-
Coastal Lending Services Inc Financial Advisor
-
Matthew Beaudet NMLS#2141846 Coastal Lending Services, Inc. Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.12M
Owner & transaction history
Obrien Real Estate LLC · 3 yrs held
Obrien Real Estate LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
GC · Daytona Beach, FL
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 Daytona Beach Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daytona Beach Shores 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
$1,040,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10% · vs last sale $1.13M (Oct 24 2022)
Last sale anchor
$1.13M
Oct 24 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
$182 / 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
$10,826
Tax year 2023
Assessed value
$640,157
Assessed 2023
Previous assessed
$561,736
+14.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$115,500
Assessed improvement
$524,657
Land market value
$115,500
Improvement market value
$524,657
Total market value
$640,157
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Lease
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
8
Total area
6,132 SF
Lot
0.24 ac (10,500 SF)
Zoning code
GC
APN
6302-05-10-0110
UPID
US19-0534553
Jurisdiction
VOLUSIA
Zoning & alternative use
GC · Daytona Beach, FL
Zoning GC · permitted uses
GC · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Daytona Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
8
Lot
0.24 ac
Current owner
From public records · entity-resolved
Obrien Real Estate LLC
Entity
Mailing address
181 ALEATHA DR, DAYTONA BEACH, FL 32114-5870
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2022
$1,125,000
Obrien Real Estate LLC
Riverside 3624 LLC
Warranty Deed
$880,000 · Grow Financial FCU
May 13, 2021
$450,000
Riverside 3624 LLC
Crane INC
Warranty Deed
—
Apr 27, 2012
$450,000
Crane INC Of Volusia
Edenfield,richard M & Sandra W
Warranty Deed
—
Jun 24, 2011
$100
Richard M Edenfield
Sotolongo,jim Coc
Trustees Deed
related
—
Sep 14, 2009
—
Abdul Rifai
Sotolongo,jim
Quit Claim Deed
related
—
Sep 19, 2008
—
Jim Sotolongo
Sotolongo,jim
Quit Claim Deed
related
$850,000 · Richard M & Sandra W Edenfield
Apr 10, 2007
—
Abdul Rifai
Mencis,christopher J
Quit Claim Deed
related
—
Aug 19, 2005
$850,000
Christopher J Mencis
Fdn Lc
Warranty Deed
$760,275 · Fdn Lc
Aug 5, 1998
$270,000
Fdn Lc
Smith,grover T
Grant Deed
$106,000 · Seller
—
—
Christopher J Mencis
—
Deed Of Trust
related
$100,000 · Richard M & Sandra W Edenfield
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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