Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Retail space
3880 Nova Rd Port Orange, FL 32127-4949
Individually Owned
Free & Clear
Property ID
US18-1967861
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,152 SF
Lot
1 ac (43,662 SF)
Zoning code
PCD
APN
6309-12-00-0010
UPID
US18-1967861
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$823k
Blend (final)
Blend
$850k
Owner & transaction history
Martin Ellman
Martin Ellman
since 2026
Last sale
$985,000
5 recorded transactions
Zoning & alternative use
PCD · Port Orange, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$785,000
+47.0%
Warehouse, storage
$720,000
+35.4%
Neighborhood: shopping center
$670,000
+25.5%
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 Port Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Orange 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
$835,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$535,000
Current use
AUTO REPAIR, GARAGE
$785,000
Change: +47% · Conversion: Difficult
WAREHOUSE, STORAGE
$720,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$670,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$615,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$565,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $985k (Jul 12 2021)
Last sale anchor
$985k
Jul 12 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
$270 / 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
$12,822
Tax year 2023
Assessed value
$672,836
Assessed 2023
Previous assessed
$787,388
-14.5% YoY
Effective rate
1.91%
On assessed value
Assessed land
$320,916
Assessed improvement
$351,920
Land market value
$320,916
Improvement market value
$351,920
Total market value
$672,836
Applied tax rate
402.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
3,152 SF
Lot
1 ac (43,662 SF)
Zoning code
PCD
APN
6309-12-00-0010
UPID
US18-1967861
Jurisdiction
VOLUSIA
Zoning & alternative use
PCD · Port Orange, FL
Zoning PCD · permitted uses
PCD · Port Orange, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Orange. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$785,000
WAREHOUSE, STORAGE
Est. value
$720,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$670,000
MEDICAL BUILDING
Est. value
$615,000
COMMERCIAL (GENERAL)
Est. value
$565,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Martin Ellman
Individual
Free & Clear · 0 yrs held
Mailing address
380 NW 24TH ST, MIAMI, FL 33127-4326
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
$1,600,000
Martin Ellman
Wdestate 2 LLC
Special Warranty Deed
—
Jul 12, 2021
$985,000
Wdestate 2 LLC
Arian Development LLC
Warranty Deed
$690,000 · Vast Bank NA
Jul 6, 2018
$500,000
Arian Dev LLC
Promo 05 LLC
Warranty Deed
—
Jan 19, 2016
$500,000
Promo O5 LLC
Centerstate Bk Of Fl
Warranty Deed
$375,000 · Centerstate Bk/fl
Mar 20, 2003
$250,000
Federal Trust Bank
Humphrey Florida Corp
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3880 Nova Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
