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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Medical Office Space
3928 Nova Rd Port Orange, FL 32127-4911
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-5465323
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,833 SF
Lot
1.44 ac (62,844 SF)
Zoning code
R-3M
APN
6316-00-00-0038
UPID
US18-5465323
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
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$680k
Blend (final)
Blend
$570k
Owner & transaction history
J77 Holdings LLC · 6 yrs held
J77 Holdings LLC
since 2020
Last sale
$585,000
4 recorded transactions
Zoning & alternative use
R-3M · Port Orange, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The moderate density multifamily residential (R-3M) district is intended to provide moderate density multifamily development on relatively large tracts of land in single or common ownership
Zone name
Moderate Density Multifamily Residential
General category
RESIDENTIAL
Zone area
129.41 ac
Source
Realmo
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
$615,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$945,000
Current use
COMMERCIAL (GENERAL)
$870,000
Change: -8% · Conversion: Easy
RETAIL STORES
$815,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $585k (Jun 9 2020)
Last sale anchor
$585k
Jun 9 2020
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
$118 / 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
$11,730
Tax year 2023
Assessed value
$630,383
Assessed 2023
Previous assessed
$570,672
+10.5% YoY
Effective rate
1.86%
On assessed value
Assessed land
$125,688
Assessed improvement
$504,695
Land market value
$125,688
Improvement market value
$504,695
Total market value
$630,383
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
4,833 SF
Lot
1.44 ac (62,844 SF)
Zoning code
R-3M
APN
6316-00-00-0038
UPID
US18-5465323
Jurisdiction
VOLUSIA
Zoning & alternative use
R-3M · Port Orange, FLZoning R-3M · permitted uses
R-3M · Port Orange, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The moderate density multifamily residential (R-3M) district is intended to provide moderate density multifamily development on relatively large tracts of land in single or common ownership
Zone name
Moderate Density Multifamily Residential
General category
RESIDENTIAL
Zone area
129.41 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$945,000
COMMERCIAL (GENERAL)
Est. value
$870,000
RETAIL STORES
Est. value
$815,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.44 ac
Current owner
From public records · entity-resolved
J77 Holdings LLC
Entity
Free & Clear · 6 yrs held
Mailing address
630 HLS BLVD, PORT ORANGE, FL 32127-2901
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2020
$4,095
J77 Holdings LLC
Spartico Investments LLC
Warranty Deed
—
Nov 24, 2015
$505,000
Spartico Investments LLC
Hogwood,ken C & Beauton M
Warranty Deed
$404,000 · Branch Bk&tr
Apr 14, 2005
—
Ken C Hogwood
Hogwood,ken C & Beauton M
Quit Claim Deed
related
—
Apr 26, 2000
$120,000
Ken C Hogwood
Kbh INC
Grant Deed
—
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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