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Property profile & analytics
FOR SALE
Warehouses
4 Aviator Way Ormond Beach, FL 32174
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US19-0772646
For Sale
1 / 82
$5,950,000
4 Aviator Way, Ormond Beach, FL 32174
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
WOOD
Total area
14,000 SF
Lot
1.03 ac (44,866 SF)
APN
4218-01-00-0190
UPID
US19-0772646
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
-
Carters Cabinetry General Contractor Renovation Specialist
-
Jay’s Jumpstarts Auto Repair Shop
-
Kitchen Systems, Inc Hardware & Home Improvement Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$975k
Owner & transaction history
F & L Enterprises Of Ormond LLC · 20 yrs held
F & L Enterprises Of Ormond LLC
since 2005
7 recorded transactions
Zoning & alternative use
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 Ormond Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ormond 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10%
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
$70 / 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
$12,169
Tax year 2023
Assessed value
$745,208
Assessed 2023
Previous assessed
$678,929
+9.8% YoY
Effective rate
1.63%
On assessed value
Assessed land
$78,516
Assessed improvement
$666,692
Land market value
$78,516
Improvement market value
$666,692
Total market value
$745,208
Applied tax rate
201.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1991
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
14,000 SF
Lot
1.03 ac (44,866 SF)
APN
4218-01-00-0190
UPID
US19-0772646
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
Building & site characteristics
From public records
Year built
1991
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.03 ac
Current owner
From public records · entity-resolved
F & L Enterprises Of Ormond LLC
Entity
Mailing address
4 AVIATOR WAY, ORMOND BEACH, FL 32174-2982
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2021
—
F & L Enterprises Of Ormond LLC
—
Deed
related
$50,000 · Intracoastal Bank
Jul 26, 2005
$595,000
F & L Enterprises Of Ormond LLC
Philip Morgan
Warranty Deed
$547,000 · First National Bank Of Nassau Count
May 20, 2002
$250,000
Philip Morgan
Peacock,james R
Grant Deed
—
Jun 10, 1999
$535,000
Peacock Trust
Nixon,william J & Diane K
Grant Deed
—
—
—
William J Nixon
—
Deed Of Trust
related
$71,798 · Commercial Bank
—
—
F & L Ents Of Ormond LLC
—
Deed Of Trust
related
$680,000 · Wachovia Bank NA
—
—
Peacock Trust
—
Deed Of Trust
related
$72,242 · Commercial Bank Volusia County
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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