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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Investment properties
408 Wild Olive Ave Daytona Beach, FL 32118-3938
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3652424
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,942 SF
Lot
0.17 ac (7,500 SF)
APN
5305-01-37-0120
UPID
US18-3652424
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
$545k
CAP Approach
CAP
$370k
Comparable Approach
Comparable
$586k
Blend (final)
Blend
$505k
Owner & transaction history
Kevin Wilson · 2 yrs held
Kevin Wilson
since 2024
Last sale
$450,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$580,000
+64.7%
Auto repair, garage
$485,000
+37.6%
Neighborhood: shopping center
$410,000
+17.5%
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 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
$510,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$400,000
6.5%
$370,000
7%
$345,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$350,000
Current use
WAREHOUSE, STORAGE
$580,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$485,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$410,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$380,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $450k (Mar 24 2024)
Last sale anchor
$450k
Mar 24 2024
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
$260 / 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
$4,325
Tax year 2023
Assessed value
$241,221
Assessed 2023
Previous assessed
$90,875
+165.4% YoY
Effective rate
1.79%
On assessed value
Assessed land
$37,500
Assessed improvement
$203,721
Land market value
$37,500
Improvement market value
$203,721
Total market value
$241,221
Applied tax rate
204.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
1,942 SF
Lot
0.17 ac (7,500 SF)
APN
5305-01-37-0120
UPID
US18-3652424
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
COMMERCIAL (GENERAL) Current
Est. value
$350,000
WAREHOUSE, STORAGE
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$485,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$410,000
MEDICAL BUILDING
Est. value
$380,000
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Kevin Wilson
Individual
Mailing address
408 N WILD OLIVE AVE, DAYTONA BEACH, FL 32118-3938
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2024
$450,000
Kevin Wilson
Chelsea Stitt
Warranty Deed
—
Oct 14, 2022
$550,000
Chelsea Stitt
Blue Sky Home Ventures LLC
Warranty Deed
$440,000 · American Neighborhood Mtg Acceptanc
Jan 25, 2019
$103,000
Blue Sky Home Ventures LLC
Figueroa,hector
Warranty Deed
—
Jan 5, 2016
$125,000
Hector Figueroa
Petzold,michael M
Warranty Deed
$90,000 · Michael M Petzold
Aug 29, 2014
$81,950
Michael M Petzold
Tamm,john R
Grant Deed
—
—
—
John R Tamm
—
Deed Of Trust
related
$13,000 · John E & Patsy A Tamm
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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