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Property profile & analytics
FOR SALE
Drive through restaurants
411 Flagler Ave New Smyrna Beach, FL 32169
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-1735845
For Sale
1 / 23
$2,499,500
411 Flagler Ave, New Smyrna Beach, FL 32169
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1910
Construction
WOOD
Total area
1,521 SF
Lot
0.14 ac (6,000 SF)
Zoning code
B1
APN
7455-08-04-0060
UPID
US18-1735845
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
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.50M
Owner & transaction history
411 Flagler Ave Smyrna LLC · 2 yrs held
411 Flagler Ave Smyrna LLC
since 2024
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
B1 · New Smyrna 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 New Smyrna Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Smyrna 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
$1,500,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (Apr 8 2024)
Last sale anchor
$1.50M
Apr 8 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
$986 / 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
$12,815
Tax year 2023
Assessed value
$802,080
Assessed 2023
Previous assessed
$802,080
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$540,000
Assessed improvement
$262,080
Land market value
$540,000
Improvement market value
$262,080
Total market value
$802,080
Applied tax rate
601.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Sale
Year built
1910
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
3
Total area
1,521 SF
Lot
0.14 ac (6,000 SF)
Zoning code
B1
APN
7455-08-04-0060
UPID
US18-1735845
Jurisdiction
VOLUSIA
Zoning & alternative use
B1 · New Smyrna Beach, FL
Zoning B1 · permitted uses
B1 · New Smyrna Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Smyrna Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1910
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
411 Flagler Ave Smyrna LLC
Entity
Mailing address
512 NW 104TH AVE, PLANTATION, FL 33324-1628
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2024
$1,500,000
411 Flagler Ave Smyrna LLC
Buzzard Beach Properties INC
Warranty Deed
—
Mar 9, 2016
$1,000,000
Buzzard Beach Properties INC
Carter,charles D & Elisa D
Warranty Deed
$750,000 · Charles D & Elisa D Carter
Aug 6, 2002
$175,000
Charles D Carter
Nichols,david W
Grant Deed
$150,000 · Roy D & Audrey B Lovett
—
—
Charles D Carter
—
Deed Of Trust
related
$210,000 · Michael F Forment
—
—
Charles D Carter
—
Deed Of Trust
related
$146,600 · Suntrust Bank NA
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?”
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