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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Industrial land
415 3rd St, Daytona Beach, FL 32117-4335
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7189373
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,431 SF
Lot
3.5 ac (152,460 SF)
Zoning code
I2
APN
4244-01-29-0012
UPID
US18-7189373
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
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$835k
Owner & transaction history
Drewry Site Development LLC · 4 yrs held
Drewry Site Development LLC
since 2022
Last sale
$698,820
3 recorded transactions
Zoning & alternative use
I2 · Daytona 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 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
$830,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $699k (Jan 13 2022)
Last sale anchor
$699k
Jan 13 2022
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
$33 / 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
$10,771
Tax year 2023
Assessed value
$393,222
Assessed 2023
Previous assessed
$393,222
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$243,936
Assessed improvement
$149,286
Land market value
$243,936
Improvement market value
$149,286
Total market value
$393,222
Applied tax rate
203.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
4
Total area
25,431 SF
Lot
3.5 ac (152,460 SF)
Zoning code
I2
APN
4244-01-29-0012
UPID
US18-7189373
Jurisdiction
VOLUSIA
Zoning & alternative use
I2 · Daytona Beach, FL
Zoning I2 · permitted uses
I2 · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Daytona Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
4
Lot
3.5 ac
Current owner
From public records · entity-resolved
Drewry Site Development LLC
Entity
Mailing address
400 VENTURE DR STE F, SOUTH DAYTONA, FL 32119-3470
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2024
—
Drewry Site Development LLC
—
Deed
related
$750,000 · Intracoastal Bank
Jan 13, 2022
$698,820
Drewry Site Development LLC
Cemex Construction Materials Florid
Special Warranty Deed
$560,000 · Intracoastal Bank
Nov 17, 2008
—
Const Materials Florida Cemex
Cemex INC
Quit Claim 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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