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Property profile & analytics
OFF-MARKET
Estimated value
$59,700,000
Parking lots & garages
422 Atlantic Ave Daytona Beach, FL 32118-3925
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-8494401
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2021
Construction
CONCRETE
Total area
491,480 SF
Lot
1.56 ac (67,963 SF)
Zoning code
T1
APN
5304-09-05-0151
UPID
US18-8494401
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
-
500 Atlantic Condominium Complex
-
Breakwater Bar Bar & Pub
-
422 Atlantic Grocery & Convenience Store Food Market
-
Daytona Grande Oceanfront Hotel Hotel & Motel
-
The Abalone Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$59.70M
Owner & transaction history
Protogroup South Tower LLC · 6 yrs held
Protogroup South Tower LLC
since 2019
7 recorded transactions
Zoning & alternative use
T1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$121 / 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
$1,089,368
Tax year 2023
Assessed value
$60,763,825
Assessed 2023
Previous assessed
$55,459,792
+9.6% YoY
Effective rate
1.79%
On assessed value
Assessed land
$2,752,502
Assessed improvement
$58,011,323
Land market value
$2,752,502
Improvement market value
$58,011,323
Total market value
$60,763,825
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2021
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Bathrooms
10
Total area
491,480 SF
Lot
1.56 ac (67,963 SF)
Zoning code
T1
APN
5304-09-05-0151
UPID
US18-8494401
Jurisdiction
VOLUSIA
Zoning & alternative use
T1 · Daytona Beach, FL
Zoning T1 · permitted uses
T1 · 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
2021
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
10
Lot
1.56 ac
Current owner
From public records · entity-resolved
Protogroup South Tower LLC
Entity
Free & Clear · 6 yrs held
Mailing address
120 GDN ST N, PALM COAST, FL 32137-8551
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2019
$100
Protogroup South Tower LLC
Protogroup INC
Correction Deed
related
—
Sep 19, 2019
$100
Protogroup South Tower LLC
Protogroup INC
Grant Deed
—
Mar 22, 2012
$6,300,000
Protogroup INC
Cxa-1 Corp
Grant Deed
—
Dec 10, 2009
—
Cxa-1 Corp
Bray & Gillespie X LLC
Grant Deed
—
Aug 26, 2005
$4,500,000
Bray & Gillespie Xx LLC
Vinod & Sons INC
Warranty Deed
—
Dec 14, 2004
—
Bray & Gillespie X LLC
—
Deed Of Trust
related
$2,700,000 · Park Avenue Bank
Sep 30, 2004
$1,100,000
Bray & Gillespie X LLC
Captains B & B INC
Warranty Deed
$1,088,000 · Park Avenue Bank
—
—
Vinod & Sons INC
—
Deed Of Trust
related
$2,700,000 · Park Avenue Bk
—
—
Vinod & Sons INC
—
Deed Of Trust
related
—
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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