Entity Owned Property summary
AI-generated overview
This exceptional office property in Ormond Beach, Florida offers 16,834 square feet of newly renovated space, perfect for a variety of businesses. The building, constructed in 1985 and extensively renovated in 2016, features 17 suites across two stories, with a minimum divisible space of 250 square feet and a maximum contiguous space of 2,155 square feet. Six individual suites are currently available, ranging in size to accommodate diverse needs. The property boasts a highly visible location on heavily trafficked Yonge Street (US-1), offering excellent signage opportunities. Ample parking is provided for tenants and clients. The B-5 zoning allows for a range of professional uses. The convenient location offers easy access to West Granada Boulevard and I-95, making it an ideal location for businesses seeking high visibility and convenient access to major transportation routes. Tenants are responsible for rent, utilities, and sales tax; the owner covers real estate taxes, hazard insurance, and building maintenance. This property presents a fantastic opportunity for law firms, CPAs, financial services companies, or investors seeking a value-add opportunity. The property's APN is 424210030200, located in Volusia County.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,834 SF
Lot
1.58 ac (68,860 SF)
Zoning code
B5
APN
4242-10-03-0200
UPID
US18-2375539
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Roofing Company General Contractor
-
Roofing Company General Contractor
-
Garden Center
-
Car Rental Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$895k
Owner & transaction history
since 2025
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
B5 · Ormond Beach, FL
Top alternative use upside
Industrial (general)
$2.2M
+5.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$895k
Value range
$806k – $985k
±10% around blend
Estimated value / SF
$53 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$806k
blend $895k
$985k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,834 SF
Lot area
1.58 ac
Year built
1985
Stories
1
APN
4242-10-03-0200
Zoning
B5
Assessed value
$1,011,468
Annual tax
$16,516
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.39M
Range $1.24M – $3.28M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$895k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 60 sales
$123
-57%
Submarket 60 sales
$123
-57%
County 360 sales
$207
-74%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $53/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+6%
vs current-use indication
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.75M
Move the market yield to see immediate price impact.
Value / SF
$104
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$110k
$2.21M
$1.57M
$1.23M
$123k
$2.45M
$1.75M
$1.36M
$135k
$2.70M
$1.92M
$1.50M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,516
Tax year 2023
Assessed value
$1,011,468
Assessed 2023
Previous assessed
$1,011,468
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$258,225
Assessed improvement
$753,243
Land market value
$258,225
Improvement market value
$753,243
Total market value
$1,011,468
Applied tax rate
201.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
7
Total area
16,834 SF
Lot
1.58 ac (68,860 SF)
Zoning code
B5
APN
4242-10-03-0200
UPID
US18-2375539
Jurisdiction
VOLUSIA
Zoning & alternative use
B5 · Ormond Beach, FLZoning B5 · permitted uses
B5 · Ormond Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
7
Lot
1.58 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B5
Jurisdiction
Ormond Beach, FL
Recorded code
B5
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B5 in Ormond Beach, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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