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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Turn key restaurants
501 Ocean Shr Blvd Flagler Beach, FL 32136-3311
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5531653
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1975
Construction
CONCRETE BLOCKS
Total area
4,397 SF
Lot
0.31 ac (13,591 SF)
Zoning code
GC
APN
12-12-31-4500-00030-0080
UPID
US18-5531653
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$761k
Blend (final)
Blend
$880k
Owner & transaction history
Sugarmon Bay LLC · 2 yrs held
Sugarmon Bay LLC
since 2024
6 recorded transactions
Zoning & alternative use
GC · Flagler Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The provisions of this district are intended to serve the general commercial needs of the city, wherein a large variety of retail, commercial, governmental, financial, professional office services and other general commercial are permitted
Zone name
General Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
78.61 ac
Source
Realmo
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 Flagler Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flagler 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$880k
Range $792k – $968k · ±10%
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
$200 / 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
$18,716
Tax year 2023
Assessed value
$1,032,913
Assessed 2023
Previous assessed
$917,427
+12.6% YoY
Effective rate
1.81%
On assessed value
Assessed land
$829,478
Assessed improvement
$203,435
Land market value
$829,478
Improvement market value
$203,435
Total market value
$1,032,913
Applied tax rate
22.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1975
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
4,397 SF
Lot
0.31 ac (13,591 SF)
Zoning code
GC
APN
12-12-31-4500-00030-0080
UPID
US18-5531653
Jurisdiction
FLAGLER
Zoning & alternative use
GC · Flagler Beach, FLZoning GC · permitted uses
GC · Flagler Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The provisions of this district are intended to serve the general commercial needs of the city, wherein a large variety of retail, commercial, governmental, financial, professional office services and other general commercial are permitted
Zone name
General Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
78.61 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1975
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Sugarmon Bay LLC
Entity
Mailing address
142 AVALON AVE, FLAGLER BEACH, FL 32136-3349
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
Apr 20, 2026
—
Sugarmon Bay LLC
—
Deed
related
$1,000,000 · Trust Bank
Dec 27, 2024
—
Sugarmon Bay LLC
—
Deed
related
$1,000,000 · Truist Bank
Jan 29, 2024
—
Sugarmon Bay LLC
Tcc Real Estate LLC
Special Warranty Deed
—
May 3, 2013
—
Tcc Real Estate LLC
Tcc Marlow Ents INC
Quit Claim Deed
—
Feb 23, 1998
$300,000
Tcc Marlow Enterprises INC
Lulgjuraj,gjeto
Grant Deed
$149,000 · Banco Popular NA
Jun 2, 1997
$70,000
Gjeto Lulgjuraj
Gegaj,tom
Grant Deed
$70,000 · Individual
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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