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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Community centers
504 Flagler Ave New Smyrna Beach, FL 32169-2684
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2804853
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,160 SF
Lot
0.35 ac (15,300 SF)
Zoning code
B4
APN
7455-09-00-0380
UPID
US18-2804853
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
$970k
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.15M
Owner & transaction history
Pegge W Garriques · 3 yrs held
Pegge W Garriques
since 2023
7 recorded transactions
Zoning & alternative use
B4 · New Smyrna Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+125.2%
Retail stores
$1.2M
+57.7%
Auto repair, garage
$1.0M
+38.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,055,000
6.5%
$970,000
7%
$900,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$745,000
Current use
COMMERCIAL (GENERAL)
$1,675,000
Change: +125% · Conversion: Easy
RETAIL STORES
$1,175,000
Change: +58% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,035,000
Change: +39% · Conversion: Difficult
WAREHOUSE, STORAGE
$865,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$775,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$275 / 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
$25,162
Tax year 2023
Assessed value
$1,851,164
Assessed 2023
Previous assessed
$1,620,971
+14.2% YoY
Effective rate
1.36%
On assessed value
Assessed land
$1,377,000
Assessed improvement
$474,164
Land market value
$1,377,000
Improvement market value
$474,164
Total market value
$1,851,164
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
6
Total area
4,160 SF
Lot
0.35 ac (15,300 SF)
Zoning code
B4
APN
7455-09-00-0380
UPID
US18-2804853
Jurisdiction
VOLUSIA
Zoning & alternative use
B4 · New Smyrna Beach, FL
Zoning B4 · permitted uses
B4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$865,000
MEDICAL BUILDING
Est. value
$775,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
6
Lot
0.35 ac
Current owner
From public records · entity-resolved
Pegge W Garriques
Individual
Mailing address
4604 VAN KLEECK DR, NEW SMYRNA BEACH, FL 32169-4206
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2023
—
Pegge W Garriques
Pegge W Garriques
Intrafamily Transfer
related
—
Jul 5, 2011
—
Garriques Robert M Trust
Garriques Pegge W Trust
Quit Claim Deed
related
—
May 25, 2006
—
Garriques Pegge W Trust
Garriques,robert M & Pegge W
Quit Claim Deed
related
—
Mar 1, 1995
—
Corradi Resorts International
—
Grant Deed
related
—
—
—
Garriques,robert M Trust
—
Deed Of Trust
related
$200,000 · Friends Bank
—
—
Garriques,robert M Trust
—
Loan Modification
related
$540,715 · Friends Bank
—
—
Robert Garriques
—
Deed Of Trust
related
$900,000 · Friends Bank
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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