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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Medical Office Space
517 Health Blvd Daytona Beach, FL 32114-1493
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-8977071
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,078 SF
Lot
0.88 ac (38,200 SF)
Zoning code
HM
APN
5338-0B-00-0140
UPID
US18-8977071
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
-
Dr. Lee Physician
-
Osman Ahmad, MD Pediatrician Medical Clinic
-
Advanced Pediatric Gastroenterology Specialists Pediatrician Medical Clinic
-
Kandace Vagovic Physician
-
Dr. Rathi Joseph Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$915k
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$730k
Owner & transaction history
Chetak Ventures LLC · 11 yrs held
Chetak Ventures LLC
since 2014
5 recorded transactions
Zoning & alternative use
HM · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+52.1%
Auto repair, garage
$1.0M
+27.0%
Neighborhood: shopping center
$865,000
+8.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$800,000
Current use
WAREHOUSE, STORAGE
$1,215,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,015,000
Change: +27% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$865,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$179 / 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
$12,755
Tax year 2023
Assessed value
$711,473
Assessed 2023
Previous assessed
$650,847
+9.3% YoY
Effective rate
1.79%
On assessed value
Assessed land
$178,585
Assessed improvement
$532,888
Land market value
$178,585
Improvement market value
$532,888
Total market value
$711,473
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
4,078 SF
Lot
0.88 ac (38,200 SF)
Zoning code
HM
APN
5338-0B-00-0140
UPID
US18-8977071
Jurisdiction
VOLUSIA
Zoning & alternative use
HM · Daytona Beach, FL
Zoning HM · permitted uses
HM · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$800,000
WAREHOUSE, STORAGE
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$865,000
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Chetak Ventures LLC
Entity
Free & Clear · 11 yrs held
Mailing address
608 MAITLAND AVE, ALTAMONTE SPRINGS, FL 32701-6834
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2014
$600,000
Chetak Ventures LLC
Volusia Medical Building Assoc
Grant Deed
—
May 23, 2012
$555,000
Volusia Medical Building Associates
Atlas Fl I Spe LLC
Special Warranty Deed
$471,750 · Suntrust Bank
Dec 30, 2011
—
Atlas Fl I Spe LLC
Vagovic Properties LLC Coc
Trustees Deed
related
—
Jun 15, 2006
$454,200
Vagovic Properties LLC
Vagovic,r John & Kandace
Grant Deed
related
$1,097,100 · Branch Banking & Trust Co
Jun 14, 2005
$385,000
R John Vagovic
Bmp INC
Warranty Deed
$353,000 · Branch Banking And Trust Co
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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