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Property profile & analytics
OFF-MARKET
Turn key restaurants
5224 Ocean Shr Blvd Palm Coast, FL 32137-3210
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-0346929
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Construction
CONCRETE BLOCKS
Total area
2,755 SF
Lot
0.63 ac (27,486 SF)
Zoning code
R/C
APN
40-10-31-0010-00030-0160
UPID
US18-0346929
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Doering Properties LLC · 17 yrs held
Doering Properties LLC
since 2009
6 recorded transactions
Zoning & alternative use
R/C · Palm Coast, 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 Palm Coast submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Coast 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
—
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
$3,041
Tax year 2023
Assessed value
$246,802
Assessed 2023
Previous assessed
$192,575
+28.2% YoY
Effective rate
1.23%
On assessed value
Assessed land
$96,201
Assessed improvement
$150,601
Land market value
$96,201
Improvement market value
$150,601
Total market value
$246,802
Applied tax rate
1.0000
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
1990
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
2,755 SF
Lot
0.63 ac (27,486 SF)
Zoning code
R/C
APN
40-10-31-0010-00030-0160
UPID
US18-0346929
Jurisdiction
FLAGLER
Zoning & alternative use
R/C · Palm Coast, FL
Zoning R/C · permitted uses
R/C · Palm Coast, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Coast. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Doering Properties LLC
Entity
Mailing address
46 TIDAL LN, ST AUGUSTINE, FL 32080-4808
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Feb 7, 2019
—
Doering Properties LLC
—
Deed
related
$525,000 · Florida Cap Bk
Jun 20, 2016
—
Doering Properties LLC
—
Deed
related
$520,000 · Suntrust Bk
Jun 25, 2009
$850,000
Doering Properties LLC
Coastal Restaurant Group LLC
Special Warranty Deed
$430,000 · American Business Lending INC
Mar 17, 2003
$450,000
Coastal Restaurant Group LLC
Cayma INC
Grant Deed
$300,000 · Peoples First Community Bank
—
—
Doering Properties LLC
—
Deed Of Trust
related
$525,000 · Florida Cap Bk
—
—
Doering Properties LLC
—
Deed Of Trust
related
$520,000 · Suntrust Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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