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Property profile & analytics
OFF-MARKET
Estimated value
$1,865,000
Bars & Pubs
5236 Ridgewood Ave Port Orange, FL 32127-5125
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5295983
Property summary
AI-generated overview
This exceptional investment opportunity presents Daytona's First Turn, a renowned restaurant and entertainment venue situated on 2.4 acres encompassing five parcels of land along US 1 in Port Orange, Florida. Boasting a substantial 19,498 square feet, this established business occupies a prime location, making it a cornerstone for Port Orange's vibrant community, particularly during Bike Week. Built in 1982, the property is currently operating under a month-to-month lease, offering a unique dual-acquisition opportunity. The asking price for the real estate is $2,400,000, translating to $123.09 per square foot. This presents a chance to acquire a nationally recognized establishment with significant potential for growth and expansion. The property's strategic location on US 1 in Volusia County, Florida, zip code 32127 (5236 S Ridgewood Ave), ensures high visibility and accessibility. The sale includes the land and building
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,210 SF
Lot
0.45 ac (19,498 SF)
Zoning code
B4
APN
6310-07-14-0100
UPID
US18-5295983
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
$1.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
Kmtm Enterprises LLC · 4 yrs held
Kmtm Enterprises LLC
since 2021
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
B4 · Port Orange, 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 Port Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Orange 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
$1,750,000
ML approach
$1,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.87M
Range $1.68M – $2.05M · ±10% · vs last sale $2.00M (Aug 5 2021)
Last sale anchor
$2.00M
Aug 5 2021
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
$259 / 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
$7,458
Tax year 2023
Assessed value
$373,904
Assessed 2023
Previous assessed
$343,058
+9.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$63,369
Assessed improvement
$310,535
Land market value
$63,369
Improvement market value
$310,535
Total market value
$373,904
Applied tax rate
402.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
4
Total area
7,210 SF
Lot
0.45 ac (19,498 SF)
Zoning code
B4
APN
6310-07-14-0100
UPID
US18-5295983
Jurisdiction
VOLUSIA
Zoning & alternative use
B4 · Port Orange, FL
Zoning B4 · permitted uses
B4 · Port Orange, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Orange. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.45 ac
Current owner
From public records · entity-resolved
Kmtm Enterprises LLC
Entity
Mailing address
PO BOX 950682, LAKE MARY, FL 32795-0682
Ownership since
2021
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
Aug 5, 2021
$2,000,000
Kmtm Enterprises LLC
Richard Hilliard
Warranty Deed
$1,600,000 · United Southern Bank
Aug 3, 2018
—
Richard W Hilliard
—
Deed
related
$1,045,000 · Friends Bank
Feb 22, 2011
—
Port Orange Aerie 4089
—
Trustees Deed
related
$560,000 · Td Bank NA
—
—
Robinson,shannon
—
Deed Of Trust
related
$100,000 · Academy Mtg
—
—
Hilliard
—
Deed Of Trust
related
$320,000 · Southtrust Bank NA
—
—
Hilliard Bros Of Volusia Cnty INC
—
Deed Of Trust
related
$600,000 · Gateway 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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