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Property profile & analytics
OFF-MARKET
Hotels
591 Atlantic Ave Ormond Beach, FL 32176-7755
Trust Owned
14-yr Hold
Free & Clear
Property ID
US18-9321667
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
APN
4223-26-00-3000
UPID
US18-9321667
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
-
Tropic Sun Towers Hotel & Motel Resort
-
Nathan F. Cobb Shipwreck Tour Operator
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
Brower Marvin A Living Trust · 14 yrs held
Brower Marvin A Living Trust
since 2012
7 recorded transactions
Zoning & alternative use
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 Ormond Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ormond 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
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
$87,434
Tax year 2023
Assessed value
$5,354,515
Assessed 2023
Previous assessed
$7,139,353
-25.0% YoY
Effective rate
1.63%
On assessed value
Assessed improvement
$5,354,515
Improvement market value
$5,354,515
Total market value
$5,354,515
Applied tax rate
201.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Heating
NONE
APN
4223-26-00-3000
UPID
US18-9321667
Jurisdiction
VOLUSIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Current owner
From public records · entity-resolved
Brower Marvin A Living Trust
Trust
Free & Clear · 14 yrs held
Mailing address
591 S ATLANTIC AVE, ORMOND BEACH, FL 32176-7755
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
36 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2012
—
Brower Marvin A Living Trust
Brower,marvin A
Quit Claim Deed
related
—
Feb 8, 2008
$3,000
Ann Manley
Teicholz,matthew
Warranty Deed
related
—
Nov 15, 2007
—
Puleo Family Living Trust
Puleo,lawrence T & Marie C
Quit Claim Deed
related
—
Jul 3, 2006
$700
Gerald A Byrd
Vacation Solutions LLC
Warranty Deed
related
—
Jun 27, 2006
—
Timeshare Group LLC
Vacation Solutions LLC
Warranty Deed
related
—
Jun 27, 2006
$565
Thomas Engle
Timeshare Group LLC
Warranty Deed
related
—
Apr 20, 2004
—
Ray Holloway
Shaw,darryl E & Joan E
Grant Deed
related
—
Apr 17, 2004
—
Vi Network INC
Baxley,william V & Judith L
Grant Deed
related
—
Jan 8, 2004
—
Gary L Dodson
Beauregard,eugene C & Leona I
Grant Deed
related
—
Nov 14, 2003
—
Arthur R Natale
Creasy,whitney
Grant Deed
related
—
Nov 6, 2003
$600
Jack Bourgois
International Condo Wholesaler
Grant Deed
related
—
Oct 8, 2003
$1,500
Randall D Amondela
Crawford,marcus
Grant Deed
related
—
Sep 4, 2003
$2,600
Richard Balzer
Derossette,gene R & Grace M
Grant Deed
related
—
Aug 25, 2003
$1,500
Patricia M Schmidt
Cook,michael R & Deborah E
Grant Deed
related
—
Aug 4, 2003
$1,500
Loretta Carmack
Mulholland,catherine L
Grant Deed
related
—
Apr 23, 2003
—
German Language School For Chi
Stockdell,kenneth G
Grant Deed
related
—
Mar 6, 2003
—
Vi Network INC
Neill,jerry W & Margaret M
Grant Deed
related
—
Mar 3, 2003
$2,000
Mark Marcellus
Weeks,louise N
Grant Deed
related
—
Jan 14, 2003
$2,000
Adrianne S Meade
Webb,david A & Judy C
Grant Deed
related
—
Nov 4, 2002
—
Ferdinand Toro
Graham,george
Grant Deed
related
—
Sep 18, 2002
$1,500
Duane M Karlstad
Garvin,paul E & Kathy
Grant Deed
related
—
Aug 12, 2002
$1,900
Jeff Whitney
Fontneau,joseph F & Carol A
Grant Deed
related
—
Jul 11, 2002
$600
Kurt J Brown
Lewton,stan & Kathie
Grant Deed
related
—
May 15, 2002
$3,000
Richard K Grove
Lane,george C & Catherine F
Grant Deed
related
—
Apr 8, 2002
$1,800
Ronald G Ebb
Haenisch,carl P
Grant Deed
related
—
Dec 27, 2001
$1,400
Betty L Doran
Locke,jeannine & Martin D
Grant Deed
related
—
Dec 18, 2001
$3,000
John Bingham
Dubuque,mark W
Grant Deed
related
—
Nov 7, 2001
—
Whitney Creasy
Willis,harold D & Janice P
Quit Claim Deed
related
—
Nov 5, 2001
$6,500
William F Wackerman
Arildsen,jesse A
Grant Deed
—
Sep 10, 2001
$1,600
Robert A Curry
Smith,wylie F & Elizabeth A
Grant Deed
related
—
Aug 27, 2001
$3,500
Michael L Gilkey
Cilia,joseph & Mary R
Grant Deed
—
Aug 27, 2001
$4,000
Peter Banner
Settle,john R & Karen W
Grant Deed
—
Aug 17, 2001
$1,900
Kenith R Luttrell
Moody,bettye S
Grant Deed
related
—
Jul 10, 2001
$3,000
Terry C House
Ellison,ray L & Jane B
Grant Deed
related
—
Apr 3, 2001
$3,200
Melba L Banister
Pivar,matija & Ida
Grant Deed
—
Mar 15, 2001
$800
Robert E Brittain
Senn,dale L & Cathy A
Grant Deed
related
—
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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