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Property profile & analytics
OFF-MARKET
Manufacturing properties
598 Sterthaus Dr Ormond Beach, FL 32174-5128
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4332993
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,643 SF
Lot
0.38 ac (16,733 SF)
Zoning code
B1
APN
4241-01-06-0064
UPID
US18-4332993
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. Whitney Shoemaker Physician Medical Clinic
-
Melissa E. Baumann, MS Physician
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
Vandy LLC · 10 yrs held
Vandy LLC
since 2016
7 recorded transactions
Zoning & alternative use
B1 · Ormond Beach, 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 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
$6,557
Tax year 2023
Assessed value
$402,338
Assessed 2023
Previous assessed
$402,338
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$56,892
Assessed improvement
$345,446
Land market value
$56,892
Improvement market value
$345,446
Total market value
$402,338
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
5,643 SF
Lot
0.38 ac (16,733 SF)
Zoning code
B1
APN
4241-01-06-0064
UPID
US18-4332993
Jurisdiction
VOLUSIA
Zoning & alternative use
B1 · Ormond Beach, FL
Zoning B1 · permitted uses
B1 · Ormond Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ormond Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Vandy LLC
Entity
Mailing address
598 STERTHAUS DR, ORMOND BEACH, FL 32174-5128
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2025
—
Vandy LLC
—
Deed
related
$620,000 · Barwick Banking Co
Aug 9, 2022
—
Vandy LLC
—
Deed
related
$100,000 · Barwick Banking Co
Dec 13, 2021
—
Vandy LLC
—
Deed
related
$500,000 · Barwick Banking Co
Nov 18, 2019
—
Vandy LLC
—
Deed
related
$430,000 · Centerstate Bk NA
Feb 29, 2016
$462,095
Vandy LLC
Taygun PC Pa
Quit Claim Deed
related
—
May 12, 2015
$500,000
Taygun PC Pa
Parikh Madhusudan V & Hansa M
Grant Deed
$475,000 · Madhusudan V & Hansa M Parikh
Feb 15, 2012
—
Madhusudan V Parikh
Parikh Properties Ltd
Quit Claim Deed
related
—
—
—
Vandy LLC
—
Deed Of Trust
related
$430,000 · Centerstate Bk NA
—
—
Parikh Properties Ltd
—
Deed Of Trust
related
$500,000 · Suntrust Bank NA
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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