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Property profile & analytics
OFF-MARKET
Estimated value
$7,800,000
Commercial land
600 Lehigh Ct Flagler Beach, FL 32136-3059
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4064929
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1975
Total area
11,601 SF
Lot
5.14 ac (223,898 SF)
Zoning code
MUHPUD
APN
02-12-31-4938-00000-0140
UPID
US18-4064929
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
$6.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.80M
Owner & transaction history
Lighthouse Palm Coast Holdings LLC · 3 yrs held
Lighthouse Palm Coast Holdings LLC
since 2022
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
MUHPUD · Flagler 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 Flagler Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flagler 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
$7,385,000
ML approach
$6,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,125,000
Current use
Blend value · Realmo final
$7.80M
Range $7.02M – $8.58M · ±10% · vs last sale $8.50M (Jul 6 2022)
Last sale anchor
$8.50M
Jul 6 2022
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
$672 / 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
$10,475
Tax year 2023
Assessed value
$565,400
Assessed 2023
Previous assessed
$565,400
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$565,400
Land market value
$565,400
Total market value
$565,400
Applied tax rate
61.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1975
Heating
YES
Cooling
YES
Stories
1
Total area
11,601 SF
Lot
5.14 ac (223,898 SF)
Zoning code
MUHPUD
APN
02-12-31-4938-00000-0140
UPID
US18-4064929
Jurisdiction
FLAGLER
Zoning & alternative use
MUHPUD · Flagler Beach, FL
Zoning MUHPUD · permitted uses
MUHPUD · Flagler Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Flagler Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.1M
COMMERCIAL (GENERAL) Current
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
1975
Heating
YES
Cooling
Yes
Stories
1
Lot
5.14 ac
Current owner
From public records · entity-resolved
Lighthouse Palm Coast Holdings LLC
Entity
Mailing address
60 14TH ST S, BIRMINGHAM, AL 35233-1414
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2022
—
Lighthouse Palm Coast Holdings LLC
Lighthouse Harbor LLC
Correction Deed
related
—
Jul 6, 2022
$8,500,000
Lighthouse Palm Coast Holdings LLC
Lighthouse Harbor LLC
Special Warranty Deed
—
Apr 15, 2015
$255,900
Lighthouse Harbor INC
Lighthouse Hbr Commerce Park L
Grant Deed
—
Apr 15, 2015
—
Lighthouse Harbor INC
Lighthouse Hbr Commerce Park L
Quit Claim Deed
related
—
Apr 9, 2015
—
Lighthouse Harbor INC
Lighthouse Hbr Commerce Park L
Quit Claim Deed
related
—
Jul 12, 2012
—
Hbr Commerce Park L Lighthouse
Lighthouse Hbr Developers LLC
Quit Claim Deed
related
—
Jul 12, 2012
$165,000
Hbr Commerce Park L Lighthouse
Lighthouse Hbr Developers LLC
Grant Deed
—
Jun 14, 2010
—
Lighthouse Hbr Developers LLC
—
Deed Of Trust
related
$275,000,000 · Deutsche Bank Trust Co America
Aug 8, 2008
—
Lighthouse Hbr Developers LLC
—
Deed Of Trust
related
$1,525,000,000 · Bank Of America
Jul 14, 2006
$1,490,000
Lighthouse Hbr Developers LLC
School Board Of Flagler County
Grant Deed
—
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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