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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Medical Office Space
617 Canal St 100 New Smyrna Beach, FL 32168-6901
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-8712079
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,780 SF
Lot
0.23 ac (9,990 SF)
Zoning code
B2
APN
7441-24-00-0030
UPID
US18-8712079
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
$640k
Blend (final)
Blend
$535k
Owner & transaction history
Smyrna Beach Building LLC · 6 yrs held
Smyrna Beach Building LLC
since 2019
5 recorded transactions
Zoning & alternative use
B2 · New Smyrna Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$845,000
+20.2%
Warehouse, storage
$785,000
+11.5%
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 New Smyrna Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Smyrna 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$705,000
Current use
RETAIL STORES
$845,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$785,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$675,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
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
$142 / 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
$8,483
Tax year 2023
Assessed value
$480,379
Assessed 2023
Previous assessed
$438,192
+9.6% YoY
Effective rate
1.77%
On assessed value
Assessed land
$19,980
Assessed improvement
$460,399
Land market value
$19,980
Improvement market value
$460,399
Total market value
$480,379
Applied tax rate
601.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
4
Total area
3,780 SF
Lot
0.23 ac (9,990 SF)
Zoning code
B2
APN
7441-24-00-0030
UPID
US18-8712079
Jurisdiction
VOLUSIA
Zoning & alternative use
B2 · New Smyrna Beach, FL
Zoning B2 · permitted uses
B2 · New Smyrna Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Smyrna Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$705,000
RETAIL STORES
Est. value
$845,000
WAREHOUSE, STORAGE
Est. value
$785,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$675,000
MEDICAL BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
0.23 ac
Current owner
From public records · entity-resolved
Smyrna Beach Building LLC
Entity
Free & Clear · 6 yrs held
Mailing address
207 VIRGINIA ST, EDGEWATER, FL 32132-3626
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2025
—
Smyrna Beach Building LLC
—
Deed
related
$850,000 · Mainstreet Community Bank Of Florida
Sep 19, 2019
$600,000
Smyrna Beach Building LLC
Miele,angelo JR & Rebecca C
Warranty Deed
—
Dec 28, 2009
—
Angelo Miele JR.
Jrs Nursery & Equipment INC
Warranty Deed
—
Dec 22, 2005
$256,988
Jrs Nursery & Equipment INC
Woodys Construction INC
Warranty Deed
—
Oct 24, 2003
$305,000
Woodys Construction INC
Kenny,robert C
Grant Deed
$240,000 · Robert C Kenny
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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