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Property profile & analytics
OFF-MARKET
Estimated value
$2,505,000
Community centers
620 Atlantic Ave Ormond Beach, FL 32176-7716
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-3430202
Property summary
AI-generated overview
This exceptional Ormond Beach, Florida retail property, the Ellinor Village Shopping Center, offers 19,707 square feet of vacant space in a 22,176 square foot building situated on 2.8 acres of land. The single-story, 1970-built center underwent a complete renovation in 2021, boasting excellent visibility on Atlantic Avenue (A1A), a major tourist route. The property features four suites, with a minimum divisible space of 2,122 square feet and a maximum contiguous space of 8,068 square feet. Its B-7 zoning allows for a variety of retail uses. The center enjoys a prime beachside location, just south of Granada Boulevard, adjacent to public parking and across from beach access and several hotels. Nearby businesses include ABC Fine Wine & Spirits, Pizza Hut, and numerous restaurants. Estimated CAM, real estate taxes, and insurance are $6.00 per square foot. The property's APN is 4223-05-11-0010, located at 620 S Atlantic Ave, Ormond Beach, FL 32176. This is a unique opportunity to establish a presence in a thriving coastal community.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,394 SF
Lot
2.8 ac (122,128 SF)
APN
4223-05-11-0010
UPID
US18-3430202
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
-
Surf Style 119: Surf, Swimwear, Sporting Goods in Ormond Beach Beach Clothing Store
-
Ellinor Village Shopping Center Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.51M
Owner & transaction history
620 Atlantic Ave LLC · 8 yrs held
620 Atlantic Ave LLC
since 2017
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.8M
+0.0%
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
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
NEIGHBORHOOD: SHOPPING CENTER
$3,830,000
Current use
MEDICAL BUILDING
$3,830,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$3,360,000
Change: -12% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,200,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.51M
Range $2.25M – $2.76M · ±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
$117 / 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
$28,340
Tax year 2023
Assessed value
$2,055,077
Assessed 2023
Previous assessed
$1,920,268
+7.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$635,066
Assessed improvement
$1,420,011
Land market value
$635,066
Improvement market value
$1,420,011
Total market value
$2,055,077
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
15
Total area
21,394 SF
Lot
2.8 ac (122,128 SF)
APN
4223-05-11-0010
UPID
US18-3430202
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.8M
RETAIL STORES
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
15
Lot
2.8 ac
Current owner
From public records · entity-resolved
620 Atlantic Ave LLC
Entity
Mailing address
4100 N 28TH TER, HOLLYWOOD, FL 33020-1116
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2017
$1,958,950
620 Atlantic Ave LLC
Ellinor Atb LLC
Special Warranty Deed
$3,200,000 · City National Bank Of Florida
Jun 8, 2015
—
Ellinor Atb LLC
Weeki-wachee Lease LLC
Grant Deed
—
Apr 14, 2015
—
Elllinor Atb LLC|ellinor Linda LLC
Lichtigman Charles S
Warranty 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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