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Property profile & analytics
OFF-MARKET
Estimated value
$5,110,000
Warehouses
703 Ss St New Smyrna Beach, FL 32168-5867
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6121651
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Construction
WOOD
Total area
32,190 SF
Lot
1.63 ac (71,002 SF)
Zoning code
I3
APN
7340-01-00-0043
UPID
US18-6121651
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
$3.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.11M
Owner & transaction history
Franklin International INC · 4 yrs held
Franklin International INC
since 2021
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
I3 · New Smyrna Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.0M
+19.8%
Retail stores
$7.2M
+7.8%
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%
$4,315,000
6.5%
$3,985,000
7%
$3,700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,675,000
Current use
AUTO REPAIR, GARAGE
$8,000,000
Change: +20% · Conversion: Easy
RETAIL STORES
$7,200,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$5,990,000
Change: -10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,765,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$5.11M
Range $4.60M – $5.62M · ±10% · vs last sale $5.20M (Sep 22 2021)
Last sale anchor
$5.20M
Sep 22 2021
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
$159 / 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
$27,757
Tax year 2023
Assessed value
$1,493,915
Assessed 2023
Previous assessed
$1,267,857
+17.8% YoY
Effective rate
1.86%
On assessed value
Assessed land
$159,755
Assessed improvement
$1,334,160
Land market value
$159,755
Improvement market value
$1,334,160
Total market value
$1,493,915
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Construction
WOOD
Heating
NONE
Stories
1
Bathrooms
3
Total area
32,190 SF
Lot
1.63 ac (71,002 SF)
Zoning code
I3
APN
7340-01-00-0043
UPID
US18-6121651
Jurisdiction
VOLUSIA
Zoning & alternative use
I3 · New Smyrna Beach, FL
Zoning I3 · permitted uses
I3 · 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
WAREHOUSE, STORAGE Current
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$8.0M
RETAIL STORES
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1992
Construction
WOOD
Heating
NONE
Stories
1
Bathrooms
3
Lot
1.63 ac
Current owner
From public records · entity-resolved
Franklin International INC
Entity
Mailing address
2020 BRUCK ST, COLUMBUS, OH 43207-2329
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Sep 22, 2021
$5,200,000
Franklin International INC
Momentive Performance Materials USA
Special Warranty Deed
—
Sep 30, 2019
—
Momentive Performance Material
—
Deed
related
$2,000,000 · Kookmin Bk
Mar 20, 2013
—
Momentive Performance Material
—
Deed Of Trust
related
$2,150,700 · Bank Of Ny Mellon Tr Co NA
—
—
Momentive Performance Material
—
Deed Of Trust
related
$700,000,000 · J P Morgan Chase Bank
—
—
Momentive Performance Material
—
Deed Of Trust
related
$2,150,700 · Bokf NA
—
—
Momentive Performance Material
—
Deed Of Trust
related
$2,150,700 · Bokf NA
—
—
Momentive Performance Material
—
Deed Of Trust
related
$2,000,000 · Kookmin Bk
—
—
Momentive Performance Material
—
Deed Of Trust
related
$2,150,700 · Bank Of Ny Mellon Tr Co NA
—
—
Momentive Performance Material
—
Loan Modification
related
$2,150,700 · J P Morgan Chase Bank
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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