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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Residential income homes
716 Orange Ave Daytona Beach, FL 32114-6703
Individually Owned
2-yr Hold
Property ID
US19-0406870
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,446 SF
Lot
0.18 ac (7,750 SF)
Zoning code
BR2
APN
5239-06-28-0220
UPID
US19-0406870
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
$585k
CAP Approach
CAP
$465k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Lance Stromberg · 2 yrs held
Lance Stromberg
since 2023
Last sale
$550,000
4 recorded transactions
Zoning & alternative use
BR2 · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$390,000
+16.0%
Neighborhood: shopping center
$380,000
+13.7%
Medical building
$360,000
+8.1%
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 Daytona Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daytona 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
$455,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
$505,000
6.5%
$465,000
7%
$430,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$335,000
Current use
COMMERCIAL (GENERAL)
$390,000
Change: +16% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$380,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$360,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $550k (Dec 29 2023)
Last sale anchor
$550k
Dec 29 2023
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
$151 / 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
$3,474
Tax year 2023
Assessed value
$193,770
Assessed 2023
Previous assessed
$193,770
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$16,663
Assessed improvement
$177,107
Land market value
$16,663
Improvement market value
$177,107
Total market value
$193,770
Applied tax rate
204.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
3
Bathrooms
3
Total area
3,446 SF
Lot
0.18 ac (7,750 SF)
Zoning code
BR2
APN
5239-06-28-0220
UPID
US19-0406870
Jurisdiction
VOLUSIA
Zoning & alternative use
BR2 · Daytona Beach, FL
Zoning BR2 · permitted uses
BR2 · Daytona Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Daytona Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$335,000
COMMERCIAL (GENERAL)
Est. value
$390,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$380,000
MEDICAL BUILDING
Est. value
$360,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
3
Bathrooms
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
Lance Stromberg
Individual
Mailing address
154 N HWY 27TH #154, CLERMONT, FL 34711-2402
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
$550,000
Lance Stromberg
Christopher M Gay
Warranty Deed
$290,000 · Snowbirds Real Estate LLC
Jan 19, 2021
$36,000
Snowbirds Real Estate LLC
Jeff Weibel
Warranty Deed
—
Jan 19, 2021
$400,000
Snowbirds Real Estate LLC
716 Orange LLC
Warranty Deed
$211,000 · 716 Orange LLC
Mar 9, 2004
$51,000
716 Orange LLC
Neal,cathy J
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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