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Property profile & analytics
OFF-MARKET
Medical Office Space
785 Granada Blvd Ormond Beach, FL 32174-9522
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5398347
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
WOOD
Total area
2,500 SF
Lot
2.15 ac (93,582 SF)
Zoning code
B1
APN
4221-00-01-0061
UPID
US18-5398347
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
-
Dr. Edward T. Mclaughlin, MD Dental Office
-
BERNARD S ZEFFREN Physician Medical Clinic
-
Your Home Sold Guaranteed Ormond Beach- Dan Lewis Group Real Estate Agency
-
Proclaims Medical billing Medical Billing Service
-
Ryan Ochipa - State Farm Insurance Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Frederick Annon JR · 3 yrs held
Frederick Annon JR
since 2023
Last sale
$2.5M
2 recorded transactions
Zoning & alternative use
B1 · Ormond 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$21,009
Tax year 2023
Assessed value
$1,286,606
Assessed 2023
Previous assessed
$1,231,921
+4.4% YoY
Effective rate
1.63%
On assessed value
Assessed land
$579,039
Assessed improvement
$707,567
Land market value
$579,039
Improvement market value
$707,567
Total market value
$1,286,606
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Bathrooms
10
Total area
2,500 SF
Lot
2.15 ac (93,582 SF)
Zoning code
B1
APN
4221-00-01-0061
UPID
US18-5398347
Jurisdiction
VOLUSIA
Zoning & alternative use
B1 · Ormond Beach, FL
Zoning B1 · permitted uses
B1 · Ormond Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ormond Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
10
Lot
2.15 ac
Current owner
From public records · entity-resolved
Frederick Annon JR
Individual
Free & Clear · 3 yrs held
Mailing address
10 12TH OAKS TRL, ORMOND BEACH, FL 32174-8519
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2023
$2,500,000
Frederick Annon JR
Steel Square Asset Management LLC
Warranty Deed
—
Apr 8, 2022
$1,450,000
Steel Square Asset Management LLC
Mclaughlin & Davis Properties LLC
Warranty Deed
$1,087,500 · Vystar Cu
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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