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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Medical Office Space
Canal St New Smyrna Beach, FL 32168
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-6624219
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,940 SF
Lot
1.16 ac (50,600 SF)
Zoning code
R5
APN
7418-08-33-0010
UPID
US18-6624219
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
$880k
Comparable Approach
Comparable
$594k
Blend (final)
Blend
$740k
Owner & transaction history
Welch Land Holding LLC · 9 yrs held
Welch Land Holding LLC
since 2016
6 recorded transactions
Zoning & alternative use
R5 · New Smyrna Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$980,000
+33.6%
Retail stores
$880,000
+20.2%
Warehouse, storage
$815,000
+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%
$955,000
6.5%
$880,000
7%
$820,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$735,000
Current use
AUTO REPAIR, GARAGE
$980,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$880,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$815,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$705,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$188 / 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
$18,000
Tax year 2023
Assessed value
$984,320
Assessed 2023
Previous assessed
$918,870
+7.1% YoY
Effective rate
1.83%
On assessed value
Assessed land
$253,810
Assessed improvement
$730,510
Land market value
$253,810
Improvement market value
$730,510
Total market value
$984,320
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Total area
3,940 SF
Lot
1.16 ac (50,600 SF)
Zoning code
R5
APN
7418-08-33-0010
UPID
US18-6624219
Jurisdiction
VOLUSIA
Zoning & alternative use
R5 · New Smyrna Beach, FL
Zoning R5 · permitted uses
R5 · 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
$735,000
AUTO REPAIR, GARAGE
Est. value
$980,000
RETAIL STORES
Est. value
$880,000
WAREHOUSE, STORAGE
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$705,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Buildings
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
Welch Land Holding LLC
Entity
Mailing address
3951 S NOVA RD, PORT ORANGE, FL 32127-9270
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2020
—
Welch Land Holdings LLC
—
Deed
related
$1,151,078 · Truist Bank
Dec 14, 2018
—
Welch Land Holdings LLC
—
Deed
related
$1,173,243 · Suntrust Bank
Aug 5, 2016
$169,000
Welch Land Holding LLC
1363 Ents INC
Warranty Deed
$89,000 · Carol & Everett Weightman
Feb 25, 2013
$115,000
1363 Enterprises INC
Caladan LLC
Warranty Deed
$69,000 · Mainstreet Community Bank Of Florid
Sep 17, 2005
$300,000
Caladan
Berlin & Denys INC
Warranty Deed
$340,000 · Joseph W Jacobs
Aug 11, 2004
$166,000
Berlin & Denys INC
Williams,john L & Jane M
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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