Retail Space with Roll-Up
For Sale
$209,900
1457 N Us Highway 1, Ormond Beach, FL 32174
Commercial Sale, Ormond Beach, FL
Property Size1,282 SF
Lot Size0.02 Acres
Price / SF$163.73
Days on Market259
Property Features for 1457 N Us Highway 1
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Directions
From U.S.1 head north pass Granada, right before you get to I-95 the Complex is on the right-hand side.
Subdivision
46 - Ormond N of Tomoka River, E of US1
Standard status
Active
APN
3136-03-0C-0230
Size
1,282 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 23 BLDG C GARDENS BUSINESS CENTER CONDO PER OR 5243 PG 3750 PER OR 5248 PG 2071 PER OR 7686 PG 4075
Tax Annual Amount
2051
Legal Description
UNIT 23 BLDG C GARDENS BUSINESS CENTER CONDO PER OR 5243 PG 3750 PER OR 5248 PG 2071 PER OR 7686 PG 4075
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Heat Pump, Separate Meters
Water source
Public
Building Details
Year built
2004
Flooring type
Tile
Building materials
Block
Listing Agency:
FAME Real Estate LLC
(386) 334-2226
Listed By:
Mike Khorassani
(386) 334-2226
Added: Dec 9, 2025
Changed: Aug 20
Last Checked: Aug 25 at 9:06AM
MLS# 1220704
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,282-square-foot business condominium provides a compact retail configuration with a reception area, one office, and one bathroom. The one-story structure was built in 2004 using concrete block construction and includes tile flooring, central air, heat-pump cooling, and electric heating. A roll-up door at the rear supports receiving and service access, while separate meters are included in the cooling system configuration.
The property is located at 1457 N US Highway 1 in Ormond Beach, approximately one-half mile from Interstate I-95. Site features include a parking lot, public water, public sewer, and cable availability. The space is currently rented and is offered as a commercial sale.
The property is located at 1457 N US Highway 1 in Ormond Beach, approximately one-half mile from Interstate I-95. Site features include a parking lot, public water, public sewer, and cable availability. The space is currently rented and is offered as a commercial sale.
Key Highlights
- 1,282 SF business condominium with reception area, 1 office, and 1 bathroom
- Currently rented
- Rear roll‑up door for receiving and service access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,075
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$241,500
$241.5K
Cap Rate 7%
$172,500
$172.5K
Cap Rate 9%
$134,167
$134.2K
Market Conditions
NOI Build-Up for 1,282 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.2K $15.00/SF
− Vacancy
−$2.0K −$1.55/SF
EGI
$17.2K $13.46/SF
− OpEx
−$5.2K −$4.04/SF
NOI
$12.1K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$241,500
Cap Rate 7%
$172,500
Cap Rate 9%
$134,167
Alternative Uses
Best Use
Retail
$172.5K
$150.9K – $201.3K
NOI $12,075 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$378.0K
$330.8K – $441.0K
NOI $26,460 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
114k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 47%
RaceTrac
Shops & Services
37,835 visits/mo
0.2 miles
McDonald's
Dining
32,473 visits/mo
0.3 miles
Dunkin' Donuts
Dining
13,342 visits/mo
0.3 miles
Dollar General
Shops & Services
9,373 visits/mo
0.3 miles
Waffle House
Dining
8,106 visits/mo
0.4 miles
Demographics for 32174, FL
53,097
Population
26,303
Households
2
Avg Household Size
55
Median Age
33%
College-Educated
93%
High-School Grad
125.4 sq mi
ZIP Area
423
Density / Sq Mi
$67,817
Median Household Income
$41,452
Median Earnings
$1,316
Median Rent
$315,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Rented one-story business condo with office, reception area, bath, and rear loading access.
Where is this retail space located?
The property is located at 1457 N Us Highway 1 Ormond Beach, FL.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 1,282 SF business condominium with reception area, 1 office, and 1 bathroom; Currently rented; Rear roll‑up door for receiving and service access
