8-Bay Warehouse
New
For Sale
$1,350,000
300 S Yonge Street, Ormond Beach, FL 32174
Commercial Sale, Ormond Beach, FL
Property Size8,000 SF
Lot Size0.39 Acres
Price / SF$168.75
Days on Market1
Property Features for 300 S Yonge Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Rio Vista Gardens
Directions
Heading down Yonge its between Division and Hand
Standard status
Active
APN
4242-10-06-0250
Size
8,000 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 25 TO 28 INC & N .50 FT OF LOT 24 BLK 6 RIO VISTA GARDENS MB 9 PGS 37 & 38 PER OR 4828 PGS 0471-0472 PER OR 6738 PG 1909 PER OR 7804 PGS 2084-2092 PER OR 8349 PG 0030
Tax Annual Amount
4484
Legal Description
LOTS 25 TO 28 INC & N .50 FT OF LOT 24 BLK 6 RIO VISTA GARDENS MB 9 PGS 37 & 38 PER OR 4828 PGS 0471-0472 PER OR 6738 PG 1909 PER OR 7804 PGS 2084-2092 PER OR 8349 PG 0030
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1973
Floors in Building
1
Flooring type
Concrete
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Shoreline Realty
Listed By:
Matthew McLean · License #3342557
(386) 585-5571
Added: Sep 29
Last Checked: Sep 29 at 6:06PM
MLS# 1231284
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.
The 0.39-acre property includes two warehouse buildings along S Yonge Street and eight 1,000-square-foot bays at the rear. Seven bays are currently rented. The buildings date to 1973 and feature metal siding, metal roofing, and concrete floors.
Located at 300 S Yonge Street in Ormond Beach, the property has public water service and public sewer.
Located at 300 S Yonge Street in Ormond Beach, the property has public water service and public sewer.
Key Highlights
- Seven of eight rear bays are currently rented
- Two warehouse buildings front S Yonge Street, with eight 1,000‑square‑foot bays behind them
- 0.39‑acre site
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
$64,342
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
4.77%
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%
$1,286,840
$1.3M
Cap Rate 7%
$919,171
$919.2K
Cap Rate 9%
$714,911
$714.9K
Market Conditions
NOI Build-Up for 8,000 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
$79.7K $9.96/SF
− Vacancy
−$4.0K −$0.50/SF
EGI
$75.7K $9.46/SF
− OpEx
−$11.4K −$1.42/SF
NOI
$64.3K $8.04/SF
Area
Volusia County, FL
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
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%
$1,286,840
Cap Rate 7%
$919,171
Cap Rate 9%
$714,911
Alternative Uses
Best Use
Warehouse
$919.2K
$804.3K – $1.07M
NOI $64,342 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,120 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Two warehouse buildings front the street, with seven rear bays currently rented.
Where is this warehouse located?
The property is located at 300 S Yonge Street Ormond Beach, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Seven of eight rear bays are currently rented; Two warehouse buildings front S Yonge Street, with eight 1,000‑square‑foot bays behind them; 0.39‑acre site
