Multi-Tenant Office
For Sale
$585,000
325 S Yonge Street, Ormond Beach, FL 32174
Commercial Sale, Ormond Beach, FL
Property Size2,704 SF
Lot Size0.45 Acres
Price / SF$216.35
Days on Market153
Property Features for 325 S Yonge Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Subdivision
Rio Vista Gardens
Lot features
Corner Lot
Directions
From Granada, turn South bound on US-1, left turn on Division Ave, the property will be on the right side in the corner of US-1 and Division Ave.
Standard status
Active
APN
4242-10-05-0280
Size
2,704 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 28 TO 31 INC EXC RD & EXC TR FOR R/W IN LOT 31 MEAS 20 FT ON N/L & MEAS 28.43 FT ON E/L BLK 5 RIO VISTA GARDENS MB 9 PGS 37-38 INC LOTS 1 & 2 BLK 2 BOSTROMS SUB HAND TRACT MB 2 PG 153 EXC E 90 FT THEREOF PER OR 4808 PGS 2366-2367 PER OR 6224 PGS 0035
Tax Annual Amount
3745
Legal Description
LOTS 28 TO 31 INC EXC RD & EXC TR FOR R/W IN LOT 31 MEAS 20 FT ON N/L & MEAS 28.43 FT ON E/L BLK 5 RIO VISTA GARDENS MB 9 PGS 37-38 INC LOTS 1 & 2 BLK 2 BOSTROMS SUB HAND TRACT MB 2 PG 153 EXC E 90 FT THEREOF PER OR 4808 PGS 2366-2367 PER OR 6224 PGS 0035
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Block, Concrete, Stucco
Listing Agency:
Oceans Luxury Realty Full Service LLC
(386) 236-3700
Listed By:
Dayanis Purucker · License #3366027
(386) 315-4450
Added: Mar 23
Changed: Aug 20
Last Checked: Aug 22 at 11:06PM
MLS# 1224442
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 2,704-square-foot office building contains two separate tenant suites, each with its own entrance. The concrete block and stucco structure was built in 1958 and includes carpet and vinyl flooring, central air, central and electric heating, two bathrooms, and an on-site parking lot. An accessible approach with ramp is also provided.
The property is located at 325 S Yonge Street in Ormond Beach, directly on US Highway 1 at Division Avenue. Public water and public sewer serve the site, while cable is available. Both suites are occupied, and the B-5 Service Commercial zoning supports the existing office configuration and a range of service-commercial uses.
The property is located at 325 S Yonge Street in Ormond Beach, directly on US Highway 1 at Division Avenue. Public water and public sewer serve the site, while cable is available. Both suites are occupied, and the B-5 Service Commercial zoning supports the existing office configuration and a range of service-commercial uses.
Key Highlights
- 2,704 SF office building on a 0.45‑acre site
- Two occupied tenant suites with independent entrances
- B‑5 Service Commercial zoning
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
$40,519
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
6.93%
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%
$810,380
$810.4K
Cap Rate 7%
$578,843
$578.8K
Cap Rate 9%
$450,211
$450.2K
Market Conditions
NOI Build-Up for 2,704 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
$58.4K $21.60/SF
− Vacancy
−$4.4K −$1.62/SF
EGI
$54.0K $19.98/SF
− OpEx
−$13.5K −$5.00/SF
NOI
$40.5K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$810,380
Cap Rate 7%
$578,843
Cap Rate 9%
$450,211
Alternative Uses
Best Use
Office B
$578.8K
$506.5K – $675.3K
NOI $40,519 @ 7.0% cap · market cap 6.93%
Second Best
Retail
$363.8K
$318.4K – $424.5K
NOI $25,468 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$797.3K
$697.6K – $930.2K
NOI $55,811 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
23,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
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
Market
Vacancy Rate% for Office 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?
Office building - Two occupied suites offer a compact commercial configuration with separate entrances, on-site parking, and B-5 Service Commercial zoning.
Where is this office building located?
The property is located at 325 S Yonge Street Ormond Beach, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 2,704 SF office building on a 0.45‑acre site; Two occupied tenant suites with independent entrances; B‑5 Service Commercial zoning
