Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    711 TENNESSEE TERRACE Ormond Beach, FL 32174

    View on Map
    Claim this Listing
    For Sale
    $215,000

    Land - ORMOND BEACH, FL

    Lot size:
    1.10 Acres
    Added:
    Sep 23, 2025
    Days on Market:
    210
    Last Refresh:
    Apr 20 at 9:06 am

    Property Features for 711 TENNESSEE TERRACE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-4
    Exterior features
    Paved
    Standard status
    Active
    APN
    4242-04-20-0102
    Lot size
    1.10 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1247

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brandi Crain, PA

    Listing agent Brandi Crain, PA License #3416370

    Listing office IRON VALLEY REAL ESTATE OSCEOL 131 E 13th Street SUITE G, Saint Cloud, FL

    Listing date Sep 23, 2025

    MLS# S5135030 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot in Ormond Beach

    This 1.10-acre residential lot is located in Ormond Beach, Florida. Situated on a quiet street, the oversized property offers privacy and is located close to beaches, the Tomoka River, and outdoor recreation at nearby parks and trails. Access to I-95 is convenient, and shopping, dining, schools, and medical facilities are within easy reach. The location provides access to Daytona Beach, Flagler, and Central Florida. There are no HOA restrictions. The property is zoned R-4.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.069521
    Latitude
    29.256845

    Nearby Similar for Sale

    • $585,000
      2,704 SF

      Ormond Beach Commercial Investment Opportunity

      Fully leased retail/office building with high visibility and traffic.
      325 S Yonge Street, Ormond Beach, FL 32174
      View Details
    • $1,300,000
      5,650 SF

      Ormond Beach Commercial Property For Sale

      Versatile commercial property with high-security features and expansion potential.
      974 S Nova Road, Ormond Beach, FL 32174
      View Details
    • $1,200,000
      2,000 SF

      Turnkey Restaurant Space Near Beach

      Restaurant space with high visibility and seating for 81.
      188 E Granada Boulevard, Ormond Beach, FL 32176
      View Details
    • $470,000

      Prime Vacant Land on US HWY 1

      0.82 acres of commercial land with US HWY 1 frontage.
      670 S YONGE STREET, ORMOND BEACH, FL 32174
      View Details
    • $810,262
      6,725 SF

      Ormond Beach Retail Investment Opportunity

      Well-maintained, fully occupied retail building in Ormond Beach, Florida.
      401 N Us Highway 1, Ormond Beach, FL 32174
      View Details
    • $999,500
      5,139 SF

      Turn-Key Collision Center For Sale

      Equipped collision center with secured industrial compound on 0.68 acres.
      50 S Perrott Drive, Ormond Beach, FL 32174
      View Details
    • $1,699,000
      2,175 SF

      Ormond Beach Medical/Professional Office

      Iconic medical/professional office in central Ormond Beach Boulevard District.
      750 W Granada Boulevard, Ormond Beach, FL 32174
      View Details
    • $599,900

      Ormond Beach Land For Development

      2.85 acre property in the heart of Ormond Beach.
      11 Pearl Drive, Ormond Beach, FL 32174
      View Details
    • $3,800,000
      4,077 SF

      Ormond Beach Commercial Oceanfront Property

      Updated 4,077 SF restaurant on 0.87-acre corner lot.
      790 S Atlantic Avenue, Ormond Beach, FL 32176
      View Details
    • $140,000
      766 SF

      Ormond Beach Commercial Office Space

      First-floor office space in Boulevard Executive Park, Ormond Beach.
      555 W Granada Boulevard, Ormond Beach, FL 32174
      View Details
    • $799,000
      3,436 SF

      Ormond Beach Automotive Commercial Property

      High-traffic corner lot ideal for automotive sales, service, or repair.
      82 N Yonge Street, Ormond Beach, FL 32174
      View Details
    • $375,000
      1,350 SF

      Beachside Duplex in Ormond Beach

      Well-maintained duplex near the beach with income potential.
      7 CYPRESS CIRCLE, ORMOND BEACH, FL 32176
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.10-acre residential lot in the heart of Ormond Beach, Florida.
    Where is this residential land & home lot located?
    The property is located at 711 TENNESSEE TERRACE Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: 1.10‑acre residential lot in a desirable Ormond Beach location.; Minutes from beaches, the Tomoka River, parks, and trails.; Convenient access to I‑95 for easy commuting.
    (407) 334-7035
    We can help!
    Listing Contact
    Brandi Crain, PA
    Real Estate License ID: 3416370
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!