Tunnel-Style Car Wash
For Sale
$775,000
75 S Tymber Creek Road, Ormond Beach, FL 32174
Commercial Sale, Ormond Beach, FL
Property Size2,922 SF
Lot Size0.66 Acres
Price / SF$265.23
Days on Market777
Property Features for 75 S Tymber Creek Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Retail
Directions
West on SR 40 from I95 to South on Tymber Creek. First drive on left to car wash.
Subdivision
43 - Ormond S of Granada, W of 95
Standard status
Active
APN
4125-14-00-0030
Size
2,922 SF
Lot size
0.66 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
LOT 3 TYMBER CREEK PLAZA MB 52 PGS 47-48 INC PER OR 5749 PGS 3093-3094 INC PER OR 5749 PGS 3095-3096 INC
Tax Annual Amount
6172
Legal Description
LOT 3 TYMBER CREEK PLAZA MB 52 PGS 47-48 INC PER OR 5749 PGS 3093-3094 INC PER OR 5749 PGS 3095-3096 INC
Utilities
Sewer type
Public Sewer
Water source
Public
Water front features
Pond
Water front
1
Amenities
canopy
corner lot
mature landscaping
pond
directional signage
multiple entry points
Building Details
Year built
2008
Building materials
Block, Concrete, Stucco
Roof type
Tile
Listing Agency:
Realty Pros Assured
(386) 677-7653
Listed By:
Beau Warren · License #SL3207370
(386) 589-5754
Added: Jul 11, 2024
Changed: Aug 20
Last Checked: Aug 26 at 11:06AM
MLS# 1201376
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 0.66-acre commercial property includes a concrete-block building with stucco elements, a tile roof, approximately 1,200 square feet of enclosed space, and an approximately 1,300-square-foot canopy. The improvements were constructed in 2008 and were formerly used for a tunnel-style car wash. Multiple access points and an internal layout designed for vehicle circulation support continued automotive use or redevelopment into another service-oriented commercial format.
The property occupies a corner lot at 75 S Tymber Creek Road in Ormond Beach, Florida. A pond borders the site, while mature landscaping contributes to the existing setting. Public water and public sewer are available, and the covered area provides additional space associated with service lanes, customer areas, or display functions.
The property occupies a corner lot at 75 S Tymber Creek Road in Ormond Beach, Florida. A pond borders the site, while mature landscaping contributes to the existing setting. Public water and public sewer are available, and the covered area provides additional space associated with service lanes, customer areas, or display functions.
Key Highlights
- Former tunnel‑style car wash on a 0.66‑acre corner lot
- Approximately 1,200 square feet of enclosed interior space
- Approximately 1,300 square foot canopy
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
$44,372
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
5.73%
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%
$887,440
$887.4K
Cap Rate 7%
$633,886
$633.9K
Cap Rate 9%
$493,022
$493.0K
Market Conditions
NOI Build-Up for 2,922 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
$64.2K $21.96/SF
− Vacancy
−$5.0K −$1.71/SF
EGI
$59.2K $20.25/SF
− OpEx
−$14.8K −$5.06/SF
NOI
$44.4K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /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%
$887,440
Cap Rate 7%
$633,886
Cap Rate 9%
$493,022
Alternative Uses
Best Use
Specialty Retail
$633.9K
$554.7K – $739.5K
NOI $44,372 @ 7.0% cap · market cap 5.73%
Second Best
Retail
$393.2K
$344.0K – $458.7K
NOI $27,521 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$861.6K
$753.9K – $1.01M
NOI $60,310 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
15,683 visits/mo
0.1 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?
Car wash - Corner-lot commercial site with a covered canopy, landscaped grounds, and public water and sewer service.
Where is this car wash located?
The property is located at 75 S Tymber Creek Road Ormond Beach, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Former tunnel‑style car wash on a 0.66‑acre corner lot; Approximately 1,200 square feet of enclosed interior space; Approximately 1,300 square foot canopy
