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

    1653 N Us Highway 1, Unit 106B Ormond Beach, FL 32174

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1,437 SF retail space in high-traffic Destination Daytona.

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Carl W. Lentz Iv, Mba, Ccim
    Source: Svn

    Listing Agent: Carl W. Lentz Iv, Mba, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Destination Daytona

    This 1,437 square foot retail space is located within Destination Daytona. The space is fully built out, featuring a front retail area and a rear storage/inventory/staging area. The property features 11-foot, 9-inch ceilings and ample parking. It is centrally located within the retail area of Destination Daytona, which attracts an estimated 625,000 visitors annually to its events. Potential business uses include retail, apparel, and event-oriented businesses. The property is situated just north of the US Highway 1 and Interstate 95 interchange. A nearby development, Ormond Crossings, has announced plans for 3,000 new homes and 2.5 million square feet of commercial space. The estimated CAM, real estate taxes, and insurance amount to $6.34 per square foot. The property is ready for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon 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
    -81.133224
    Latitude
    29.340734

    Nearby Similar for Sale

    • $762,000
      5,667 SF

      Ormond Beach Professional Office Space

      Turnkey office space in desirable Ormond Beach location.
      500 Memorial E-1 & Cir, Ormond Beach, FL 32174
      View Details
    • $795,000
      740 SF

      Ormond Beach Coastal Commercial Property

      Freestanding building with high visibility and income potential.
      1760 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • $115,000
      3,200 SF

      Established Hardware Store Business Opportunity

      Turn-key hardware business serving Ormond Beach peninsula for over 20 years.
      1294 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • $1,950,000
      12,800 SF

      Ormond Beach Industrial Flex Building

      12,800 SF industrial flex building in Ormond Beach Airport Business Park.
      3 E Tower Cir, Ormond Beach, FL 32174
      View Details
    • New
      $1,350,000
      Pending

      Class A Office Building

      Class A office building in Ormond Beach near I-95.
      479 N Us Highway 1, Ormond Beach, FL 32174
      View Details
    • $775,000
      2,922 SF

      Ormond Beach Commercial Building

      High-visibility commercial property with drive-thru potential in Ormond Beach.
      75 S Tymber Creek Rd, Ormond Beach, FL 32174
      View Details
    • $375,000
      1,530 SF

      Ormond Beach Commercial Property For Sale

      Commercial property with B-4 zoning, ideal for investors or owners.
      222 Hernandez Ave, 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 Dr, Ormond Beach, FL 32174
      View Details
    • New
      $350,000
      1,176 SF

      Ormond Beach Mixed-Use Commercial Property

      Mixed-use commercial property in Ormond Arts District with US1 frontage.
      203 S Yonge St, Ormond Beach, FL 32174
      View Details
    • New
      $629,900
      20.00 Acres

      Cleared Land Ready For Development

      20-acre agricultural-zoned property ideal for homestead or equestrian estate.
      201 Wasick Ln, Ormond Beach, FL 32174
      View Details
    • $599,900
      0.67 Acres

      Riverfront Commercial Land For Sale

      Commercial land with river frontage, dock, and potential uses.
      1003 Us Highway 1, Ormond Beach, FL 32174
      View Details
    • $230,000

      Established Bakery Business Opportunity

      Well-established bakery with loyal clientele and growth potential.
      175 S Nova Rd, Ormond Beach, FL 32174
      View Details

    FAQs

    What type of property is this?
    Retail space - 1,437 SF retail space in high-traffic Destination Daytona.
    Where is this retail space located?
    The property is located at 1653 N Us Highway 1, Unit 106B Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $16.
    What are key features of this property?
    This property features: - High annual visitor count: 625,000 visitors annually to Destination Daytona events.; - Located in Destination Daytona, a high-traffic destination.; - Immediate occupancy available.
    (386) 566-3726
    Request Owner's contact information
    1653 N Us Highway 1, Unit 106B Ormond Beach, FL 32174
    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.
    1653 N Us Highway 1, Unit 106B
    Ormond Beach, FL 32174
    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
    1653 N Us Highway 1, Unit 106B Ormond Beach, FL 32174
    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

    We can help!
    Listing Contact
    Carl W. Lentz Iv, Mba, Ccim
    Real Estate License ID: #BK3068067
    (386) 566-3726
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!