Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1506 N Us Highway 1 Ormond Beach, FL 32174

    For Sale
    $899,000

    1.6-acre retail site with highway frontage and full access.

    Property size:
    1 SF
    Lot size:
    1.60 Acres

    Property Features for 1506 N Us Highway 1

    General Information

    Size
    1 SF
    Lot size
    1.60 Acres

    Source: Chris Butera Agent Chris Butera

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

    Overview

    Ormond Beach Retail Development Site

    This 1.6+/- acre hard corner retail development site is located in Ormond Beach, FL, at the southwest corner of US Hwy 1 and Broadway Ave. The site benefits from a new traffic light installed in 2019, which provides access to the Ormond Crossings Business Park. The location is immediately south of I-95. The first tenant in this business park is Security First Insurance, which opened its 130,000 SF headquarters building in November 2019 and employs over 500 people. The property features over 300' of frontage on US Hwy 1 and full access via the Broadway Ave intersection. The zoning allows intense commercial development. All utilities are available to the site. The location is adjacent to a newly proposed Ace Hardware site. An adjacent 8,000 SF lot on Gowers St could also be assembled. The city and community support new retail development near the I-95 intersection (exit 273). The site is suitable for multiple QSRs, a strip center, or a restaurant.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.127366
    Latitude
    29.332353

    Nearby Similar for Sale

    • $1,199,000
      3,358 SF

      Former Bank Building in Downtown

      Two-story building suitable for various commercial uses.
      128 E Granada Blvd, Ormond Beach, FL 32176
      View Details
    • New
      $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 Ave, Ormond Beach, FL 32176
      View Details
    • $399,900
      1,530 SF

      Ormond Beach Commercial Property For Sale

      Exceptional commercial property in prime location with B-4 zoning.
      222 Hernandez Ave, Ormond Beach, FL 32174
      View Details
    • $1,350,000
      3,812 SF

      Class A Office Building

      Class A office building in an idyllic location on US1.
      479 N Us Highway 1, Ormond Beach, FL 32174
      View Details
    • $840,000
      5,657 SF

      Ormond Beach Commercial Property For Sale

      Commercial property ideal for auto sales, service, and repair.
      82 N Yonge St, Ormond Beach, FL 32174
      View Details
    • $1,350,000
      4,666 SF

      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

    FAQs

    What type of property is this?
    Commercial land - 1.6-acre retail site with highway frontage and full access.
    Where is this commercial land located?
    The property is located at 1506 N Us Highway 1 Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - High-visibility hard corner location at the intersection of US Hwy 1 and Broadway Ave, benefiting from a new traffic light.; - Located directly off US Hwy 1, adjacent to the entrance of the Ormond Crossings Business Park and its anchor tenant, Security First Insurance.; - Zoning allows for intense commercial development, suitable for multiple QSRs, a strip center, or a restaurant.
    (386) 453-4789
    Request Owner's contact information
    1506 N Us Highway 1 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.
    1506 N Us Highway 1
    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 Estimation

    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.

    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.

    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
    1506 N Us Highway 1 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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.