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    135 N Yonge St Ormond Beach, FL 32174

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    For Sale
    $1,700,000

    Approved 4.9-acre multifamily site for 64 apartments in Ormond Beach.

    Property size:
    4 SF
    Lot size:
    4.90 Acres

    Property Features for 135 N Yonge St

    General Information

    Size
    4 SF
    Lot size
    4.90 Acres
    Source: Svn

    Listing Agent: Chris Butera

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

    Overview

    Approved Multifamily Project Site

    Offered for sale is a fully approved multifamily project site located in Ormond Beach, FL. This 4.9-acre site, known as the Ormond Enclave Apartment Site, is designed for 64 apartments housed within 8 two-story buildings. The development plan includes 32 two-bedroom units, each measuring 940 square feet, and 32 three-bedroom units, each offering 1,177 square feet of living space. With all site plan approvals secured, construction can commence immediately. Situated on the northeast corner of N Yonge St (US Hwy 1) and Highland Ave, the location provides convenient access to various amenities. The site is within walking distance of Downtown Ormond Beach, with its diverse array of restaurants, bars, shops, and services. Furthermore, the Atlantic Ocean is just 1.5 miles away. This property presents a unique opportunity to introduce much-needed rental housing to the downtown area, addressing the significant demand for quality rental options in this location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0635036
    Latitude
    29.2865306

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    FAQs

    What type of property is this?
    Residential land & home lot - Approved 4.9-acre multifamily site for 64 apartments in Ormond Beach.
    Where is this residential land & home lot located?
    The property is located at 135 N Yonge St Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Fully approved multifamily project ready for immediate construction; - Prime location walkable to Downtown Ormond Beach, Intracoastal River, and close to the Atlantic Ocean; - Includes a mix of 32 two-bedroom and 32 three-bedroom units
    (386) 453-4789
    Request Owner's contact information
    135 N Yonge St Ormond Beach, FL 32174
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    Ormond Beach, FL 32174
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    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
    135 N Yonge St Ormond Beach, FL 32174
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