Hull Pointe Business Park
For Sale
$337,500
1230 N US Highway 1 #30, Ormond Beach, FL 32174
Flex space available within Hull Pointe Business Park.
Property Size2,298 SF
Days on Market147
Property Features for 1230 N US Highway 1 #30
General Information
Standard status
Active
Size
2,298 SF
Class
B
Property subtype
Office - General Office
Building Details
Building Size
2,298 SF
Year Built
2008
Units
1
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
Listed By:
Carl W. Lentz IV · License #3068067
(386) 310-7900
Source:
Commercialcafe
Added: May 14
Changed: Oct 5
Last Checked: Oct 7 at 9:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Alliance Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
Located within Hull Pointe Business Park, Unit #9 is available for sale. This property is classified as flex space, industrial property, and commercial real estate.
Key Highlights
- Located in Hull Pointe Business Park
- Unit #9
- Built in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,913
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,260
$518.3K
Cap Rate 7%
$370,186
$370.2K
Cap Rate 9%
$287,922
$287.9K
Market Conditions
NOI Build-Up for 2,298 SF
Gross rent
$43.6K $18.96/SF
− Vacancy
−$3.7K −$1.61/SF
EGI
$39.9K $17.35/SF
− OpEx
−$14.0K −$6.07/SF
NOI
$25.9K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,260
Cap Rate 7%
$370,186
Cap Rate 9%
$287,922
Alternative Uses
Best Use
Flex RnD
$370.2K
$323.9K – $431.9K
NOI $25,913 @ 7.0% cap · market cap 7.68%
Second Best
Industrial
$195.4K
$171.0K – $228.0K
NOI $13,681 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$677.6K
$592.9K – $790.5K
NOI $47,431 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Savory Sensations Corporate — 1295 US-1, Ormond Beach, FL 32174
Frequently Asked Questions
What type of property is this?
Flex space - Flex space available within Hull Pointe Business Park.
Where is this flex space located?
The property is located at 1230 N US Highway 1 #30 Ormond Beach, FL.
What is the asking price?
The asking price for this property is $337,500.
What are key features of this property?
This property features: Located in Hull Pointe Business Park; Unit #9; Built in 2008
