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    Ormond Beach Warehouse with Parking Title is generated by Realmo AI

    1230 N Us Highway 1, Ormond Beach, FL 32174

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    Claim this Listing
    Pending
    $599,000

    COMMERCIAL - Ormond Beach, FL

    Property size:
    3,707 SF
    Lot size:
    6.60 Acres
    Added:
    Sep 5, 2025
    Days on Market:
    252
    Last Refresh:
    May 14 at 4:06 pm

    Property Features for 1230 N Us Highway 1

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Gated, Assigned, Parking Lot, Secured
    Security features
    Security Lighting
    Fencing
    Chain Link
    Standard status
    Pending
    APN
    4238-16-00-0090
    Size
    3,707 SF
    Lot size
    6.60 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    UNIT 9 HULL POINTE BUSINESS PARK CONDO PER OR 6187 PG 1174 PER OR 6191 PGS 1451-1452 PRVC
    Tax Annual Amount
    5597

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central, Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2008
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Block, Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Carl Velie

    Listing agent Carl Velie

    Listing office Coastal Realty of Volusia County 165 Windward Cir, Ormond Beach, FL

    Listing date Sep 5, 2025

    MLS# 1217618

    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.

    HighLights

    • Secured parking with electronic gate and fenced area
    • Centrally heated and cooled warehouse space
    • Meticulously maintained grounds in a professional business park atmosphere
    • Large roll‑up and walk‑thru doors for easy access
    • Epoxy finished concrete floors
    • Rough‑in for bathroom already in place

    Overview

    This is an open, high ceilinged and sprinkled warehouse featuring secured parking in the rear. The unit is centrally heated and cooled and has rough-in for a bathroom. The floors have an epoxy finish. Access to the fenced area behind the unit is provided by a large roll-up door and a walk-thru door. The grounds are meticulously maintained by the condo association, creating a professional business park atmosphere. Municipal trash and refuge services are included in the association fees, as is the building insurance, which does not cover individual units' buildout or contents insurance. Water and sewer services are billed by the association. The property is located in Ormond Beach, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Suncoast Storage LLC — 1160 North US, US-1, Ormond Beach, FL 32174
    • Boat & RV Storage — 1345B US-1, Ormond Beach, FL 32174
    • Storage Central Ormond — 1366 US-1, Ormond Beach, FL 32174
    • Stor-It Boat & RV Center — 99 Portland St, Ormond Beach, FL 32174
    • The Vanacore Companies Family — 1293 US-1, Ormond Beach, FL 32174

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.1113
    Latitude
    29.320076

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    FAQs

    What type of property is this?
    Warehouse - Open warehouse with secured parking and high ceilings.
    Where is this warehouse located?
    The property is located at 1230 N Us Highway 1 Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Secured parking with electronic gate and fenced area; Centrally heated and cooled warehouse space; Meticulously maintained grounds in a professional business park atmosphere
    (386) 679-4080
    We can help!
    Listing Contact
    Carl Velie
    Learn More
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    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.

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