Sprinklered Warehouse With Secured
For Sale
$599,000
Pending
1230 N Us Highway 1, Ormond Beach, FL 32174
COMMERCIAL - Ormond Beach, FL
Property Size3,707 SF
Lot Size6.60 Acres
Days on Market346
Property Features for 1230 N Us Highway 1
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Parking features
Gated, Parking Lot, Secured, Assigned
Security features
Security Lighting
Fencing
Chain Link
Lot features
Corner Lot, Few Trees
Directions
From Granada north on US-1 3.9 miles. Property is in the NWC of US-1/Hull Rd. Unit (9) is centrally located on north side of the building.
Subdivision
45 - Ormond N of 40, W of US1, E of 95
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
HOA Fee
$889 Monthly
Legal Description
UNIT 9 HULL POINTE BUSINESS PARK CONDO PER OR 6187 PG 1174 PER OR 6191 PGS 1451-1452 PRVC
Utilities
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
secured parking
electronic gate
grounds maintenance
trash service
building insurance
Building Details
Year built
2008
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Block, Metal Siding
Roof type
Metal
Listing Agency:
Coastal Realty of Volusia County
(386) 679-4080
Listed By:
Carl Velie
(386) 679-4080
Added: Sep 5, 2025
Changed: Aug 4
Last Checked: Aug 16 at 4:06AM
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.
Investment Insights
Based on property information with market context.
This 3,707-square-foot warehouse was built in 2008 with block and metal siding, a metal roof, concrete flooring, and a sprinkler system. Central heating and cooling support year-round climate control, while an epoxy floor finish provides a durable interior surface. The unit includes a large roll-up door, a walk-through door, and existing plumbing rough-in for a bathroom.
The rear area is fenced with chain-link construction and accessed through an electronic gate. Parking is gated, secured, assigned, and provided within a parking lot. Public water and public sewer serve the property. The condominium association maintains the grounds, includes municipal trash and refuse service in its fees, and carries building insurance; coverage for individual unit buildout and contents is excluded. Water and sewer are billed by the association.
The rear area is fenced with chain-link construction and accessed through an electronic gate. Parking is gated, secured, assigned, and provided within a parking lot. Public water and public sewer serve the property. The condominium association maintains the grounds, includes municipal trash and refuse service in its fees, and carries building insurance; coverage for individual unit buildout and contents is excluded. Water and sewer are billed by the association.
Key Highlights
- 3,707‑square‑foot warehouse built in 2008
- Central heating and cooling with a sprinkler system
- Large roll‑up door and walk‑through door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,814
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$596,280
$596.3K
Cap Rate 7%
$425,914
$425.9K
Cap Rate 9%
$331,267
$331.3K
Market Conditions
NOI Build-Up for 3,707 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.9K $9.96/SF
− Vacancy
−$1.8K −$0.50/SF
EGI
$35.1K $9.46/SF
− OpEx
−$5.3K −$1.42/SF
NOI
$29.8K $8.04/SF
Area
Volusia County, FL
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$596,280
Cap Rate 7%
$425,914
Cap Rate 9%
$331,267
Alternative Uses
Best Use
Warehouse
$425.9K
$372.7K – $496.9K
NOI $29,814 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$956.4K – $1.28M
NOI $76,512 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Well-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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- The Vanacore Companies Family — 1293 US-1, Ormond Beach, FL 32174
Frequently Asked Questions
What type of property is this?
Warehouse - Climate-controlled warehouse with epoxy floors, gated rear access, and a bathroom rough-in.
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: 3,707‑square‑foot warehouse built in 2008; Central heating and cooling with a sprinkler system; Large roll‑up door and walk‑through door
