Hull Pointe Business Park
For Sale
$337,500
1230 N US Highway 1 #30 Ormond, Ormond Beach, FL 32174
Flex space available within Hull Pointe Business Park.
Property Size2,298 SF
Days on Market153
Property Features for 1230 N US Highway 1 #30 Ormond
General Information
Standard status
Active
Size
2,298 SF
Class
B
Property subtype
Multi Tenant Office
Building Details
Building Size
2,298 SF
Year Built
2008
Properties For Sale
at 1230 N US Highway 1 #30 Ormond
1230 N US-1, Unit 30
Size
2,298 SF
Lease Type
NNN
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
Listed By:
Carl Lentz · License #3068067
(386) 310-7900
Source:
Thebrokerlist
Added: May 14
Changed: Oct 10
Last Checked: Oct 12 at 4:37PM
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 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
