Ormond Beach Commercial Property For
300 Washington Place Ormond Beach, FL 32174
300 Washington Place, Ormond Beach, FL, 32174
$575,000
For Sale
$575,000
Versatile commercial building with warehouse space and ample parking.
Property Size1,800 SF
Lot Size0.25 Acres
Price / SF$319.44
Days on Market442
Property Features for 300 Washington Place
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 0.25 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1986
Listing Agency
Realty Pros Assured
(386) 589-5754
Listed by
Beau Warren · License #3207370
(386) 589-5754
Source
Exitrealty
Added: May 2, 2025 Checked: Jul 16 at 4:25 am
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 Realty Pros Assured
Investment Insights
Based on property information with market context.
This commercial property is located in Ormond Beach, Florida, and is situated on a fully fenced 1/4-acre corner lot. The building provides nearly 1,800 square feet of space, featuring a lobby, two offices, two restrooms, and a 1,310 square foot warehouse area. The warehouse includes dual 10-foot roll-up doors. The property also features ample parking and a secure gated entry. Zoned B-4, the property supports a range of uses such as business or professional offices, business services, retail sales and services, and mixed-use development. The property's layout and location make it suitable for various commercial ventures.
Key Highlights
- Highly visible corner lot location in Ormond Beach.
- Versatile 1,800 sqft space featuring a lobby, offices, restrooms, and a 1,310 sqft warehouse.
- Zoned B‑4, supporting a wide range of commercial uses.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.9k | $21.60 |
| − Vacancy | −$2.9k | −$1.62 |
| EGI | $36.0k | $19.98 |
| − OpEx | −$9.0k | −$5.00 |
| NOI | $27.0k | $14.99 |
1,800 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$385.3K
$337.2K – $449.6K
NOI $26,973 @ 7.0% cap · market cap 4.69%
Second Best
Retail
$242.2K
$211.9K – $282.6K
NOI $16,953 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$530.7K
$464.4K – $619.2K
NOI $37,152 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
KlEENKUTT Storages
Storage Facility
EJO Lawn Service ...
Landscaping
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FAQs
What type of property is this?
Warehouse - Versatile commercial building with warehouse space and ample parking.
Where is this warehouse located?
The property is located at 300 Washington Place Ormond Beach, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Highly visible corner lot location in Ormond Beach.; Versatile 1,800 sqft space featuring a lobby, offices, restrooms, and a 1,310 sqft warehouse.; Zoned B‑4, supporting a wide range of commercial uses.
