End-Unit Flex
New
For Sale
$299,000
1291 N US HIGHWAY 1, Ormond Beach, FL 32174
Commercial Sale, ORMOND BEACH, FL
Property Size2,016 SF
Lot Size0.03 Acres
Price / SF$148.31
Days on Market6
Property Features for 1291 N US HIGHWAY 1
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
ORMOND COMMERCE PARK
Directions
North on US 1 from Granada Blvd to Ormond Commerce Park to building 1291 unit 7 on left. Located two miles south of the I-95/US-1 Interchange on US Highway 1.
Standard status
Active
APN
4206-08-00-3070
Size
2,016 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 307 AMENDMENT TO ORMOND COMMERCE PARK CONDO PER OR 6162 PG 2362 PER OR 6162 PG 2379 PER OR 6754 PG 0220 PER OR 8319 PG 3333
Tax Annual Amount
4637
Legal Description
UNIT 307 AMENDMENT TO ORMOND COMMERCE PARK CONDO PER OR 6162 PG 2362 PER OR 6162 PG 2379 PER OR 6754 PG 0220 PER OR 8319 PG 3333
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2007
Floors in Building
2
Flooring type
Tile - Ceramic, Tile
Building materials
Block, Concrete, Stucco
Roof type
Metal
Listing Agency:
RE/MAX SELECT PROFESSIONALS · RE/MAX International
(386) 283-4966
Listed By:
Pam Capela · License #3195780
(386) 986-6284
Added: Aug 24
Last Checked: Aug 29 at 1:06PM
MLS# FC320845
Copyright © 2026 Stellar MLS. 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 2,016-square-foot end-unit commercial condominium was built in 2007 and features a layout suited to office, flex, warehouse, or light industrial functions, subject to applicable zoning and condominium rules. Block, concrete, and stucco construction is paired with ceramic tile flooring, central heating, central air, a metal roof, and public sewer service.
The unit fronts US Highway 1 within Ormond Commerce Park, with approximately 2 miles separating it from Interstate 95 and Destination Daytona. Nova Road is approximately 2.5 miles away, providing access to Ormond Beach, Daytona Beach, and nearby commercial areas.
The unit fronts US Highway 1 within Ormond Commerce Park, with approximately 2 miles separating it from Interstate 95 and Destination Daytona. Nova Road is approximately 2.5 miles away, providing access to Ormond Beach, Daytona Beach, and nearby commercial areas.
Key Highlights
- 2,016‑square‑foot end‑unit commercial condominium
- Office, flex, warehouse, and light industrial use potential subject to zoning and condominium regulations
- Positioned along US Highway 1 in Ormond Commerce Park
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
$22,733
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
7.60%
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%
$454,660
$454.7K
Cap Rate 7%
$324,757
$324.8K
Cap Rate 9%
$252,589
$252.6K
Market Conditions
NOI Build-Up for 2,016 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
$38.2K $18.96/SF
− Vacancy
−$3.2K −$1.61/SF
EGI
$35.0K $17.35/SF
− OpEx
−$12.2K −$6.07/SF
NOI
$22.7K $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 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%
$454,660
Cap Rate 7%
$324,757
Cap Rate 9%
$252,589
Alternative Uses
Best Use
Flex RnD
$324.8K
$284.2K – $378.9K
NOI $22,733 @ 7.0% cap · market cap 7.60%
Second Best
Warehouse
$231.6K
$202.7K – $270.2K
NOI $16,214 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$594.4K
$520.1K – $693.5K
NOI $41,610 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
268
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Commercial condominium with office, warehouse, and light industrial utility, subject to zoning and condominium regulations.
Where is this flex space located?
The property is located at 1291 N US HIGHWAY 1 Ormond Beach, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,016‑square‑foot end‑unit commercial condominium; Office, flex, warehouse, and light industrial use potential subject to zoning and condominium regulations; Positioned along US Highway 1 in Ormond Commerce Park
