End-Unit Flex
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 Market51
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, Tile - Ceramic
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
Changed: Oct 12
Last Checked: Oct 13 at 6:06PM
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 / Yr
$22,733
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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
