End-Unit Flex
For Sale
$299,000
1291 N Us Highway 1 Unit 7, Ormond Beach, FL 32174
Well-maintained commercial condominium with natural light and a versatile layout for office or industrial functions, subject to applicable regulations.
Property Size2,016 SF
Price / SF$148.31
Days on Market52
Property Features for 1291 N Us Highway 1 Unit 7
General Information
Standard status
Active
Size
2,016 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2007
Listing Agency:
RE/MAX SELECT PROFESSIONALS
Listed By:
Pam Capela · License #3195780
(386) 986-6284
Source:
Chenoregroup
Added: Aug 26
Changed: Oct 12
Last Checked: Oct 7 at 1:05PM
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 RE/MAX SELECT PROFESSIONALS
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Investment Insights
Based on property information with market context.
This 2,016-square-foot commercial condominium is an end unit in Ormond Commerce Park. Built in 2007, the property is described as well maintained and receives abundant natural light. Its functional configuration can accommodate office, flex, warehouse, or light industrial operations, subject to zoning and condominium requirements.
The unit fronts US Highway 1 and is approximately 2 miles from Interstate 95 and Destination Daytona, with Nova Road about 2.5 miles away. This location provides access to Ormond Beach, Daytona Beach, and the surrounding commercial area.
The unit fronts US Highway 1 and is approximately 2 miles from Interstate 95 and Destination Daytona, with Nova Road about 2.5 miles away. This location provides access to Ormond Beach, Daytona Beach, and the surrounding commercial area.
Key Highlights
- 2,016‑square‑foot end‑unit commercial condominium
- Built in 2007 and described as well maintained
- Abundant natural light and functional interior layout
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
Office B
$431.6K
$377.6K – $503.5K
NOI $30,210 @ 7.0% cap · market cap 10.10%
Second Best
Flex RnD
$324.8K
$284.2K – $378.9K
NOI $22,733 @ 7.0% cap · market cap 7.60%
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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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 - Well-maintained commercial condominium with natural light and a versatile layout for office or industrial functions, subject to applicable regulations.
Where is this flex space located?
The property is located at 1291 N Us Highway 1 Unit 7 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; Built in 2007 and described as well maintained; Abundant natural light and functional interior layout
