End-Unit Flex
1291 US HWY 1, Ormond Beach, FL 32174
For Sale
$299,000
Commercial Sale, Ormond Beach, FL
Property Size2,016 SF
Lot Size0.02 Acres
Price / SF$148.31
Days on Market94
Property Features for 1291 US HWY 1
General Information
Property type
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Zoning description
Bathrooms
Full bathrooms
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Parking features
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Size
Lot size
Taxes and HOA fees
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Tax Description
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Building Details
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Listing Agency:
RE/MAX Select Professionals
Listed By:
Pamela Capela · License FL BK3195780
(386) 283-4966
Added: Aug 11
Changed: Oct 27
Last Checked: Nov 12 at 9:06AM
MLS# 1229544
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,016-square-foot end-unit commercial condominium was built in 2007 and is located within Ormond Commerce Park. The property combines a functional interior with wood, tile, and concrete flooring, central air, electric heating, and a metal roof. Block, concrete, and stucco construction, along with public water and public sewer service, support the existing commercial configuration. The layout may accommodate office, flex, warehouse, or light industrial functions, subject to zoning and condominium requirements.
The property fronts US Highway 1 and is approximately 2 miles from Interstate 95, 2.5 miles from Nova Road, and near Destination Daytona. On-site parking is provided through a parking lot, with access to Ormond Beach, Daytona Beach, and the surrounding business area. Any dimensions, permitted uses, zoning matters, and condominium requirements should be verified by the buyer.
The property fronts US Highway 1 and is approximately 2 miles from Interstate 95, 2.5 miles from Nova Road, and near Destination Daytona. On-site parking is provided through a parking lot, with access to Ormond Beach, Daytona Beach, and the surrounding business area. Any dimensions, permitted uses, zoning matters, and condominium requirements should be verified by the buyer.
Key Highlights
- 2,016‑square‑foot end‑unit commercial condominium in Ormond Commerce Park
- Approximately 2 miles from Interstate 95 and 2.5 miles from Nova Road
- Positioned along US Highway 1 near Destination Daytona
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.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Under-served
Demand for This Use
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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
$315,100
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Volusia County, FL
Properties on Market for Flex space in Volusia County
Vacancy Rate% for Industrial 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, practical access, and a layout supporting office or industrial functions.
Where is this flex space located?
The property is located at 1291 US HWY 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 in Ormond Commerce Park; Approximately 2 miles from Interstate 95 and 2.5 miles from Nova Road; Positioned along US Highway 1 near Destination Daytona
