Retail Space in Destination
For Sale
Contact for pricing
1647 N US Highway 1 Unit 102, Ormond Beach, FL 32174
4,750 SF retail space for sale in Ormond Beach.
Property Size4,750 SF
Price / SF$0.00
Days on Market225
Property Features for 1647 N US Highway 1 Unit 102
General Information
Standard status
Active
Size
4,750 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
4,750 SF
Year Built
2006
Properties For Sale
at 1647 N US Highway 1 Unit 102
Unit 102
Size
4,750 SF
Type
Retail Condo
Term
Negotiable
Listed By:
Carl W. Lentz IV, MBA, CCIM · License #FL #BK3068067
(386) 566-3726
Source:
Svn
Added: Mar 6
Changed: Oct 6
Last Checked: Oct 16 at 6:12AM
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 Carl W. Lentz IV, MBA, CCIM
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 4,750 square foot retail space is available for sale within Destination Daytona. The property is located just north of the interchange of US Highway 1 and Interstate 95.
Key Highlights
- 4,750 SF Retail Space available
- Located in Destination Daytona
- Proximity to US Highway 1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,738
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,760
$894.8K
Cap Rate 7%
$639,114
$639.1K
Cap Rate 9%
$497,089
$497.1K
Market Conditions
NOI Build-Up for 4,750 SF
Gross rent
$71.3K $15.00/SF
− Vacancy
−$7.3K −$1.55/SF
EGI
$63.9K $13.46/SF
− OpEx
−$19.2K −$4.04/SF
NOI
$44.7K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,760
Cap Rate 7%
$639,114
Cap Rate 9%
$497,089
Alternative Uses
Best Use
Retail
$639.1K
$559.2K – $745.6K
NOI $44,738 @ 7.0% cap · market cap 319,557.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,040 @ 7.0% cap · market cap 700,285.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
52k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 41%
Hotels & Casinos 6%
Exxon
Shops & Services
16,182 visits/mo
0.2 miles
Dunkin' Donuts
Dining
13,342 visits/mo
0.5 miles
Dollar General
Shops & Services
9,373 visits/mo
0.5 miles
Waffle House
Dining
8,106 visits/mo
0.4 miles
Sunoco
Shops & Services
1,990 visits/mo
0.4 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - 4,750 SF retail space for sale in Ormond Beach.
Where is this retail space located?
The property is located at 1647 N US Highway 1 Unit 102 Ormond Beach, FL.
What are key features of this property?
This property features: 4,750 SF Retail Space available; Located in Destination Daytona; Proximity to US Highway 1
