Two-Building Mixed-Use
190-196 S Yonge St, Ormond Beach, FL 32174
For Sale
Contact for pricing
The property combines office, residential, and retail space across two buildings, with one building leased and the other owner occupied.
Property Size1,552 SF
Lot Size0.14 Acres
Price / SF$222.29
Days on Market15
Property Features for 190-196 S Yonge St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Mixed-Use Components
Additional Details
Asking Price
Tenant in Place
Property Use
Building Details
Buildings
Tenancy
Owner Occupied
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
Listed By:
Carl Lentz IV, CCIM · License #3068067
(386) 801-7435
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 3:54PM
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 SVN | Alliance Commercial Real Estate Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two buildings totaling 1,552 SF occupy a 0.14-acre site. The 976 SF building combines office and residential space and is leased; the second building contains 576 SF configured for office and retail use and is owner occupied. B-4 zoning applies to the property.
The site fronts US Highway 1, also identified as South Yonge Street, with 110' of frontage at Willow Pl and Palm Place in Ormond Beach, Florida.
The site fronts US Highway 1, also identified as South Yonge Street, with 110' of frontage at Willow Pl and Palm Place in Ormond Beach, Florida.
Key Highlights
- Two office/retail buildings totaling 1,552 SF on 0.14 acres
- 976 SF office/residential building is leased
- 576 SF office/retail building is owner occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,257
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,140
$465.1K
Cap Rate 7%
$332,243
$332.2K
Cap Rate 9%
$258,411
$258.4K
Market Conditions
NOI Build-Up for 1,552 SF
Gross rent
$33.5K $21.60/SF
− Vacancy
−$2.5K −$1.62/SF
EGI
$31.0K $19.98/SF
− OpEx
−$7.8K −$5.00/SF
NOI
$23.3K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,140
Cap Rate 7%
$332,243
Cap Rate 9%
$258,411
Alternative Uses
Best Use
Office B
$332.2K
$290.7K – $387.6K
NOI $23,257 @ 7.0% cap · market cap 6.74%
Second Best
Mixed Use
$273.9K
$239.6K – $319.5K
NOI $19,171 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$457.6K
$400.4K – $533.9K
NOI $32,033 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
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
$315,100
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Volusia County, FL
Properties on Market for Mixed-use properties in Volusia County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines office, residential, and retail space across two buildings, with one building leased and the other owner occupied.
Where is this mixed-use property located?
The property is located at 190-196 S Yonge St Ormond Beach, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two office/retail buildings totaling 1,552 SF on 0.14 acres; 976 SF office/residential building is leased; 576 SF office/retail building is owner occupied
