Three-Building Mixed-Use
190-206 S Yonge St, Ormond Beach, FL 32174
For Sale
$495,000
B-4 zoning supports office, retail, and restaurant uses across a multi-parcel commercial property.
Property Size2,216 SF
Lot Size0.40 Acres
Price / SF$223.38
Days on Market97
Property Features for 190-206 S Yonge St
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Site & Location
Corner Location
Traffic Count
Highway Access
Road Access
Additional Details
Office Units
Building Details
Building Size
Year Built
Buildings
Tenancy
Owner Occupied
Listed By:
Carl W. Lentz IV, MBA, CCIM · License FL BK3068067
(386) 566-3726
Source:
Svn
Added: Aug 8
Changed: Nov 6
Last Checked: Nov 12 at 4:29AM
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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Investment Insights
Based on property information with market context.
This mixed-use property includes four parcels totaling 0.40 acres, with three buildings containing 2,216 SF of combined building area. The site includes office, residential, and office/retail configurations, including a 190–976 SF leased office/residential unit, a 196–576 SF owner-occupied office/retail space, and an 206–832 SF office/retail building requiring significant work or demolition. The buildings date to 1900.
Located on South Yonge Street in Ormond Beach, the property has 220 feet of frontage at the corner of Willow Place and Palm Place. It sits south of W Granada Boulevard (SR 40), between Willow Place and Palm Place, with reported traffic of 21,500 VPD. B-4 zoning in the City of Ormond Beach allows office, retail, and restaurant uses.
Located on South Yonge Street in Ormond Beach, the property has 220 feet of frontage at the corner of Willow Place and Palm Place. It sits south of W Granada Boulevard (SR 40), between Willow Place and Palm Place, with reported traffic of 21,500 VPD. B-4 zoning in the City of Ormond Beach allows office, retail, and restaurant uses.
Key Highlights
- Four parcels totaling 0.40 acres with 3 buildings
- 2,216 total building SF across the assemblage
- 220' of frontage at Willow Pl and Palm Place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,207
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,140
$664.1K
Cap Rate 7%
$474,386
$474.4K
Cap Rate 9%
$368,967
$369.0K
Market Conditions
NOI Build-Up for 2,216 SF
Gross rent
$47.9K $21.60/SF
− Vacancy
−$3.6K −$1.62/SF
EGI
$44.3K $19.98/SF
− OpEx
−$11.1K −$5.00/SF
NOI
$33.2K $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%
$664,140
Cap Rate 7%
$474,386
Cap Rate 9%
$368,967
Alternative Uses
Best Use
Office B
$474.4K
$415.1K – $553.5K
NOI $33,207 @ 7.0% cap · market cap 6.71%
Second Best
Mixed Use
$391.0K
$342.2K – $456.2K
NOI $27,373 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$653.4K
$571.7K – $762.3K
NOI $45,738 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
21,500 VPD
Traffic count
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 - B-4 zoning supports office, retail, and restaurant uses across a multi-parcel commercial property.
Where is this mixed-use property located?
The property is located at 190-206 S Yonge St Ormond Beach, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Four parcels totaling 0.40 acres with 3 buildings; 2,216 total building SF across the assemblage; 220' of frontage at Willow Pl and Palm Place
