Mixed-Use Property with
For Sale
$1,200,000
200 N Yonge Street, Ormond Beach, FL 32174
Two existing residences contain four units, alongside a vacant rear parcel.
Property Size3,510 SF
Price / SF$341.88
Days on Market244
Property Features for 200 N Yonge Street
General Information
Standard status
Active
Size
3,510 SF
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,928
Building Details
Building Size
3,510 SF
Year Built
1957
Buildings
2
Listing Agency:
Coastal Ventures Real Estate
Listed By:
Ashley Flatley · License #3361969
(904) 315-8547
Source:
Coastalventures
Added: Feb 25
Changed: Oct 26
Last Checked: Oct 26 at 3:51PM
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 Coastal Ventures Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property comprises more than 5 acres, with two existing homes totaling four units and vacant land at the rear. The site spans from Yonge Street to the railroad tracks. The listed property size is 3,510 square feet, and the homes were built in 1957.
Access is available from either side of US-1 for northbound and southbound travel. The property is described as minutes from I-95, the beach, and shopping.
Access is available from either side of US-1 for northbound and southbound travel. The property is described as minutes from I-95, the beach, and shopping.
Key Highlights
- More than 5 acres extending from Yonge Street to the railroad tracks
- Two homes on the property contain a total of 4 units
- Vacant land parcel located behind the homes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,357
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$867,140
$867.1K
Cap Rate 7%
$619,386
$619.4K
Cap Rate 9%
$481,744
$481.7K
Market Conditions
NOI Build-Up for 3,510 SF
Gross rent
$75.8K $21.60/SF
− Vacancy
−$6.4K −$1.84/SF
EGI
$69.4K $19.76/SF
− OpEx
−$26.0K −$7.41/SF
NOI
$43.4K $12.35/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$867,140
Cap Rate 7%
$619,386
Cap Rate 9%
$481,744
Alternative Uses
Best Use
Mixed Use
$619.4K
$542.0K – $722.6K
NOI $43,357 @ 7.0% cap · market cap 3.61%
Second Best
Retail
$472.3K
$413.2K – $551.0K
NOI $33,059 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$1.03M
$905.6K – $1.21M
NOI $72,446 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
98k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 20%
Home Improvements & Furnishings 11%
Groceries 7%
Sunoco
Shops & Services
13,017 visits/mo
0.4 miles
Dollar General
Shops & Services
10,824 visits/mo
0.1 miles
Dollar Tree
Shops & Services
10,430 visits/mo
0.5 miles
Ormond Ace Hardware
Home Improvements & Furnishings
9,568 visits/mo
0.5 miles
Wendy's
Dining
8,560 visits/mo
0.5 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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two existing residences contain four units, alongside a vacant rear parcel.
Where is this mixed-use property located?
The property is located at 200 N Yonge Street Ormond Beach, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: More than 5 acres extending from Yonge Street to the railroad tracks; Two homes on the property contain a total of 4 units; Vacant land parcel located behind the homes
