Versatile Commercial Property For
222 Hernandez Avenue, Ormond Beach, FL 32174
For Sale
Contact for pricing
Well-maintained commercial property with B-4 zoning in a thriving area.
Property Size1,530 SF
Price / SF$245.10
Days on Market796
Property Features for 222 Hernandez Avenue
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Stories
Listing Agency:
Geri Westfall Real Estate
Listed By:
Deana Frechette · License FL #3379314
(386) 804-5562
Source:
Crexi
Added: Sep 8, 2024
Changed: Aug 28
Last Checked: Aug 14 at 5:59AM
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 Geri Westfall Real Estate
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Investment Insights
Based on property information with market context.
This owner-occupied commercial property, zoned Service Commercial (B-4), is available for sale and will be vacated at closing. The property includes a spacious carport suitable for parking, storage, or service needs, and is fully fenced for privacy and security. The block building, with a size of 1530 square feet, is in excellent condition and fully under air and heat. The layout includes a lobby area, multiple offices, kitchen space, and a full bathroom with a shower. Located right off US-1, the property offers the option to install signage viewable from the heavy traffic on US-1, as well as easy access and ample parking for employees and customers. A copy of B-4 zoning uses is available for review, showcasing the flexibility of this property for various business types. The property is also offered for lease at $2,500/month, with any lease transaction to be handled directly by the seller.
Key Highlights
- Prime location with B‑4 zoning, offering flexibility for various business types.
- Will be vacated at closing, ensuring a seamless transition for the new owner.
- Excellent condition block building fully under air/heat, including lobby, offices, kitchen, and full bathroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,899
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,980
$378.0K
Cap Rate 7%
$269,986
$270.0K
Cap Rate 9%
$209,989
$210.0K
Market Conditions
NOI Build-Up for 1,530 SF
Gross rent
$33.0K $21.60/SF
− Vacancy
−$2.8K −$1.84/SF
EGI
$30.2K $19.76/SF
− OpEx
−$11.3K −$7.41/SF
NOI
$18.9K $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%
$377,980
Cap Rate 7%
$269,986
Cap Rate 9%
$209,989
Alternative Uses
Best Use
Mixed Use
$270.0K
$236.2K – $315.0K
NOI $18,899 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$451.1K
$394.7K – $526.3K
NOI $31,579 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
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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
$315,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Volusia County, FL
Properties on Market for Mixed-use properties in Volusia County
Frequently Asked Questions
What type of property is this?
Mixed-use property - Well-maintained commercial property with B-4 zoning in a thriving area.
Where is this mixed-use property located?
The property is located at 222 Hernandez Avenue Ormond Beach, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Prime location with B‑4 zoning, offering flexibility for various business types.; Will be vacated at closing, ensuring a seamless transition for the new owner.; Excellent condition block building fully under air/heat, including lobby, offices, kitchen, and full bathroom.
