Renovated Standalone
New
For Sale
$199,000
246 Willow Place, Ormond Beach, FL 32174
Commercial Sale, Ormond Beach, FL
Property Size896 SF
Lot Size0.12 Acres
Price / SF$222.10
Days on Market2
Property Features for 246 Willow Place
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Off Street
Directions
South on Yonge St from Granada Blvd, to west on Willow to 246 on left
Subdivision
41 - LPGA to Granada, E of Nova
Standard status
Active
APN
4241-09-00-0430
Size
896 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 43 SWEETSER SUB ORMOND PER OR 1634 PG 744 PER OR 7200 PG 4000 PER OR 8806 PG 3164 PER OR 8819 PG 3749
Tax Annual Amount
1271
Legal Description
LOT 43 SWEETSER SUB ORMOND PER OR 1634 PG 744 PER OR 7200 PG 4000 PER OR 8806 PG 3164 PER OR 8819 PG 3749
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1959
Floors in Building
1
Flooring type
Vinyl
Building materials
Frame
Roof type
Shingle
Listing Agency:
Realty Pros Assured
(386) 677-7653
Listed By:
Beau Warren · License #SL3207370
(386) 589-5754
Added: Oct 9
Last Checked: Oct 10 at 2:06AM
MLS# 1231619
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This standalone office property in Ormond Beach contains 896 square feet on a 0.12-acre lot. Its layout includes two private offices, a central area suited to reception, meetings, or shared work, two full bathrooms, and a kitchen. Improvements include a replacement roof, updated kitchen and bathrooms, vinyl flooring, modern lighting, fresh interior finishes, and a paver driveway. The building was constructed in 1959 and has central air conditioning and electric heat.
Located at 246 Willow Place, the property is zoned B-4 Commercial by the City of Ormond Beach. Public water and sewer serve the site, and off-street parking is available.
Located at 246 Willow Place, the property is zoned B-4 Commercial by the City of Ormond Beach. Public water and sewer serve the site, and off-street parking is available.
Key Highlights
- 896 SF standalone office on a 0.12‑acre lot
- B‑4 Commercial zoning by the City of Ormond Beach
- Two private offices and a central area for reception, meetings, or shared work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,427
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,540
$268.5K
Cap Rate 7%
$191,814
$191.8K
Cap Rate 9%
$149,189
$149.2K
Market Conditions
NOI Build-Up for 896 SF
Gross rent
$19.4K $21.60/SF
− Vacancy
−$1.5K −$1.62/SF
EGI
$17.9K $19.98/SF
− OpEx
−$4.5K −$5.00/SF
NOI
$13.4K $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%
$268,540
Cap Rate 7%
$191,814
Cap Rate 9%
$149,189
Alternative Uses
Best Use
Office B
$191.8K
$167.8K – $223.8K
NOI $13,427 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$264.2K
$231.2K – $308.2K
NOI $18,493 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,151
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - B-4 commercial zoning and a flexible interior accommodate a range of professional office layouts, subject to applicable approvals.
Where is this office building located?
The property is located at 246 Willow Place Ormond Beach, FL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 896 SF standalone office on a 0.12‑acre lot; B‑4 Commercial zoning by the City of Ormond Beach; Two private offices and a central area for reception, meetings, or shared work
