Industrial Flex Building with
3 E Tower Circle Ormond Beach, FL 32174
3 E Tower Circle, Ormond Beach, FL, 32174
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For Sale
Contact for pricing
Industrial flex building offering ground-floor warehouse space plus an additional mezzanine for flexible operations.
Property Size12,800 SF
Price / SF$152.34
Days on Market154
Property Features for 3 E Tower Circle
General Information
- Standard status
- Active
- Size
- 12,800 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2005
Listing agency
Coldwell Banker Commercial Benchmark Ormond Beach
(678) 898-2721
Listed by
Kayden Schaper · License #SL3395637
Source
Crexi
Added: Feb 18 Updated: Jul 21 at 5:48PM Checked: Jul 21 at 5:48PM
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 Coldwell Banker Commercial Benchmark Ormond Beach
Investment Insights
Based on property information with market context.
This industrial flex building totals 12,800 SF and is set up for functional warehouse and production uses. The layout includes 10,400 SF of ground-floor warehouse/industrial space with an additional 2,400 SF mezzanine, supported by a clear-span design and high ceilings. Grade-level loading and truck access help support day-to-day distribution, logistics, service business activity, and light manufacturing. The floor plan is described as flexible for accommodating office and production needs.
The property is located in the Ormond Beach Airport Business Park with convenient access to major transportation corridors. The offering is for sale.
Power capacity is described as strong, aligning with the building’s intended use for distribution, light manufacturing, and logistics-oriented operations.
The property is located in the Ormond Beach Airport Business Park with convenient access to major transportation corridors. The offering is for sale.
Power capacity is described as strong, aligning with the building’s intended use for distribution, light manufacturing, and logistics-oriented operations.
Key Highlights
- 12,800 SF industrial flex building in the Ormond Beach Airport Business Park
- 10,400 SF ground‑floor warehouse/industrial space plus 2,400 SF mezzanine
- Clear‑span layout with high ceilings for flexible interior use
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $242.7k | $18.96 |
| − Vacancy | −$20.6k | −$1.61 |
| EGI | $222.1k | $17.35 |
| − OpEx | −$77.7k | −$6.07 |
| NOI | $144.3k | $11.28 |
12,800 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.06M
$1.80M – $2.41M
NOI $144,339 @ 7.0% cap · market cap 7.40%
Second Best
Warehouse
$1.47M
$1.29M – $1.72M
NOI $102,947 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $264,192 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Engineered Components, Inc.
Industrial Manufacturer
Delta P Services ...
Industrial Manufacturer
Progressive Machine-Ruesch Machine ...
Industrial Manufacturer
Similar For Sale Nearby
Similar Off Market Nearby
- Hop Rods — 704 Hope St, Ormond Beach, FL 32174
FAQs
What type of property is this?
Flex space - Industrial flex building offering ground-floor warehouse space plus an additional mezzanine for flexible operations.
Where is this flex space located?
The property is located at 3 E Tower Circle Ormond Beach, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 12,800 SF industrial flex building in the Ormond Beach Airport Business Park; 10,400 SF ground‑floor warehouse/industrial space plus 2,400 SF mezzanine; Clear‑span layout with high ceilings for flexible interior use
