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    Ormond Beach Commercial Investment Opportunity Title is generated by Realmo AI

    305 N U.S Highway 1, Ormond Beach, FL 32174

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    For Sale
    $549,900

    COMMERCIAL - Ormond Beach, FL

    Property size:
    747 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $736/SF
    Added:
    May 26, 2026
    Days on Market:
    2
    Last Refresh:
    May 27 at 2:06 am

    Property Features for 305 N U.S Highway 1

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    424110140010
    Size
    747 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOTS 1 TO 4 INC & LOTS 7 & 8 BLK 14 ORMOND HEIGHTS ORMOND MB 6 PG 231 EXC RD PER OR 2900 PG 0929 PER OR 4479 PG 2948 PER OR 7509 PG 2253 PER OR 8290 PG 4707
    Tax Annual Amount
    3259

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1957
    Floors in Building
    1
    Building materials
    Block, Concrete
    Roof type
    Shingle

    We can help!

    Listing Contact
    Sarah Amarasinghe
    Sarah Amarasinghe

    Listing agent Sarah Amarasinghe

    Listing office Jason Mitchell Real Estate Florida LLC 3501 N Ocean Dr, Boca Raton, FL

    Listing date May 26, 2026

    MLS# 1226872

    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.

    HighLights

    • Freestanding commercial office property with excellent visibility
    • High‑traffic location on US Highway 1 with approximately 21,500 AADT and 227+ feet of frontage
    • Estimated 6.82% cap rate, offering a strong investment opportunity
    • B‑5 zoning allows for a variety of commercial uses
    • Convenient access to Granada Boulevard and I‑95
    • Ample well‑lit parking and a large pole sign for business exposure

    Overview

    This commercial property is located on US Highway 1 in Ormond Beach, Florida. The property is zoned B-5 and offers visibility and flexibility for various commercial uses. The building has an area of approximately 747 square feet, as per the Appraiser, and is situated on approximately 0.26 acres. Interior features include three flexible office spaces and a restroom. The property also offers ample well-lit parking and a large pole sign. The location has approximately 227 feet of frontage exposure on US Highway 1, with an approximate AADT traffic count of 21,500 vehicles per day. It is conveniently located close to Granada Boulevard and minutes from I-95. Previous reported uses have included golf cart sales and automotive sales.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.066858
    Latitude
    29.289718

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    FAQs

    What type of property is this?
    Office units - Freestanding commercial office property on US Highway 1.
    Where is this office units located?
    The property is located at 305 N U.S Highway 1 Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: Freestanding commercial office property with excellent visibility; High‑traffic location on US Highway 1 with approximately 21,500 AADT and 227+ feet of frontage; Estimated 6.82% cap rate, offering a strong investment opportunity
    (386) 314-4031
    We can help!
    Listing Contact
    Sarah Amarasinghe
    Sarah Amarasinghe
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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