Income-Producing Retail/Office Building on
325 South Yonge Street Ormond Beach, FL 32174
325 South Yonge Street, Ormond Beach, FL, 32174
Contact for pricing
For Sale
Contact for pricing
Fully leased retail/office building with prime US-1 frontage.
Property Size2,704 SF
Price / SF$216.35
Days on Market59
Property Features for 325 South Yonge Street
General Information
- Standard status
- Active
- Size
- 2,704 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1958
Listing Agency
Purucker Real Estate
(386) 315-4450
Listed by
Dayanis Purucker · License #3366027
Source
Crexi
Added: May 20 Checked: Jul 16 at 12:04 pm
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 Purucker Real Estate
Investment Insights
Based on property information with market context.
This multi-tenant retail/office building is a fully leased, income-producing asset located on a commercial corridor. The concrete block building features two tenant suites with independent entrances and ample on-site parking. Current tenants include a State Farm insurance office and a neighboring retail/service suite. The property is situated directly on US Highway 1 at the signalized intersection of Division Avenue, with 21,000-23,000 vehicles passing daily. The location on US-1 attracts service tenants, professional offices, and retail businesses. The property is located in Ormond Beach, which is experiencing sustained population growth as part of the Daytona Beach MSA, with strong demand for neighborhood-serving commercial space. B-5 Service Commercial zoning allows a wide range of uses, giving future investors maximum flexibility for repositioning, re-tenanting, or long-term hold strategy. The property size is 2704 square feet.
Key Highlights
- Immediate 8% Cap Rate: Delivers a compelling return on investment.
- Fully Leased with Steady Cash Flow: Provides consistent, stabilized income.
- Prime US‑1 Frontage with High Traffic: Exceptional exposure with 21,000‑23,000 vehicles per day.
Local Financial Insights For Retail
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 | $40.6k | $15.00 |
| − Vacancy | −$4.2k | −$1.55 |
| EGI | $36.4k | $13.46 |
| − OpEx | −$10.9k | −$4.04 |
| NOI | $25.5k | $9.42 |
2,704 SF · lease $15.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$363.8K
$318.4K – $424.5K
NOI $25,468 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$797.3K
$697.6K – $930.2K
NOI $55,811 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ormond Beach Video
Film Production
Alison Boscovich - State ...
Insurance Agency
Tidwell Cathy
Insurance Agency
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FAQs
What type of property is this?
Retail space - Fully leased retail/office building with prime US-1 frontage.
Where is this retail space located?
The property is located at 325 South Yonge Street Ormond Beach, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Immediate 8% Cap Rate: Delivers a compelling return on investment.; Fully Leased with Steady Cash Flow: Provides consistent, stabilized income.; Prime US‑1 Frontage with High Traffic: Exceptional exposure with 21,000‑23,000 vehicles per day.
