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    Ormond Beach Commercial Space Available Title is generated by Realmo AI

    333 W Granada Boulevard, Ormond Beach, FL 32174

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    For Lease
    $15 SF/Yr $31,250/Mo (calc)

    COMMERCIAL - Ormond Beach, FL

    Type:Retail
    Property size:
    25,000 SF
    Lot size:
    5.74 Acres
    Added:
    Aug 7, 2025
    Days on Market:
    285
    Last Refresh:
    May 18 at 3:06 am

    Property Features for 333 W Granada Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    4241-01-12-0020
    Size
    25,000 SF
    Lot size
    5.74 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOT B & LOT C EXC W 200 FT & EXC E 154 FT OF W 354 FT OF S 167.01 FT ON E/L & EXC RD R-W SUB GRANT LOT 6 1/2 ORMOND & THAT PORTION OF LOTS C & D SUB GRANT LOT 6 LYING N OF ST RD 40 & S 210 FT OF E 536 FT OF LOT B SUB OF GRANT LOT 7 ASSESSORS SUB HENRY YOU
    Tax Annual Amount
    56008

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Building materials
    Stucco
    Roof type
    Membrane

    We can help!

    Listing Contact
    Kyle Selby
    Kyle Selby

    Listing agent Kyle Selby License #SL3248500

    Listing office Selby Realty, Inc. 200 E Granada Blvd. Ste 207, Ormond Beach,, FL

    Listing date Aug 7, 2025

    MLS# 1216526

    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

    • Large, flexible commercial space up to 25,000 SF suitable for various uses.
    • Landlord is open to subdividing the space to a minimum of 13,000 SF.
    • High visibility location.
    • Open floor plans allow for adaptable configurations.
    • Central air conditioning.
    • Parking lot available.

    Overview

    This commercial space in Ormond Beach, Florida, presents an exceptional leasing opportunity. The property offers up to 25,000 square feet of flexible space suitable for retail, office, showroom, or other uses. The landlord is open to subdividing the space to a minimum of 13,000 square feet to suit tenant needs. The advertised price is for the entire 25,000 square foot space; however, the landlord is willing to carve out the front 13,000 square feet for lease. The property is ideal for a wide range of business types and features high visibility, open floor plans, and adaptable configurations. The property is located in Volusia County. The lot size is 5.74 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gold's Gym Gym & Fitness Center Frank Gay Services Plumbing Service Atlantic Nutrition Center Physician Ormond Ace Hardware Building Supply Spectrum Telecommunications Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.065829
    Latitude
    29.282362

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    FAQs

    What type of property is this?
    Retail space - Flexible commercial space suitable for retail, office, or showroom.
    Where is this retail space located?
    The property is located at 333 W Granada Boulevard Ormond Beach, FL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Large, flexible commercial space **up to 25,000 SF** suitable for various uses.; Landlord is open to subdividing the space to a minimum of 13,000 SF.; **High visibility location.**
    (386) 295-3313
    We can help!
    Listing Contact
    Kyle Selby
    Kyle Selby
    Real Estate License ID: SL3248500
    Learn More
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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.

    More about this property
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