Four-Unit Strip Retail
401 N Us Highway 1 Ormond Beach, FL 32174
401 N Us Highway 1, Ormond Beach, FL, 32174
Contact for pricing
For Sale
Contact for pricing
Pending
Well-maintained four-unit retail property built in 1978 and renovated in 2005, currently 100% occupied.
Property Size6,725 SF
Days on Market108
Property Features for 401 N Us Highway 1
General Information
- Standard status
- Pending
- Size
- 6,725 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1978
Listing agency
Coldwell Banker Commercial Benchmark Ormond Beach
(386) 672-8530
Listed by
G.G. Galloway
Source
Crexi
Added: Apr 7 Updated: Jul 22 at 2:28PM Checked: Jul 22 at 2:28PM
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 well-maintained four-unit strip retail building totals 7,085 SF and is currently 100% occupied. Built in 1978 and renovated in 2005, the property has seen recent improvements including a 2024 roof, rebuilt/replaced backflows, and new paint.
The building is located at 401 N U.S. Highway 1 in Ormond Beach, Florida. It sits on a large lot with expansion possibilities and is zoned B-8.
The property offers a straightforward multi-tenant retail configuration within a street retail setting, with current occupancy in place.
The building is located at 401 N U.S. Highway 1 in Ormond Beach, Florida. It sits on a large lot with expansion possibilities and is zoned B-8.
The property offers a straightforward multi-tenant retail configuration within a street retail setting, with current occupancy in place.
Key Highlights
- 4‑unit retail property totaling 7,085 SF, built in 1978
- Renovated in 2005 and currently 100% occupied
- 2024 roof and rebuilt/replaced backflows
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 | $100.9k | $15.00 |
| − Vacancy | −$10.4k | −$1.55 |
| EGI | $90.5k | $13.46 |
| − OpEx | −$27.1k | −$4.04 |
| NOI | $63.3k | $9.42 |
6,725 SF · lease $15.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$904.8K
$791.7K – $1.06M
NOI $63,339 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.74M – $2.31M
NOI $138,804 @ 7.0% cap · market cap 17.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Well-maintained four-unit retail property built in 1978 and renovated in 2005, currently 100% occupied.
Where is this strip mall located?
The property is located at 401 N Us Highway 1 Ormond Beach, FL.
What is the asking price?
The asking price for this property is $810,262.
What are key features of this property?
This property features: 4‑unit retail property totaling 7,085 SF, built in 1978; Renovated in 2005 and currently 100% occupied; 2024 roof and rebuilt/replaced backflows
