Class A Office
479 & 481 N US Highway 1, Ormond Beach, FL 32174
- Added:
- Mar 26, 2025
- Days on Market:
- 427
- Last Refresh:
- May 26 at 9:06 pm
Property Features for 479 & 481 N US Highway 1
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Pending
- APN
- 4240-04-00-0060
- Size
- 4,666 SF
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 40 14 32 N 295.65 FT OF S 345.65 FT N OF US 1 MEAS ON W/L OF WEST ST OF W 232.1 FT OF E 291.4 FT W OF WEST ST MEAS ON N/L OF US 1 OF HERNANDEZ GRANT & BEING 185.9 FT ON N/L PER OR 4851 PG 2948
- Tax Annual Amount
- 6488
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1962
- Flooring type
- Carpet
- Building materials
- Concrete
- Roof type
- Shingle
Listing agent Ryan Adams License #669183 (386) 677-7966
Listing office Adams, Cameron & Co., Realtors 54 S Atlantic Ave., Daytona Beach, FL (386) 677-7966
Listing date Mar 26, 2025
MLS# 1211207
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
- Prime location on US1, offering direct proximity to I‑95, Ormond Crossings, and Flagler County.
- Nearly 4000 sq ft Class A office building featuring high‑end finishes and custom trim work.
- Solid block construction built in 1962.
- Two separate units (479 & 481 N Yonge) each with individual entryways, reception areas, and kitchens.
- Six oversized executive offices with multiple semi‑private support spaces.
- Garden area overlooking the Tomoka River.
Overview
This Class A office building is located on US1 in Ormond Beach, sharing convenience with a direct proximity to I-95, the new Ormond Crossings, and Flagler County to the north. The solid block structure, nearly 4000 sq ft, is situated above the banks of the Tomoka River, featuring a garden area overlooking the water. Officially two units, 479 & 481 N Yonge, each has separate entryways, reception areas, and kitchens. The current owner occupies the entire building, with a hallway connecting both units, making it suitable for two businesses with separate parking areas and entryways on opposite sides of the property. The interior space was professionally designed and built out with high-end finishes, extensive custom trim work, and solid core wood doors under volume ceilings. The layout is configured around 6 oversized executive offices with multiple semi-private support areas.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$776.9K
NOI $69,920 @ 9.00% cap · cautious / downside scenario
Moderate
$998.9K
NOI $69,920 @ 7.00% cap · market / base-case scenario
Aggressive
$1.40M
NOI $69,920 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.8k | $21.60 |
| − Vacancy | −$7.6k | −$1.62 |
| EGI | $93.2k | $19.98 |
| − OpEx | −$23.3k | −$5.00 |
| NOI | $69.9k | $14.99 |
4,666 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$998.9K
$874.0K – $1.17M
NOI $69,920 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,306 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Ormond Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.072208
- Latitude
- 29.292535
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Class A office building in Ormond Beach near I-95.
Where is this office building located?
The property is located at 479 & 481 N US Highway 1 Ormond Beach, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime location on US1, offering direct proximity to I‑95, Ormond Crossings, and Flagler County.; **Nearly 4000 sq ft Class A office building featuring high‑end finishes and custom trim work.**; Solid block construction built in 1962.
