For-Sale Storefront Retail
For Sale
Contact for pricing
484 S Yonge Street, Ormond Beach, FL 32174
For-sale storefront retail space located on the west side of US 1/Yonge St in Ormond Beach.
Property Size4,513 SF
Price / SF$172.17
Days on Market50
Property Features for 484 S Yonge Street
General Information
Standard status
Active
Size
4,513 SF
Class
C
Property subtype
Special Purpose, Mixed Use, Retail
Zoning
M-1
Building Details
Year Built
1978
Year Renovated
2000
Buildings
1
Listing Agency:
Adams Cameron & Co Daytona Beach
Listed By:
Dick McNerney
Source:
Crexi
Added: Jul 24
Changed: Sep 9
Last Checked: Sep 10 at 8:32AM
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 Adams Cameron & Co Daytona Beach
Investment Insights
Based on property information with market context.
This for-sale storefront retail space at 484 S Yonge Street is situated on the west side of US 1/Yonge St. The property is located in Volusia County.
Access directions are described as taking Granada Blvd to US 1/Yonge St and heading south to 484 S Yonge St. Additional details about the building configuration, size, or current tenant status were not provided in the available information, so interested parties should confirm specifics during due diligence.
Access directions are described as taking Granada Blvd to US 1/Yonge St and heading south to 484 S Yonge St. Additional details about the building configuration, size, or current tenant status were not provided in the available information, so interested parties should confirm specifics during due diligence.
Key Highlights
- For‑sale storefront retail space on the west side of US 1/Yonge St in Ormond Beach
- Off‑street parking with parking lot
- Electric heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,506
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$850,120
$850.1K
Cap Rate 7%
$607,229
$607.2K
Cap Rate 9%
$472,289
$472.3K
Market Conditions
NOI Build-Up for 4,513 SF
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.
Gross rent
$67.7K $15.00/SF
− Vacancy
−$7.0K −$1.55/SF
EGI
$60.7K $13.46/SF
− OpEx
−$18.2K −$4.04/SF
NOI
$42.5K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$850,120
Cap Rate 7%
$607,229
Cap Rate 9%
$472,289
Alternative Uses
Best Use
Retail
$607.2K
$531.3K – $708.4K
NOI $42,506 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,148 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 71%
Shops & Services 29%
ABC Fine Wine & Spirits
Groceries
6,479 visits/mo
0.4 miles
Kwik Stop
Shops & Services
1,430 visits/mo
0.2 miles
Public Storage
Shops & Services
1,220 visits/mo
0.2 miles
Demographics for 32174, FL
53,097
Population
26,303
Households
2
Avg Household Size
55
Median Age
33%
College-Educated
93%
High-School Grad
125.4 sq mi
ZIP Area
423
Density / Sq Mi
$67,817
Median Household Income
$41,452
Median Earnings
$1,316
Median Rent
$315,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- The Flower Bar by SBY — 600 S Yonge St #1b, Ormond Beach, FL 32174
Frequently Asked Questions
What type of property is this?
Storefront property - For-sale storefront retail space located on the west side of US 1/Yonge St in Ormond Beach.
Where is this storefront property located?
The property is located at 484 S Yonge Street Ormond Beach, FL.
What is the asking price?
The asking price for this property is $777,000.
What are key features of this property?
This property features: For‑sale storefront retail space on the west side of US 1/Yonge St in Ormond Beach; Off‑street parking with parking lot; Electric heating
