Industrial Building with Fenced
565 Parque Drive, Ormond Beach, FL 32174
For Sale
$1,480,560
The facility offers heavy three-phase power, I-1 zoning, and secured outdoor storage.
Property Size9,552 SF
Lot Size0.85 Acres
Price / SF$155
Days on Market74
Property Features for 565 Parque Drive
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Drive-In Doors
Voltage
Three-Phase Power
Heavy Power
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
SVN Alliance Commercial Real Estate Advisors
Listed By:
Carl Lentz · License FL #3068067
(386) 801-7435
Source:
Marlinrealtygroup
Added: Aug 31
Changed: Nov 8
Last Checked: Nov 11 at 8:53PM
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 SVN Alliance Commercial Real Estate Advisors
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Investment Insights
Based on property information with market context.
This 9,552-square-foot industrial property occupies 0.85 acres and was built in 1967. The building has seven grade-level roll-up doors in varying sizes and 2 x 240V three-phase electrical service. I-1 light industrial zoning supports its industrial designation, while a fenced rear storage yard adds outdoor space.
At 565 Parque Drive in Ormond Beach, the property involves two corners along Fleming, Parque, and Andalusia. The seller may lease back the property for up to six months, and an equipment sale may be considered separately from the real estate.
At 565 Parque Drive in Ormond Beach, the property involves two corners along Fleming, Parque, and Andalusia. The seller may lease back the property for up to six months, and an equipment sale may be considered separately from the real estate.
Key Highlights
- 9,552 SF building on 0.85 acres
- Seven grade‑level roll‑up doors in varying sizes
- 2 x 240V three‑phase power service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,824
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,536,480
$1.5M
Cap Rate 7%
$1,097,486
$1.1M
Cap Rate 9%
$853,600
$853.6K
Market Conditions
NOI Build-Up for 9,552 SF
Gross rent
$95.1K $9.96/SF
− Vacancy
−$4.8K −$0.50/SF
EGI
$90.4K $9.46/SF
− OpEx
−$13.6K −$1.42/SF
NOI
$76.8K $8.04/SF
Area
Volusia County, FL
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,536,480
Cap Rate 7%
$1,097,486
Cap Rate 9%
$853,600
Alternative Uses
Best Use
Warehouse
$1.10M
$960.3K – $1.28M
NOI $76,824 @ 7.0% cap · market cap 5.19%
Second Best
Industrial
$812.4K
$710.9K – $947.8K
NOI $56,868 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$2.82M
$2.46M – $3.29M
NOI $197,153 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
7
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Explore this area
Business Placement
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
$315,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Industrial properties in Ormond Beach, FL
Properties on Market for Industrial properties in Ormond Beach
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - The facility offers heavy three-phase power, I-1 zoning, and secured outdoor storage.
Where is this industrial property located?
The property is located at 565 Parque Drive Ormond Beach, FL.
What is the asking price?
The asking price for this property is $1,480,560.
What are key features of this property?
This property features: 9,552 SF building on 0.85 acres; Seven grade‑level roll‑up doors in varying sizes; 2 x 240V three‑phase power service
