Automotive Property with
New
For Sale
$725,000
Pending
82 N Yonge Street, Ormond Beach, FL 32174
Commercial Sale, Ormond Beach, FL
Property Size3,436 SF
Lot Size0.41 Acres
Days on Market1
Property Features for 82 N Yonge Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Parking features
Off Street, Parking Lot
Lot features
Corner Lot
Directions
Go north on Yonge Street (US Hwy 1) from Granada in Ormond Beach to property on west side of street.
Subdivision
45 - Ormond N of 40, W of US1, E of 95
Standard status
Pending
APN
4241-01-09-0030
Size
3,436 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S 143 1/2 FT OF LOT A EXC STREET SUB GRANT LOT 8 ORMOND MB 2 PG 118 PER OR 4868 PG 1714 & OR 5447 PG 4494 PER OR 5897 PGS 1166-1167 INC PER OR 6037 PG 1085
Tax Annual Amount
4155
Legal Description
S 143 1/2 FT OF LOT A EXC STREET SUB GRANT LOT 8 ORMOND MB 2 PG 118 PER OR 4868 PG 1714 & OR 5447 PG 4494 PER OR 5897 PGS 1166-1167 INC PER OR 6037 PG 1085
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1954
Listing Agency:
Coldwell Banker Commercial Benchmark
(386) 672-8530
Listed By:
Robert Rand · License #3128649
3866728530x1009
Added: Sep 29
Last Checked: Sep 29 at 5:06PM
MLS# 1231289
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.
Investment Insights
Based on property information with market context.
This automotive property occupies a 0.41-acre parcel and contains a 3,436-square-foot building constructed in 1954. The improvements include office and showroom space, with a parking lot for off-street vehicle storage. Public water and sewer service are available.
Key Highlights
- 3,436‑square‑foot building with office and showroom space
- 0.41‑acre parcel
- Constructed in 1954
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
$32,362
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
4.46%
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%
$647,240
$647.2K
Cap Rate 7%
$462,314
$462.3K
Cap Rate 9%
$359,578
$359.6K
Market Conditions
NOI Build-Up for 3,436 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
$51.5K $15.00/SF
− Vacancy
−$5.3K −$1.55/SF
EGI
$46.2K $13.46/SF
− OpEx
−$13.9K −$4.04/SF
NOI
$32.4K $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%
$647,240
Cap Rate 7%
$462,314
Cap Rate 9%
$359,578
Alternative Uses
Best Use
Retail
$462.3K
$404.5K – $539.4K
NOI $32,362 @ 7.0% cap · market cap 4.46%
Second Best
Industrial
$292.2K
$255.7K – $340.9K
NOI $20,456 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$1.01M
$886.5K – $1.18M
NOI $70,919 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
144k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 30%
Home Improvements & Furnishings 8%
Groceries 5%
Sunoco
Shops & Services
13,017 visits/mo
0.3 miles
Dollar General
Shops & Services
10,824 visits/mo
0.1 miles
Dollar Tree
Shops & Services
10,430 visits/mo
0.3 miles
Taco Bell
Dining
10,378 visits/mo
0.4 miles
Ormond Ace Hardware
Home Improvements & Furnishings
9,568 visits/mo
0.3 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
- Truck2Men150.com, Inc. — 405 Lincoln Ave, Ormond Beach, FL 32174
- Ormond Fine Import Autos — 82 N Yonge St, Ormond Beach, FL 32174
Frequently Asked Questions
What type of property is this?
Automotive property - The site includes office space, off-street parking, and public water and sewer service.
Where is this automotive property located?
The property is located at 82 N Yonge Street Ormond Beach, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3,436‑square‑foot building with office and showroom space; 0.41‑acre parcel; Constructed in 1954
