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    1622 Us-1 Ormond Beach, FL 32074

    Sponsored
    For Lease
    $22 SF/Yr ($6,801 /Mo)

    High-traffic retail space, excellent location.

    Lot size:
    3,710 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,710 square foot retail property, located at 1622 N US Hwy 1 in Ormond Beach, Florida, presents a lucrative investment opportunity. Situated on a 0.94-acre lot, this multi-tenant building boasts a prime location with high visibility and significant foot traffic. Constructed in 1998, the building is zoned B-7, allowing for a variety of commercial uses. Currently, there is 2,500 square feet of vacant space available, providing immediate potential for expansion or lease income. The property's address is 1622 US-1, Ormond Beach, FL 32174, within Volusia County. Its strategic location on US Highway 1 ensures consistent exposure to a large customer base. The existing structure offers a solid foundation for a thriving business, whether it's a single large tenant or multiple smaller businesses. This property is ideal for entrepreneurs seeking a well-established location with high visibility and ample space to grow. The substantial vacant space presents a unique opportunity to customize the layout to suit specific business needs. The property's size and zoning provide flexibility for a wide range of commercial ventures. This is a rare opportunity to acquire a well-positioned retail property in a thriving Florida market.

    Property Features for 1622 Us-1

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,710 SF
    Total Rate
    6801.67

    Building Details

    Year Built
    1998

    Unit(s) available at that property

    Space
    Size
    2,500 SF
    Rate per SF
    $22

    HighLights

    • Former bankrupt (BK) restaurant space adjacent to convenience store.
    • High visibility and convenient access.
    • On‑site building signage available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.13324155
    Latitude
    29.33684601

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail space, excellent location.
    Where is this individual retail property located?
    The property is located at 1622 Us-1 Ormond Beach, FL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Former bankrupt (BK) restaurant space adjacent to convenience store.; High visibility and convenient access.; On-site building signage available.
    Request Owner's contact information
    1622 Us-1 Ormond Beach, FL 32074
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    Ormond Beach, FL 32074
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1622 Us-1 Ormond Beach, FL 32074
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