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    1893 Fairland Rd Ormond Beach, FL 32174

    For Sale
    $184,000

    Half-Acre Commercial Lot, Owner Financing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 20,037.6 square foot commercial lot in Ormond Beach, Florida (32174), presents a unique investment opportunity. Located at 1893 Fairland Road, this nearly half-acre parcel boasts MH-4 zoning, allowing for versatile development options. The property features mature, historic oak trees, adding to its natural beauty and providing a tranquil setting. Utilities are potentially already on-site (buyer inspection required), and the lot is fully fenced, ensuring privacy and security. The absence of HOA restrictions offers complete design freedom. Owner financing is available, with an 80% LTV, requiring a 20% down payment at 7% interest over 30 years with a 10-year balloon payment. This property is situated in the Seabreeze school district, adding to its appeal. This is a rare chance to acquire a sizable, well-located commercial lot with flexible financing options, making it an attractive proposition for developers and investors alike. The property's existing infrastructure and desirable location combine to create a compelling investment opportunity. The peaceful street and convenient location within Ormond Beach offer a blend of tranquility and accessibility. This is a chance to build your dream project in a desirable area with attractive financing terms.

    Property Features for 1893 Fairland Rd

    General Information

    Property type
    Land

    HighLights

    • $184,000 asking price for 20,037.6 sq ft commercial land parcel.
    • Located at 1893 Fairland Road, Ormond Beach, FL 32174.
    • MH‑4 zoning allows for versatile development options.
    • Owner financing available (80% LTV, 20% down, 7% interest, 30‑year loan with 10‑year balloon).
    • Utilities are on‑site (buyer to verify).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Clothing Store Auto Repair Shop Gym & Fitness Skin Care Clinic Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.1267512
    Latitude
    29.269008

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    FAQs

    What type of property is this?
    Land - Half-Acre Commercial Lot, Owner Financing
    Where is this land located?
    The property is located at 1893 Fairland Rd Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $184,000.
    What are key features of this property?
    This property features: $184,000 asking price for 20,037.6 sq ft commercial land parcel.; Located at 1893 Fairland Road, Ormond Beach, FL 32174.; MH-4 zoning allows for versatile development options.
    Request Owner's contact information
    1893 Fairland Rd Ormond Beach, FL 32174
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    Ormond Beach, FL 32174
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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
    1893 Fairland Rd Ormond Beach, FL 32174
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