Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    W Granada Blvd & Bayberry Dr Ormond Beach, FL 32174

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 2.7-acre riverfront development site.

    Lot size:
    2.70 Acres

    Property Features for W Granada Blvd & Bayberry Dr

    General Information

    Standard status
    Active
    Zoning
    Volusia County R-4C
    Lot size
    2.70 Acres

    We can help!

    Listing Contact
    John Trost, Ccim
    John Trost, Ccim
    Source: Crexi

    Listing Agency: SVN | Alliance Commercial Real Estate Advisors Ormond Beach Listing Agent: John Trost, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Riverfront Development Site on Granada

    This river access property is a premier development site spanning 2.7+/- acres. It features over 617+/- feet of frontage on Granada Boulevard (SR 40), situated just half a mile west of Interstate 95. The property offers direct access to the Tomoka River. The site is planned to accommodate seven homesites with potential for multifamily use. The location is on the north side of Granada Boulevard, west of Interstate 95.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.1619
    Latitude
    29.2898

    Nearby Similar for Sale

    • New
      $585,000
      2,704 SF

      Ormond Beach Commercial Investment Opportunity

      Fully leased retail/office building with high visibility and traffic.
      325 S Yonge St, Ormond Beach, FL 32174
      View Details
    • $999,500
      5,139 SF

      Turn-Key Collision Center For Sale

      Equipped collision center with secured industrial compound on 0.68 acres.
      50 S Perrott Dr, Ormond Beach, FL 32174
      View Details
    • $375,000
      1,530 SF

      Ormond Beach Commercial Property For Sale

      Commercial property with B-4 zoning, ideal for investors or owners.
      222 Hernandez Ave, Ormond Beach, FL 32174
      View Details
    • $745,000
      740 SF

      Ormond Beach Coastal Commercial Property

      Freestanding building with high visibility and income potential.
      1760 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • New
      $1,300,000
      5,650 SF

      Ormond Beach Commercial Property For Sale

      Versatile commercial property with high-security features and expansion potential.
      974 S Nova Rd, Ormond Beach, FL 32174
      View Details
    • $115,000
      3,200 SF

      Established Hardware Store Business Opportunity

      Turn-key hardware business serving Ormond Beach peninsula for over 20 years.
      1294 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • $1,190,000
      3,600 SF

      Ormond Beach US1 Commercial Property

      Versatile industrial property on US1 in Ormond Beach, Florida.
      1170 Us Highway 1, Ormond Beach, FL 32174
      View Details
    • $1,350,000
      Pending

      Class A Office Building

      Class A office building in Ormond Beach near I-95.
      479 N Us Highway 1, Ormond Beach, FL 32174
      View Details
    • $549,900
      747 SF

      Ormond Beach Commercial Office Property

      Freestanding office on US Hwy 1 with high visibility.
      305 N Us Highway 1, Ormond Beach, FL 32174
      View Details
    • $2,300,000
      4,488 SF

      Ormond Beach Sports Bar & Grill

      Turn-key sports bar and grill with real estate for sale.
      1368 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • $599,900
      0.67 Acres

      Riverfront Commercial Land For Sale

      Commercial land with river frontage, dock, and potential uses.
      1003 Us Highway 1, Ormond Beach, FL 32174
      View Details
    • $1,699,000
      2,175 SF

      Ormond Beach Medical/Professional Office

      Iconic medical/professional office in central Ormond Beach Boulevard District.
      750 W Granada Blvd, Ormond Beach, FL 32174
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Prime 2.7-acre riverfront development site.
    Where is this waterfront land located?
    The property is located at W Granada Blvd & Bayberry Dr Ormond Beach, FL.
    What are key features of this property?
    This property features: 2.7-acre prime riverfront development site.; 617 feet of frontage on Granada Boulevard (SR 40).; Less than half a mile from I-95.
    Request Owner's contact information
    W Granada Blvd & Bayberry Dr Ormond Beach, FL 32174
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    W Granada Blvd & Bayberry Dr
    Ormond Beach, FL 32174
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    W Granada Blvd & Bayberry Dr Ormond Beach, FL 32174
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John Trost, Ccim
    John Trost, Ccim
    Real Estate License ID: BK-0160420
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!