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    Interchange Blvd Ormond Beach, FL 32174

    For Sale
    $235,000

    0.89 Acres, $235,000 - High Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.89-acre commercial land parcel presents a unique investment opportunity in Ormond Beach, Florida, situated at the highly desirable Granada Boulevard (SR40) interchange. Zoned BPUD, this property offers considerable flexibility for a variety of commercial developments, making it ideal for hotel, multifamily, or other commercial ventures. The asking price is $235,000, translating to $264,045 per acre, reflecting the strong value proposition in this rapidly growing market. Located in Volusia County, zip code 32174, the site benefits from its position within a mature residential and retail market, recognized as Daytona's most upscale community. This upscale suburban location enjoys proximity to Minto's 'Latitude Margaritaville' project, a significant development currently underway with over 6,900 homes planned. The property's strategic location and flexible zoning make it an attractive prospect for developers seeking to capitalize on the area's robust growth and high demand for commercial properties. This is a rare opportunity to acquire a well-positioned parcel in a thriving Florida market. The address is Interchange Boulevard, Ormond Beach, FL 32174.

    Property Features for 0 Interchange Blvd

    General Information

    Property type
    Land
    Lot Size
    38,768 SF

    HighLights

    • Prime location at the Granada Boulevard (SR 40) interchange.
    • Excellent for hotel, multifamily, or other commercial development.
    • Flexible BPUD zoning allows for diverse uses.
    • Strong residential and retail market in Daytona's premier community.
    • Upscale suburban Daytona Beach location.
    • Proximity to Minto's Latitude Margaritaville (6,900+ homes).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.1178758
    Latitude
    29.2543686

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    FAQs

    What type of property is this?
    Land - 0.89 Acres, $235,000 - High Growth Area
    Where is this land located?
    The property is located at Interchange Blvd Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: Prime location at the Granada Boulevard (SR 40) interchange.; Excellent for hotel, multifamily, or other commercial development.; Flexible BPUD zoning allows for diverse uses.
    (386) 238-3600
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    Interchange Blvd 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
    Interchange Blvd Ormond Beach, FL 32174
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