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    Tbd Airport Rd Ormond Beach, FL 32174

    For Sale
    $2,150,000

    5.5-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 5.5-acre commercial parcel, located on Tbd Airport Road in Ormond Beach, Florida (zip code 32174), presents a remarkable investment opportunity. The property encompasses 239,580 square feet and is zoned for a wide variety of commercial uses. Conceptual plans exist for a 116,995 square foot, three-story Type IIC construction assisted living and memory care facility, featuring approximately 144 units. This proposed development includes extensive amenity spaces for both assisted living and memory care residents, encompassing lobbies, dining rooms, bars/bistros, living rooms, fitness centers, physical therapy areas, art rooms, multi-purpose rooms, salons, and outdoor courtyards with features like patios, fire pits, trellises, and elevated garden plots. A central commercial kitchen and ample staff spaces are also incorporated into the design. The property is situated within the Hunters Ridge DRI, a substantial mixed-use development spanning over 1,976 acres across two counties. This thriving community already includes approximately 1,200 residential units, with pre-sales underway for an additional 1,931 residences, indicating strong growth potential. The asking price for this strategically located commercial land is $2,150,000. This presents a unique chance to capitalize on the burgeoning Ormond Beach market.

    Property Features for 0 Tbd Airport Rd

    General Information

    Property type
    Office Properties & Spaces

    HighLights

    • 5.5‑acre commercial parcel in Ormond Beach, FL (32174).
    • 239,580 square feet, zoned for multiple commercial uses.
    • Conceptual plans for a 116,995 SF, three‑story assisted living/memory care facility (approx. 144 units).
    • Located within the Hunters Ridge DRI, a large mixed‑use development with significant residential growth.
    • Asking price: $2,150,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ormond Beach
    County
    Flagler
    State
    Florida
    Longitude
    -81.1131887
    Latitude
    29.2888216

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    FAQs

    What type of property is this?
    Office Property / Space - 5.5-acre commercial lot, prime location.
    Where is this office property / space located?
    The property is located at Tbd Airport Rd Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: 5.5-acre commercial parcel in Ormond Beach, FL (32174).; 239,580 square feet, zoned for multiple commercial uses.; Conceptual plans for a 116,995 SF, three-story assisted living/memory care facility (approx. 144 units).
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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
    Tbd Airport Rd Ormond Beach, FL 32174
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