Ormond Beach Warehouse
For Sale
Contact for pricing
300 S Yonge St, Ormond Beach, FL 32174
Warehouse property for sale in Ormond Beach, Florida.
Property Size12,840 SF
Price / SF$112.93
Days on Market787
Property Features for 300 S Yonge St
General Information
Standard status
Active
Size
12,840 SF
Property subtype
Industrial
Zoning
B-5
Occupancy
84%
Building Details
Buildings
2
Stories
1
Units
10
Tenancy
Multi
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors Ormond Beach
(386) 999-1762
Listed By:
Michael Baxter · License #SL3451680
Source:
Crexi
Added: Jun 18, 2024
Changed: Aug 8
Last Checked: May 12 at 8:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Alliance Commercial Real Estate Advisors Ormond Beach
Investment Insights
Based on property information with market context.
This property in Ormond Beach, Florida, presents an opportunity to acquire existing warehouse space. The property may be suitable for an investor seeking to increase rental income or an end-user looking to occupy a portion of the space while collecting rent to offset expenses. The property offers a total size of 12,840 square feet and is classified as a warehouse, industrial property, and commercial real estate.
Key Highlights
- Existing warehouse space in Ormond Beach, FL
- Opportunity to increase rental income (ADD‑VALUE by raising rents)
- Suitable for investors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$103,268
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,065,360
$2.1M
Cap Rate 7%
$1,475,257
$1.5M
Cap Rate 9%
$1,147,422
$1.1M
Market Conditions
NOI Build-Up for 12,840 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$127.9K $9.96/SF
− Vacancy
−$6.4K −$0.50/SF
EGI
$121.5K $9.46/SF
− OpEx
−$18.2K −$1.42/SF
NOI
$103.3K $8.04/SF
Area
Volusia County, FL
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,065,360
Cap Rate 7%
$1,475,257
Cap Rate 9%
$1,147,422
Alternative Uses
Best Use
Warehouse
$1.48M
$1.29M – $1.72M
NOI $103,268 @ 7.0% cap · market cap 7.12%
Second Best
Industrial
$1.09M
$955.5K – $1.27M
NOI $76,443 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$3.79M
$3.31M – $4.42M
NOI $265,018 @ 7.0% cap · market cap 18.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,031
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32174, FL
53,097
Population
26,303
Households
2
Avg Household Size
55
Median Age
33%
College-Educated
93%
High-School Grad
125.4 sq mi
ZIP Area
423
Density / Sq Mi
$67,817
Median Household Income
$41,452
Median Earnings
$1,316
Median Rent
$315,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Best American Storage — 11 Coolidge Ave, Ormond Beach, FL 32174
- All Aboard Storage — 534 S Yonge St, Ormond Beach, FL 32174
- All Aboard Storage — 321 Hand Ave, Ormond Beach, FL 32174
- Self Storage — 610 S Yonge St, Ormond Beach, FL 32174
- Public Storage — 610 S Yonge St, Ormond Beach, FL 32174
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property for sale in Ormond Beach, Florida.
Where is this warehouse located?
The property is located at 300 S Yonge St Ormond Beach, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Existing warehouse space in Ormond Beach, FL; Opportunity to increase rental income (ADD‑VALUE by raising rents); Suitable for investors
