Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    776 Parque Dr Ormond Beach, FL 32174

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New Construction Warehouse Condo, Flexible Space

    Lot size:
    13,133 SF

    Property Features for 776 Parque Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,133 SF
    Class
    B
    Total Rate
    4509

    Building Details

    Year Built/Renovated
    2024/2024
    Buildings
    1

    Spaces For Lease

    at 776 Parque Dr, Ormond Beach, FL 32174 Contact us
    Unit

    $4 /Mo

    Size
    13,100 SF
    Contact us

    We can help!

    Listing Contact
    Daniel Lyonnais
    Daniel Lyonnais

    Listing Agency: Adams, Cameron & Co. Realtors Listing Agent: Daniel Lyonnais

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

    Learn more

    Overview

    This exceptional new construction commercial condo at 776 Parque Drive, Ormond Beach, FL 32174, offers versatile space ideal for various businesses. Located near US Hwy 1 and Calle Grande, this Class B property boasts 13,133 total square feet, divisible into units as small as 2,600 square feet, with a maximum contiguous space of 13,133 square feet. The building, completed in 2024, features a modern design with an 18-foot ceiling height, ten drive-in doors, and 120-208 3-phase power. Amenities include ADA-compliant restrooms, an AES fire sprinkler system, and insulated walls ready for your HVAC system. The building is constructed of metal with 12x14 roll-up doors and energy-efficient LED lighting. Zoned CC-1, this property presents a unique opportunity in the Daytona Beach submarket, close to the Orlando Florida cluster. The base rent is $4,500 per month (NNN lease), plus CAM fees and sales tax. Occupancy is approximately 60 days after lease signing and security deposit receipt. The property is currently entirely vacant. The APN is 424204070290.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0534935
    Latitude
    29.2627035

    Nearby Similar for Lease

    • $16 SF/Yr
      714 SF

      Professional Office Space in Ormond

      714 SF office space for lease in Ormond Beach.
      555 W Granada Blvd, Ormond Beach, FL 32174
      View Details
    • $4,000 /Mo
      2,960 SF

      Updated Office Space in Ormond

      Updated office space in Ormond Beachside's Mainstreet business district.
      195 Coquina Ct, Ormond Beach, FL 32176
      View Details
    • $1,600 /Mo
      1,366 SF

      Move-In Ready Commercial Condo Space

      Commercial condo with offices, conference room, and open workspace.
      1439 N Us Highway 1, Ormond Beach, FL 32174
      View Details
    • $2,500 /Mo
      1,530 SF

      Ormond Beach Commercial Property For Lease

      Commercial property for lease in a prime Ormond Beach location.
      222 Hernandez Ave, Ormond Beach, FL 32174
      View Details
    • New
      $2,647 /Mo
      1,629 SF

      Ormond Beach Medical/Professional Offices

      Medical/professional offices in prime Ormond Beach location, ready for occupancy.
      1182 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • New
      $2,329 /Mo
      1,433 SF

      Ormond Beach Medical/Professional Offices

      Medical/professional offices in prime Ormond Beach location, ready for occupancy.
      1184 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • New
      $2,548 /Mo
      1,568 SF

      Ormond Beach Medical/Professional Office Space

      Medical/professional offices available in prime Ormond Beach location.
      1182 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • $26 SF/Yr
      4,765 SF

      Ormond Beach Retail Space Available

      New retail space adjacent to Love's Whole Foods.
      275 Williamson Blvd, Ormond Beach, FL 32174
      View Details
    • $6,333 /Mo
      45,407 SF

      Ormond Beach Executive Office Space

      Professional office space in a prestigious Ormond Beach location.
      285 Clyde Morris Blvd, Ormond Beach, FL 32174
      View Details
    • $21 SF/Yr
      3,604 SF

      Professional Office Space Available

      3,604 SF office space for lease in Ormond Beach.
      141 Sagebrush Trl, Ormond Beach, FL 32174
      View Details
    • $15 SF/Yr
      25,000 SF

      Ormond Beach Commercial Space Available

      Flexible commercial space suitable for retail, office, or showroom.
      333 W Granada Blvd, Ormond Beach, FL 32174
      View Details
    • $690 /Mo
      330 SF

      Ormond Beach Office Suite

      Ground floor office suite available for rent in Ormond Beach.
      200 E Granada Blvd, Ormond Beach, FL 32176
      View Details

    FAQs

    What type of property is this?
    Distribution property - New Construction Warehouse Condo, Flexible Space
    Where is this distribution property located?
    The property is located at 776 Parque Dr Ormond Beach, FL.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: New construction Class B commercial condo, 13,133 SF total, divisible to 2,600 SF.; Located near US Hwy 1 and Calle Grande in Ormond Beach, FL.; Modern design with 18' ceilings, ten drive-in doors, and 120-208 3-phase power.
    (386) 852-7932 Call to check price and availability
    Request Owner's contact information
    776 Parque 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.
    776 Parque 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
    776 Parque 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Daniel Lyonnais
    Daniel Lyonnais
    Real Estate License ID: 3196672
    (386) 852-7932 (386) 738-1920 (386) 252-3120
    Learn more
    Google sign-in failed. Please try again or use another login method.