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    479 Us Highway 1 Ormond Beach, FL 32174

    For Sale
    $1,350,000

    Prime US-1 location, 4,666 SF, $1.35M

    Property size:
    4,666 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4,666 square foot medical office building, situated on US Highway 1 in Ormond Beach, Florida, presents a unique investment opportunity. Built in 1962, this Class A property boasts a solid block construction and sits on a generous 21,575.27 square foot lot overlooking the Tomoka River. The building features two distinct units (479 & 481 US Highway 1), each with separate entrances, reception areas, and kitchens, ideal for multiple tenants or a single large practice. Currently configured with six oversized executive offices, multiple support staff areas, and two full kitchens with break rooms, the layout offers flexibility. High-end finishes, custom trim work, solid core wood doors, and volume ceilings enhance the professional aesthetic. A large storage/records room provides additional potential office space. A private paver patio offers outdoor space. The property benefits from existing monument signage with potential for expansion. The B-8 zoning allows for diverse uses, including retail and professional offices. Located near I-95, Ormond Crossings, and Flagler County, this property offers convenient access and exceptional value, priced significantly below replacement cost.

    Property Features for 479 Us Highway 1

    General Information

    Property type
    Medical offices
    Square Feet
    4,666 SF

    Building Details

    Year Built
    1962

    HighLights

    • $1,350,000 Asking Price
    • 4,666 Square Foot Medical Office Building
    • Located at 479 & 481 US Highway 1, Ormond Beach, FL 32174
    • Situated on a 21,575.27 sq ft lot
    • Built in 1962
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -81.0721019
    Latitude
    29.2923514

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    FAQs

    What type of property is this?
    Medical office - Prime US-1 location, 4,666 SF, $1.35M
    Where is this medical office located?
    The property is located at 479 Us Highway 1 Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: $1,350,000 Asking Price; 4,666 Square Foot Medical Office Building; Located at 479 & 481 US Highway 1, Ormond Beach, FL 32174
    Request Owner's contact information
    479 Us Highway 1 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
    479 Us Highway 1 Ormond Beach, FL 32174
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