Your AI Navigator in Commercial Real Estate
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

    6 Tower Cir Ormond Beach, FL 32174

    Sponsored
    For Lease
    $12 SF/Yr

    Multiple units, prime location, I-95 access.

    Lot size:
    31,362 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    This exceptional warehouse opportunity is situated in the desirable Ormond Beach Airport Business Park, offering unparalleled convenience and accessibility. The property boasts a total of 19,082 square feet of versatile warehouse space, divisible into multiple units to suit diverse business needs. Four individual spaces are currently available, ranging in size from 3,369 square feet to 12,280 square feet, with one additional unit measuring 3,483 square feet. The largest unit (12,280 sq ft) includes a significant advantage: approximately 2,160 square feet of covered and secured outdoor storage space, ideal for equipment or inventory. This Class B industrial property is located at 6 Tower Cir W, Ormond Beach, FL 32174, in Volusia County. Its strategic location provides effortless access to major transportation arteries, including I-95 and US-1, ensuring seamless logistics and efficient distribution for your business. The property is classified as a multi-tenant warehouse, making it an excellent choice for businesses seeking flexible and adaptable space. This is a rare opportunity to secure high-quality warehouse space in a thriving business park. Contact us today to learn more about leasing options and to schedule a viewing.

    Property Features for 6 Tower Cir

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,362 SF
    Class
    B

    Unit(s) available at that property

    Space
    Units: 101, 103 & 104
    Size
    19,082 SF
    Rate per SF
    $12
    Space
    Unit 101
    Size
    12,280 SF
    Rate per SF
    $12
    Space
    Unit 103
    Size
    0 SF
    Rate per SF
    $12
    Space
    Unit 104
    Size
    0 SF
    Rate per SF
    $12

    We can help!

    Listing Contact
    Dick McNerney
    Dick McNerney

    Learn more

    Property Insight Report

    HighLights

    • 19,082 SF divisible warehouse in Ormond Beach Airport Business Park.
    • Four available units ranging from 3,369 SF to 12,280 SF.
    • Largest unit (12,280 SF) includes 2,160 SF of covered outdoor storage.
    • Located at 6 Tower Cir W, Ormond Beach, FL 32174, with easy I‑95 and US‑1 access.
    • Class B multi‑tenant warehouse.
    Property Profile Location Intelligence

    Current Use by Public Records

    BGB Motor Sports Racing Car Parts Store Polymer Fabrication Plastic Fabrication Company

    Suggested Use

    Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Auto Parts Store Kitchen & Bath Garden Center Electronics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.121389451251
    Latitude
    29.294991282767

    Nearby Similar for Lease

    • $10 SF/Yr
      Pending

      Ormond Beach Commercial Space Available

      Up to 19,000 sq ft available for lease.
      6 W Tower Cir, Ormond Beach, FL 32174
      View Details
    • $2,250 /Mo
      Pending

      Ormond Beach Prime Office Space

      Highly visible 1,800 SF office space for lease.
      115 E Granada Blvd, Ormond Beach, FL 32176
      View Details
    • $2,877 /Mo
      1 SF

      Renovated Office Space in Ormond

      Newly renovated 1,360 sqft office space in Ormond Beach.
      1400 Hand Ave, Ormond Beach, FL 32174
      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
    • $2,187 /Mo
      1,232 SF

      Beachside Retail/Office Space Available

      Versatile 1,232 SF suite in Ormond Beach, Florida.
      1452 Ocean Shore Blvd, Ormond Beach, FL 32176
      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
    • $9,902 /Mo
      5,281 SF

      Ormond Beach Freestanding Restaurant Building

      Former restaurant with FF&E, ready for new business.
      400 S Nova Rd, Ormond Beach, FL 32174
      View Details
    • $3,554 /Mo
      17,516 SF

      Ormond Beach Office Space Available

      2070 SF office space in a busy professional center.
      298 S Nova Rd Unit, Ormond Beach, FL 32174
      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
    • $2,837 /Mo
      1,840 SF

      Ormond Beach Retail Space Available

      1,840 SF retail space in central Ormond Beach business district.
      136 N Orchard St, Ormond Beach, FL 32174
      View Details
    • $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

    FAQs

    What type of property is this?
    Distribution property - Multiple units, prime location, I-95 access.
    Where is this distribution property located?
    The property is located at 6 Tower Cir Ormond Beach, FL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 19,082 SF divisible warehouse in Ormond Beach Airport Business Park.; Four available units ranging from 3,369 SF to 12,280 SF.; Largest unit (12,280 SF) includes 2,160 SF of covered outdoor storage.
    Request Owner's contact information
    6 Tower Cir 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.
    6 Tower Cir
    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
    6 Tower Cir 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!
    Listing Contact
    Dick McNerney
    Dick McNerney
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.