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    Sr-40 Ormond Beach, FL 32174

    Sponsored
    For Sale
    $799,900

    25 Acres, High-Visibility Location, $799,900

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 25.1-acre parcel in Ormond Beach, Florida, presents a significant investment opportunity. Located at 0 Sr-40, this property boasts hundreds of feet of frontage on State Road 40, strategically positioned at the intersection of Airport Road and Granada Boulevard. The land offers a unique blend of commercial and residential potential, currently zoned to allow for a single-family dwelling (standard, modular, or mobile home). The site encompasses approximately 7.5 acres of dry, undeveloped pine forest, situated on the northeast and southwest portions. Wetlands are present on the northwest and southeast sections. The Tomoka River flows along the eastern property boundary. The total lot size is 1,106,859.6 square feet. The property's location immediately south of West State Road 40 and south of the intersection of Airport Road and West State Road 40 provides excellent visibility and accessibility. Future land use designation by the county is Incorporated. This property's size, location, and zoning create a compelling opportunity for diverse development possibilities. Consider the potential for commercial development given its high-traffic location, or explore residential options within the existing zoning allowances. The unique blend of forested and wetland areas adds to the property's character and potential for creative development. This is a rare opportunity to acquire a substantial parcel of land in a desirable Florida location.

    Property Features for 0 Sr-40

    General Information

    Property type
    Land

    HighLights

    • 25.1‑acre parcel in Ormond Beach, FL, offering significant investment potential.
    • High‑visibility location on SR 40, at Airport Rd and Granada Blvd intersection.
    • Zoned for single‑family dwelling (standard, modular, or mobile home), with potential for commercial development.
    • Features 7.5 acres of dry pine forest and wetlands, bordering the Tomoka River.
    • Total lot size: 1,106,859.6 sq ft; Future land use designation: Incorporated.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.1651035
    Latitude
    29.2570998

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    FAQs

    What type of property is this?
    Land - 25 Acres, High-Visibility Location, $799,900
    Where is this land located?
    The property is located at Sr-40 Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: 25.1-acre parcel in Ormond Beach, FL, offering significant investment potential.; High-visibility location on SR 40, at Airport Rd and Granada Blvd intersection.; Zoned for single-family dwelling (standard, modular, or mobile home), with potential for commercial development.
    Request Owner's contact information
    Sr-40 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
    Sr-40 Ormond Beach, FL 32174
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