Add Listing
    For Sale
    • 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

    Granada Ave and Old Kings Rd Ormond Beach, FL 32174

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land with frontage on Granada Ave in Ormond Beach.

    Type:Industrial, Land, Mixed Use, Office, Retail
    Property size:
    1,652 SF
    Added:
    Sep 6, 2022
    Days on Market:
    1305
    Last Refresh:
    Mar 17 at 1:23 pm

    Property Features for Granada Ave and Old Kings Rd

    General Information

    Standard status
    Active
    Size
    1,652 SF
    Property subtype
    Industrial, Land, Mixed Use, Office, Retail

    We can help!

    Listing Contact
    Miro Lakic

    Listing agent Miro Lakic License #BK 667214

    Listing office Executive Realty Network

    Listing date Sep 6, 2022

    Source Crexi

    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 Executive Realty Network

    Overview

    Commercial Land on Granada Avenue

    This commercial land is located at the intersection of Granada Avenue and Old Kings Road in Ormond Beach, Florida. The property features over 150 feet of frontage on Granada Avenue. The site is zoned CGC (Ormond Beach Commercial) and allows for commercial, parking, office, and retail uses. The property has 1652 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.1619
    Latitude
    29.2898

    Nearby Similar for Sale

    • $585,000
      2,704 SF

      Ormond Beach Commercial Investment Opportunity

      Fully leased retail/office building with high visibility and traffic.
      325 S Yonge Street, Ormond Beach, FL 32174
      View Details
    • $1,300,000
      5,650 SF

      Ormond Beach Commercial Property For Sale

      Versatile commercial property with high-security features and expansion potential.
      974 S Nova Road, Ormond Beach, FL 32174
      View Details
    • $375,000
      1,530 SF

      Ormond Beach Commercial Property For Sale

      Commercial property with B-4 zoning, ideal for investors or owners.
      222 Hernandez Avenue, Ormond Beach, FL 32174
      View Details
    • $999,500
      5,139 SF

      Turn-Key Collision Center For Sale

      Equipped collision center with secured industrial compound on 0.68 acres.
      50 S Perrott Drive, Ormond Beach, FL 32174
      View Details
    • $1,699,000
      2,175 SF

      Ormond Beach Medical/Professional Office

      Iconic medical/professional office in central Ormond Beach Boulevard District.
      750 W Granada Boulevard, Ormond Beach, FL 32174
      View Details
    • $599,900

      Ormond Beach Land For Development

      2.85 acre property in the heart of Ormond Beach.
      11 Pearl Drive, Ormond Beach, FL 32174
      View Details
    • $3,800,000
      4,077 SF

      Ormond Beach Commercial Oceanfront Property

      Updated 4,077 SF restaurant on 0.87-acre corner lot.
      790 S Atlantic Avenue, Ormond Beach, FL 32176
      View Details
    • $285,000
      1,176 SF

      Ormond Beach Mixed-Use Commercial Property

      Mixed-use commercial property in Ormond Arts District with US1 frontage.
      203 S Yonge Street, Ormond Beach, FL 32174
      View Details
    • $399,000
      8,380 SF

      Ormond Beach Bar and Grill

      Established bar and grill in the heart of Ormond Beach.
      N US Highway 1, Ormond Beach, FL 32174
      View Details
    • $745,000
      740 SF

      Ormond Beach Coastal Commercial Property

      Freestanding building with high visibility and income potential.
      1760 Ocean Shore Boulevard, Ormond Beach, FL 32176
      View Details
    • $425,000

      Ormond Beach Cleared Land

      Cleared 1.32-acre commercial land in Ormond Beach, Florida.
      1082 Broadway Avenue, Ormond Beach, FL 32174
      View Details
    • $135,000
      8,772 SF

      Furnished Office Suite in Ormond

      Turnkey 780 SF office suite in Ormond Beach, Florida.
      555 W Granada Boulevard unit: D-8, Ormond Beach, FL 32174
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with frontage on Granada Ave in Ormond Beach.
    Where is this commercial land located?
    The property is located at Granada Ave and Old Kings Rd Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: High‑traffic intersection location at Granada Ave and Old Kings Rd; **150+ ft frontage on Granada Ave**; Zoned CGC Ormond Beach Commercial
    We can help!
    Listing Contact
    Miro Lakic
    Real Estate License ID: BK 667214
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!