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    Property profile & analytics

    125 Capri Dr Ormond Beach, FL 32176

    • Commercial real estate
    For Sale
    View listing
    $199,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3266208
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 125 Capri Dr

    Property type
    Commercial real estate

    Description

    This exceptional 6,098.4 square foot commercial lot is ideally situated at 125 Capri Drive in Ormond Beach, Florida, zip code 32176, within Volusia County. Offered at $199,900, this property presents a unique opportunity for commercial development. The land is categorized as commercial and boasts a prime location. Its precise coordinates are latitude 29.369286 and longitude -81.078575. While the marketing materials mention proximity to the beach, this listing focuses on the commercial potential of the property itself. The lot's size provides ample space for a variety of commercial ventures, allowing for significant flexibility in design and construction. Given its location in Ormond Beach, a thriving coastal community, this property offers excellent potential for strong returns on investment. The property is ready for immediate development, presenting a blank canvas for a discerning buyer to create a successful commercial enterprise. Serious inquiries are encouraged to explore the possibilities this exceptional commercial lot offers. The property is zoned for commercial use (zoning information should be independently verified). This is a rare opportunity to acquire a sizable commercial lot in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.078575
    Latitude
    29.369286

    Comparable in this City

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      Beachside Lot in Ormond Beach

      Rare beachside lot to build your custom dream home.
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      680 Atlantic Ave

      Land • 2.00 Acres
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      Ormond Beach Waterfront Estate

      14 Acres, Intracoastal Views, Prime Location
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      Intracoastal Riverfront Land Opportunity

      Intracoastal riverfront land near the beach to build your dream home.
      3680 John Anderson Dr, Ormond Beach, FL 32176
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    • $280,000
      0.16 Acres

      Cleared Land Ready to Build

      Cleared land in well-maintained community, ready for construction.
      3731 Egret Dunes Dr, Ormond Beach, FL 32176
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    Similar Nearby for Sale

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      Oceanfront Ormond Beach Land

      Prime Commercial Land, 16,117 SF
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      Beachside Vacant Lot Opportunity

      Rare beachside vacant lot, build your dream home!
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    • $4,200,000
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      Intracoastal Estate Property with Views

      14-acre waterfront property with approved development agreement.
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    • $699,000
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      Halifax Riverfront Land Opportunity

      Rare 1.55 acre lot with Halifax River shoreline.
      3780 John Anderson Dr, Ormond Beach, FL 32176
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      Ormond Beach Riverfront Land

      Prime Intracoastal Waterfront Lot, Build Your Dream Home
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    • New
      $230,000
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      Oceanview Lot Near Beach

      Beachside lot with ocean view, ideal for building.
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    Similar Nearby for Lease

    • $192 SF/Yr
      29,730 SF

      Aliki Plaza: Ormond Beach Office

      Beachfront Office Space Available
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    • $2,072 /Mo
      32,040 SF

      Ormond Beach Retail Space Available

      High-visibility retail space in a thriving beachside plaza.
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    • $2,250 /Mo
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      Ormond Beach Prime Office Space

      Highly visible 1,800 SF office space for lease.
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    • $20 SF/Yr
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      Prime Retail Space Available

      Retail spaces available in recently renovated Ellinor Village Shopping Center.
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    • Contact for pricing
      3,500 SF

      Retail Space on Granada Boulevard

      Retail space with high visibility and recent facade renovation.
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      Ormond Beach Office Suites

      Professional office suites in a prime beachside location.
      730 S Atlantic Ave, Ormond Beach, FL 32176
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    125 Capri Dr
    Ormond Beach, FL 32176
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    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
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