Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    900 Ocean Shore Blvd Ormond Beach, FL 32176

    • Commercial real estate
    For Sale
    View listing
    $399,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3642628
    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 900 Ocean Shore Blvd

    Property type
    Commercial real estate

    Description

    This exceptional 16,117.2 square foot commercial land parcel presents a unique investment opportunity in the desirable Ormond Beach, Florida area. Located at 900 Ocean Shore Boulevard, this property boasts a prime location with significant development potential. The expansive lot size offers ample space for a variety of commercial ventures, catering to the needs of a thriving coastal community. Zoned for commercial use (specific zoning details should be independently verified), this land provides a blank canvas for entrepreneurs and developers seeking a strategic foothold in a high-demand market. The property's address places it directly on Ocean Shore Boulevard, offering excellent visibility and accessibility. With its proximity to the ocean and the vibrant Ormond Beach community, this land parcel is poised for significant appreciation. The asking price of $399,000 represents a compelling entry point into the Ormond Beach commercial real estate market. Serious inquiries are encouraged to explore the possibilities of this exceptional land offering. The property is situated in Volusia County, Florida, and its precise location is 29.313353 latitude and -81.050824 longitude, with a zip code of 32176. This information is provided for informational purposes only and should be independently verified.

    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
    -81.050824
    Latitude
    29.313353

    Comparable in this City

    • $330,000
      0.21 Acres

      Beachside Lot in Ormond Beach

      Rare beachside lot to build your custom dream home.
      119 Capri Dr, Ormond Beach, FL 32176
      View Details
    • $3,800,000
      2.00 Acres

      680 Atlantic Ave

      Land • 2.00 Acres
      680 Atlantic Ave, Ormond Beach, FL 32176
      View Details
    • $4,200,000

      Ormond Beach Waterfront Estate

      14 Acres, Intracoastal Views, Prime Location
      4310 John Anderson Dr, Ormond Beach, FL 32176
      View Details
    • $1,299,000
      0.32 Acres

      Intracoastal Riverfront Land Opportunity

      Intracoastal riverfront land near the beach to build your dream home.
      3680 John Anderson Dr, Ormond Beach, FL 32176
      View Details
    • $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
      View Details
    • $299,000
      0.28 Acres

      Beachside Vacant Lot Opportunity

      Rare double lot near the intracoastal and no-drive beach.
      151 Avalon Dr, Ormond Beach, FL 32176
      View Details

    Similar Nearby for Sale

    • $330,000
      0.21 Acres

      Beachside Lot in Ormond Beach

      Rare beachside lot to build your custom dream home.
      119 Capri Dr, Ormond Beach, FL 32176
      View Details
    • $1,299,000

      Ormond Beach Riverfront Land

      Prime Intracoastal Waterfront Lot, Build Your Dream Home
      3680 John Anderson Dr, Ormond Beach, FL 32176
      View Details
    • $240,000
      0.14 Acres

      Oceanview Beachside Lot Opportunity

      Beachside lot with ocean views, ideal for building your dream home.
      107 Capri Dr, Ormond Beach, FL 32176
      View Details
    • $790,000

      Ormond Beach Waterfront Land

      Prime 1.5-acre commercial lot, Intracoastal access.
      3780 John Anderson Dr, Ormond Beach, FL 32176
      View Details
    • $495,000

      Land For Sale

      Land available for sale.
      3755 John Anderson Dr, Ormond Beach, FL 32176
      View Details
    • $299,900
      0.16 Acres

      Ormond Beach Land For Sale

      Cleared land ready for a new home in Ormond Beach.
      3731 Egret Dunes Dr, Ormond Beach, FL 32176
      View Details

    Similar Nearby for Lease

    • $192 SF/Yr
      29,730 SF

      Aliki Plaza: Ormond Beach Office

      Beachfront Office Space Available
      400 Atlantic Ave, Ormond Beach, FL 32176
      View Details
    • $2,072 /Mo
      32,040 SF

      Ormond Beach Retail Space Available

      High-visibility retail space in a thriving beachside plaza.
      1452 Ocean Shore Blvd, Ormond Beach, FL 32176
      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
    • $20 SF/Yr
      5,370 SF

      Prime Retail Space Available

      Retail spaces available in recently renovated Ellinor Village Shopping Center.
      616-620 S Atlantic Ave, Ormond Beach, FL 32176
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space on Granada Boulevard

      Retail space with high visibility and recent facade renovation.
      155-251 E Granada Blvd, Ormond Beach, FL 32176
      View Details
    • $1,650 /Mo
      7,424 SF

      Ormond Beach Office Suites

      Professional office suites in a prime beachside location.
      730 S Atlantic Ave, Ormond Beach, FL 32176
      View Details
    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.
    900 Ocean Shore Blvd
    Ormond Beach, FL 32176
    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.
    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.