479 Us Highway 1 Ormond Beach, FL 32174
This exceptional 4,666 square foot medical office building, situated on US Highway 1 in Ormond Beach, Florida, presents a unique investment opportunity. Built in 1962, this Class A property boasts a solid block construction and sits on a generous 21,575.27 square foot lot overlooking the Tomoka River. The building features two distinct units (479 & 481 US Highway 1), each with separate entrances, reception areas, and kitchens, ideal for multiple tenants or a single large practice. Currently configured with six oversized executive offices, multiple support staff areas, and two full kitchens with break rooms, the layout offers flexibility. High-end finishes, custom trim work, solid core wood doors, and volume ceilings enhance the professional aesthetic. A large storage/records room provides additional potential office space. A private paver patio offers outdoor space. The property benefits from existing monument signage with potential for expansion. The B-8 zoning allows for diverse uses, including retail and professional offices. Located near I-95, Ormond Crossings, and Flagler County, this property offers convenient access and exceptional value, priced significantly below replacement cost.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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