Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1815 Us Highway 1 Ormond Beach, FL 32174
    Property profile & analytics

    1815 Us Highway 1, Ormond Beach, FL 32174

    View on Map
    • Warehouses
    • 17,828 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1815 Us Highway 1

    Year built
    1966
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional Ormond Beach, Florida property presents a rare investment opportunity. Located at 1815 N US Highway 1, this expansive 17,828 square foot warehouse/manufacturing building sits on a substantial 7.5-acre lot (324,957.6 sq ft). Built in 1966, the structure offers nearly 20,000 square feet of versatile mixed-use space, ideal for a variety of industrial and commercial applications. Features include high ceilings, convenient loading docks, ground-level access doors, and dedicated office areas. The property's ample land provides extensive parking, significant room for expansion, or the potential for additional structures. Its strategic location near I-95 and the upcoming Ormond Crossing mixed-use development offers excellent accessibility and future growth potential. Zoned Light Industrial, permitted uses include warehouse storage, vehicle repair, business warehousing, business services, construction, and home improvement, among others. Square footage is derived from tax records; all information is believed accurate but not guaranteed.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.1461
    Latitude
    29.348

    Comparable in this City

    • Value Estimation by Request
      1,946 SF

      1230 Us Highway 1

      Distribution properties
      1230 Us Highway 1, Ormond Beach, FL 32174
      View Details
    • Value Estimation by Request
      13,133 SF

      776 Parque Dr

      Distribution properties
      776 Parque Dr, Ormond Beach, FL 32174
      View Details
    • Value Estimation by Request
      13,133 SF

      754 Parque Dr

      Distribution properties
      754 Parque Dr, Ormond Beach, FL 32174
      View Details
    • Value Estimation by Request

      724 Nova Rd

      Automotive properties
      724 Nova Rd, Ormond Beach, FL 32174
      View Details
    • Value Estimation by Request
      13,133 SF

      776 Parque Dr

      Manufacturing properties
      776 Parque Dr, Ormond Beach, FL 32174
      View Details
    • Value Estimation by Request
      5,650 SF

      974 Nova Rd

      Automotive properties
      974 Nova Rd, Ormond Beach, FL 32174
      View Details

    Similar Nearby for Sale

    • $575,000
      1,785 SF

      Ormond Beach Commercial Property For Sale

      Versatile commercial building with warehouse space in Ormond Beach, Florida.
      300 Washington Pl, Ormond Beach, FL 32174
      View Details
    • Contact for pricing

      Ormond Beach Commercial Property For Sale

      Versatile commercial building with warehouse space and ample parking.
      300 Washington Pl, Ormond Beach, FL 32174
      View Details
    • $1,300,000

      Secure Facility with High-End Appeal

      Versatile property with vault, secure yard, and premium finishes.
      974 S Nova Rd, Ormond Beach, FL 32174
      View Details
    • Contact for pricing

      Multi-Purpose Flex Property For Sale

      Flex property with warehouse, showroom, and storage/parking area.
      1010 S Nova Rd, Ormond Beach, FL 32174
      View Details
    • $249,900
      1.68 Acres

      Ormond Beach Development Site

      1.68-acre site suitable for office, warehouse, or self-storage.
      150 N Orchard St, Ormond Beach, FL 32174
      View Details
    • Contact for pricing
      5,650 SF

      Secure Facility with High-End Appeal

      Versatile property with vault, warehouse, office, and secure yard.
      974 S Nova Rd, Ormond Beach, FL 32174
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      15,882 SF

      Ormond Beach Industrial Warehouse

      Spacious warehouse, prime location, sublease.
      430 Andalusia Ave, Ormond Beach, FL 32174
      View Details
    • $40,013
      69,231 SF

      Ormond Beach Industrial/Manufacturing Space

      46,845 SF industrial space in Ormond Beach, available now.
      2 Sunshine Blvd, Ormond Beach, FL 32174
      View Details
    • Contact for pricing

      Ormond Beach Flex/Office Space

      Flex/office spaces available near I-95 and US Hwy 1.
      100 Business Center Dr, Ormond Beach, FL 32174
      View Details
    • $4,500 /Mo

      Ormond Beach Warehouse For Lease

      3,700 SF warehouse with office and mezzanine space available.
      1074 N Us Highway 1, Ormond Beach, FL 32174
      View Details
    • Contact for pricing
      7,600 SF

      Ormond Beach Warehouse Space Available

      7,600 SF warehouse space for lease in Ormond Beach.
      271 Kenilworth Ave, Ormond Beach, FL 32174
      View Details
    • Contact for pricing
      Pending

      Ormond Beach Flex Space Available

      Up to 19,000 sq ft flex space for lease.
      6 W Tower Cir, Ormond Beach, FL 32174
      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.
    1815 Us Highway 1
    Ormond Beach, FL 32174
    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

    Thank You for Inquiry
    1815 Us Highway 1, Ormond Beach, FL, 32174
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!