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Property profile

776 Parque Dr Ormond Beach, FL 32174

OFF-MARKET
Warehouses
13,133 SF Built 2024
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Property summary

AI-generated overview

This exceptional new construction commercial condo at 776 Parque Drive, Ormond Beach, FL 32174, offers versatile space ideal for various businesses. Located near US Hwy 1 and Calle Grande, this Class B property boasts 13,133 total square feet, divisible into units as small as 2,600 square feet, with a maximum contiguous space of 13,133 square feet. The building, completed in 2024, features a modern design with an 18-foot ceiling height, ten drive-in doors, and 120-208 3-phase power. Amenities include ADA-compliant restrooms, an AES fire sprinkler system, and insulated walls ready for your HVAC system. The building is constructed of metal with 12x14 roll-up doors and energy-efficient LED lighting. Zoned CC-1, this property presents a unique opportunity in the Daytona Beach submarket, close to the Orlando Florida cluster. The base rent is $4,500 per month (NNN lease), plus CAM fees and sales tax. Occupancy is approximately 60 days after lease signing and security deposit receipt. The property is currently entirely vacant. The APN is 424204070290.

Property profile

Verified
Property type Warehouses
Year built 2024
Total area 13,133 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

776 Parque Dr Ormond Beach, FL 32174
Ormond Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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