0 Ormond Bch Ormond Beach, FL 32174
This exceptional 25.1-acre property in Ormond Beach, Florida, presents a significant investment opportunity. Located at 0 Hwy 40, Ormond Beach, FL 32174, this FEE SIMPLE land boasts hundreds of feet of frontage on State Road 40, strategically positioned near the intersection of Airport Road and Granada. The property is currently zoned for residential use, permitting a single-family home (standard, modular, or mobile). However, the future land use designation by the county is "Incorporated," suggesting potential for future development. The land itself is a mix of dry, undeveloped forested areas (approximately 7.5 acres of pine forest) and wetlands, situated south of West State Road 40 and south of the intersection of Airport Road and West State Road 40. A portion of the Tomoka River runs along the eastern property boundary. The asking price is $799,900. This unique parcel offers substantial potential for various development scenarios given its size, location, and highway frontage. Serious inquiries are encouraged.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.