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Property profile & analytics
OFF-MARKET
Commercial real estate

12 Pearl Dr Ormond Beach, FL 32174

16.32 ac lot
Property ID
US18-3360117
Property summary
AI-generated overview

This exceptional 16.32-acre land assemblage presents a rare development opportunity in the heart of Ormond Beach, Florida. Strategically located east of I-95, this property boasts convenient access to Pearl Drive, adjacent to Ameris Bank, and via a dedicated easement near VyStar Credit Union and Zaxby's. The site is ideally situated near a wealth of amenities, including shopping centers (Aldi's, Starbucks, Publix, Walmart, Lowe's, Beall's, Ross, Petco), restaurants (Chick-fil-A, Panera Bread, Chipotle, Wendy's, Dustin's, Taco Bell), banking, medical services, and more, all within a one-mile radius. Less than a mile from I-95, this high, level, and nicely wooded parcel offers significant potential. Currently zoned for assisted living, childcare, and private schools, the future land use designation allows for a mix of residential, office, and retail development. Potential uses include townhomes, apartments, and condominiums, subject to necessary land use and zoning changes. The asking price is $3,952,500, translating to $242,187 per acre. The property's APN is 4230-00-00-0061. This represents the last remaining infill assemblage of its kind in Ormond Beach, making it a truly unique investment prospect. The assemblage includes four parcels with four separate owners. Additional parcel numbers include 4230-00-00-0170 and 4230-00-00-0062.

Property profile
Verified
Property type Commercial real estate
Lot 16.32 ac (710,899 SF)
APN 4230-00-00-0061
UPID US18-3360117
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jimmy Thompson Masonry General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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