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    1259 Granada Blvd Ormond Beach, FL 32174-5914
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    Property profile & analytics

    1259 Granada Blvd Ormond Beach, FL 32174-5914

    View on Map
    • Manufacturing properties
    • 11,031 SF
    • 1.82 lot acres
    Off-Market
    Property ID
    US18-0536132
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,180,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ameris Bank / Bank / Loan Service
    • Rachel Miller - Ameris Bank Mortgage / Loan Service / Bank
    • Tracy Poetsch - Ameris Bank Mortgage / Loan Service / Bank
    • Michelle Adams - Ameris Bank Mortgage / Loan Service / Bank
    • Rachael Gilbert- Ameris Bank Mortgage / Loan Service / Bank

    Property Details for 1259 Granada Blvd

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.82 lot acres
    Property size
    11,031 SF
    Zone code
    B10
    Property type
    Manufacturing properties
    APN
    4230-00-00-0190
    APU
    423000000190

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,095,000
      6.5%
      $1,010,000
      7%
      $940,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $938,000
      Market price range: $219k - $939k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,430,000
      Current use
      COMMERCIAL (GENERAL)
      $1,835,000
      Change: +28% Conversion: Difficult
      RETAIL STORES
      $1,740,000
      Change: +22% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,355,000
      Change: -5% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.1049
    Latitude
    29.2659
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $28,394
    $415,008
    $1,331,958
    $1,746,966
    -
    $415,008
    $1,331,958
    $1,746,966

    Comparable in this City

    • Value Estimation
      $1,070,000
      15,375 SF

      1345 Us Hwy 1st 1

      MANUFACTURING (LIGHT) • 15,375 SF
      1345 Us Hwy 1st 1, Ormond Beach, FL 32174-8702
      View Details
    • Value Estimation
      $600,000
      8,762 SF

      1298 Granada Blvd

      MANUFACTURING (LIGHT) • 8,762 SF
      1298 Granada Blvd, Ormond Beach, FL 32174-5901
      View Details
    • Value Estimation by Request
      13,133 SF

      776 Parque Dr

      Manufacturing properties • 13,133 SF
      776 Parque Dr, Ormond Beach, FL 32174
      View Details
    • Value Estimation
      $1,600,000
      29,806 SF

      15 Sunshine Blvd

      MANUFACTURING (LIGHT) • 29,806 SF
      15 Sunshine Blvd, Ormond Beach, FL 32174-2921
      View Details
    • Value Estimation
      $975,000
      18,400 SF

      300 Plantation Bay Dr

      MANUFACTURING (LIGHT) • 18,400 SF
      300 Plantation Bay Dr, Ormond Beach, FL 32174
      View Details
    • Value Estimation
      $765,000
      12,371 SF

      1230 Us Hwy 1st Ste, Unit 15

      MANUFACTURING (LIGHT) • 12,371 SF
      1230 Us Hwy 1st Ste, Ormond Beach, FL 32174-6636
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Turn-Key Industrial Compound For Sale

      Secured industrial compound with multiple buildings and specialized equipment.
      50 S Perrott Dr, Ormond Beach, FL 32174
      View Details
    • $1,190,000
      3,600 SF

      Ormond Beach US1 Commercial Property

      Versatile industrial property on US1 in Ormond Beach, Florida.
      1170 Us Highway 1, 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
    • Contact for pricing

      Destination Daytona Flex Space

      10,080 SF flex space in Destination Daytona.
      372 Destination Daytona Ln, Ormond Beach, FL 32174
      View Details
    • $1,700,000

      Ormond Beach Warehouse on Corner Lot

      19,000 SF warehouse on 2 acres in Ormond Beach.
      685 S Yonge St, Ormond Beach, FL 32174
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    • $999,000
      5,000 SF

      Ormond Beach Flex Property

      Multi-purpose flex property with storage, showroom, and warehouse space.
      1010 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
    • New
      $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
    • $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

      Ormond Beach Industrial Warehouse Space

      Industrial warehouse with office and canopy workspace available for rent.
      912 S Nova Rd, Ormond Beach, FL 32174
      View Details
    • $13 SF/Yr

      Ormond Beach Flex Space Available

      5,000 SF flex space for rent in Ormond Beach.
      1280 Hand Ave, Ormond Beach, FL 32174
      View Details
    • $13 SF/Yr

      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

    Property Visit Statistics

    • Visits by month
      2.6k
    • Visitors by month
      1.1k
    • Avg Time on site
      19 min
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    1259 Granada Blvd
    Ormond Beach, FL 32174-5914
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    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
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