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    127 Avalon Dr Ormond Beach, FL 32176

    • Commercial real estate
    For Sale
    View listing
    $330,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5312560
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 127 Avalon Dr

    Property type
    Commercial real estate

    Description

    This exceptional 9,147.6 square foot commercial land parcel presents a remarkable opportunity in the highly sought-after Ormond-by-the-Sea area of Ormond Beach, Florida. Located at 127 Avalon Drive, this lot, measuring approximately 79 feet by 115 feet (a lot and a half), offers breathtaking ocean breezes and captivating river views. Zoned to allow for the construction of 1-, 2-, or 3-story buildings, this property provides unparalleled flexibility for a variety of commercial ventures. The absence of a homeowner's association (HOA) simplifies the development process, eliminating unnecessary restrictions. Its convenient location places you just minutes away from the vibrant restaurants and shopping districts of both Ormond Beach and Flagler Beach, ensuring high visibility and accessibility for your business. The asking price for this exceptional property is $330,000. All information is believed to be accurate but is not guaranteed. Contact us today to explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.079003
    Latitude
    29.370012

    Comparable in this City

    • $3,750,000
      1.07 Acres

      Prime Oceanfront Property in Ormond Beach

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    • $199,900

      Prime Ormond Beach Commercial Land

      6,098 sq ft Commercial Lot, $199,900
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    • $399,000

      Oceanfront Ormond Beach Land

      Prime Commercial Land, 16,117 SF
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    • $299,000
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      Beachside Vacant Lot Opportunity

      Rare beachside vacant lot, build your dream home!
      151 Avalon Dr, Ormond Beach, FL 32176
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    • $4,200,000
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      Intracoastal Estate Property with Views

      14-acre waterfront property with approved development agreement.
      4310 John Anderson Dr, Ormond Beach, FL 32176
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    • $699,000
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      Halifax Riverfront Land Opportunity

      Rare 1.55 acre lot with Halifax River shoreline.
      3780 John Anderson Dr, Ormond Beach, FL 32176
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    Similar Nearby for Sale

    • $3,750,000
      1.07 Acres

      Prime Oceanfront Property in Ormond Beach

      Rare 1.07-acre oceanfront property with 205 feet of frontage.
      67 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • $199,900

      Prime Ormond Beach Commercial Land

      6,098 sq ft Commercial Lot, $199,900
      125 Capri Dr, Ormond Beach, FL 32176
      View Details
    • $399,000

      Oceanfront Ormond Beach Land

      Prime Commercial Land, 16,117 SF
      900 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • $299,000
      0.28 Acres

      Beachside Vacant Lot Opportunity

      Rare beachside vacant lot, build your dream home!
      151 Avalon Dr, Ormond Beach, FL 32176
      View Details
    • $4,200,000
      14.00 Acres

      Intracoastal Estate Property with Views

      14-acre waterfront property with approved development agreement.
      4310 John Anderson Dr, Ormond Beach, FL 32176
      View Details
    • $699,000
      1.55 Acres

      Halifax Riverfront Land Opportunity

      Rare 1.55 acre lot with Halifax River shoreline.
      3780 John Anderson Dr, Ormond Beach, FL 32176
      View Details

    Similar Nearby for Lease

    • $192 SF/Yr
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      Aliki Plaza: Ormond Beach Office

      Beachfront Office Space Available
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    • $2,072 /Mo
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      Ormond Beach Retail Space Available

      High-visibility retail space in a thriving beachside plaza.
      1452 Ocean Shore Blvd, Ormond Beach, FL 32176
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    • $2,250 /Mo
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      Ormond Beach Prime Office Space

      Highly visible 1,800 SF office space for lease.
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    • $20 SF/Yr
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      Prime Retail Space Available

      Retail spaces available in recently renovated Ellinor Village Shopping Center.
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    • Contact for pricing
      3,500 SF

      Retail Space on Granada Boulevard

      Retail space with high visibility and recent facade renovation.
      155-251 E Granada Blvd, Ormond Beach, FL 32176
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    • $1,650 /Mo
      7,424 SF

      Ormond Beach Office Suites

      Professional office suites in a prime beachside location.
      730 S Atlantic Ave, Ormond Beach, FL 32176
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    Ormond Beach, FL 32176
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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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