Technical
Financial
Distress signals
Property profile

128 Granada Blvd Ormond Beach, FL 32176

OFF-MARKET
Other investment properties
Property ID
US18-4547370
3,358 SF 0.48 ac lot Built 1986
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This two-story, former bank building is located on the southeast corner of Granada Boulevard and Vining Court in Ormond Beach’s downtown district, on the barrier island between the Intracoastal Waterway and the Atlantic Ocean. The building contains approximately 3,162 square feet of space served by an elevator and staircase. The main floor (approximately 2,180 square feet) includes four offices, two bathrooms, and two covered drive-thru lanes beneath a 754 square foot canopy, while the upper level provides two additional offices and a break room. The site includes 17 parking spaces, including one designated for handicap access, and offers approximately 81 linear feet of frontage on Granada Boulevard. The property sits on a 0.48-acre lot and is zoned by the City of Ormond Beach as B-4 Central Business with a Downtown Overlay District, which imposes development requirements such as height, landscaping, setbacks, and parking. Permitted uses include business and professional office, business service, financial institution, medical supply and rental, mixed-use development, retail sales and services, and veterinarian, with conditional uses including personal services, restaurants, and house of worship.

Property profile

Verified
Property type Other investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,358 SF
Lot 0.48 ac (21,000 SF)
APN 4214-05-25-1000
UPID US18-4547370

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Atm
  • Home Decor Store Department Store
  • Photography Service (Bike/Boat/Book/etc) Store
  • Department Store

Location

128 Granada Blvd Ormond Beach, FL 32176-6665
Ormond Beach metro Census 80400 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$645k
CAP Approach CAP
$640k
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$800k

Owner & transaction history

since 2022
Last sale
$875,000
1 recorded transaction
2022
$875,000

Zoning & alternative use

Top alternative use upside
Auto repair, garage $835,000 +66.2%
Medical building $600,000 +19.8%
Neighborhood: shopping center $600,000 +19.7%

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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