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Property profile & analytics
FOR SALE
Retail space

1294 Ocean Shore Blvd Ormond Beach, FL 32176

9,408 SF 0.42 ac lot Built 1955
Entity Owned 9-yr Hold
Property ID
US18-4268146
Property summary
AI-generated overview

This exceptional opportunity presents the acquisition of a well-established hardware store located at 1294 Ocean Shore Boulevard, Ormond Beach, Florida 32176. The business, operating for over 20 years, enjoys a prime location on the beachside peninsula, boasting high visibility and limited competition within an 11-mile radius. The store occupies a 3,200 square foot space within a single-story building constructed in 1955, situated on a sizable 18,373.61 square foot lot. Currently operating at 100% occupancy, this turnkey operation offers a diverse range of products and services, including custom paint mixing, key cutting, and essential plumbing and electrical supplies, catering to both residents and tourists. The asking price is $250,000, representing a significant opportunity for an owner/user investment. This is a business sale only; real estate and inventory are not included in the sale price. The lease is a gross lease on a single unit. The business presents substantial upside potential due to its established customer base and unique market position. This is a rare chance to own a thriving, long-standing business in a desirable coastal Florida location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,408 SF
Lot 0.42 ac (18,375 SF)
Zoning code B4
APN 4203-13-00-1390
UPID US18-4268146
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
  • KNS Hardware Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$961k
Blend (final) Blend
$710k
Owner & transaction history
Ocean Shore Holdings INC · 9 yrs held
Ocean Shore Holdings INC
since 2017
7 recorded transactions
2017
$435,000
2012
Price N/A
2009
Price N/A
2003
$265,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B4 · Ormond Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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