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    1360 Ocean Shr Blvd Ormond Beach, FL 32176-3630
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    Property profile & analytics

    1360 Ocean Shr Blvd, Ormond Beach, FL 32176-3630

    View on Map
    • Retail space
    • 20,885 SF
    • 0.58 lot acres
    Off-Market
    Last Sale Mar 17, 2023
    Property ID
    US18-5036591
    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
    $1,500,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Speedy Mart / (Bike/Boat/Book/etc) Store
    • The Vintage Gun Trader / Gun Shop
    • Beauty Nails & Spa / Nail Salon
    • Beachside Pool & Spa Supply / Spa & Massage Center / Gym & Fitness Center
    • Nick's Pool Solutions / General Contractor

    Property Details for 1360 Ocean Shr Blvd

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.58 lot acres
    Property type
    Retail space
    APN
    3234-11-02-0130
    APU
    323411020130

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 17, 2023 — Stamie K Garcia Stamie K Garcia Intrafamily Transfer · related —
    Oct 11, 2022 — Telendos Properties LLC Stamie K Garcia Deed —

    Description

    This exceptional 1,100 square foot retail space is ideally situated at 1360 Ocean Shore Boulevard in Ormond Beach, Florida, 32176. Located in a convenient strip mall plaza directly across from the beach, this single-tenant property offers unparalleled visibility and accessibility. The property sits on a 0.58-acre lot and comprises a single-story building with one suite. The property's APN is 3234-11-02-0130. Previously occupied by a pool store, this versatile space presents a fantastic opportunity for a diverse range of businesses to thrive in this prime beachfront location. The monthly rent is $1260, which includes CAM fees, making it an attractive and cost-effective option. Its proximity to the beach ensures high foot traffic and visibility, making it an ideal location for businesses seeking a strong presence in a vibrant coastal community. The property's single-tenant occupancy provides simplicity and control, while its size offers ample space for various retail operations. Don't miss this chance to establish your business in this highly desirable Ormond Beach location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0572
    Latitude
    29.3262
    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
    $8,746
    $203,040
    $257,164
    $460,204
    -
    $203,040
    $257,164
    $460,204

    Comparable in this City

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      1368 Ocean Shr Blvd

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      198 Atlantic Ave

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      8,225 SF

      550 Atlantic Ave

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    • Value Estimation
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      9,408 SF

      1294 Ocean Shr Blvd

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    • Value Estimation
      $1,525,000
      9,613 SF

      144 Granada Blvd

      RETAIL STORES (PERSONAL SERVICES)
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    • $115,000
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      Established Hardware Store Business Opportunity

      Turn-key hardware business serving Ormond Beach peninsula for over 20 years.
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    Similar Nearby for Lease

    • $2,187 /Mo
      1,232 SF

      Beachside Retail/Office Space Available

      Versatile 1,232 SF suite in Ormond Beach, Florida.
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      3,000 SF

      Retail Space on Granada Boulevard

      Retail space with high visibility and recent facade renovation.
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      2,122 SF

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    • $2,072 /Mo
      32,040 SF

      Ormond Beach Retail Space Available

      High-visibility retail space in a thriving beachside plaza.
      1452 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • Contact for pricing
      1,780 SF

      Retail Space in Ormond Beach

      Retail space available in a busy Ormond Beach shopping center.
      1222-1278 Ocean Shore Blvd, Ormond Beach, FL 32176
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    • Contact for pricing

      Prime Beachside Business Opportunity

      Two-story commercial space in Ormond Beach, high visibility location.
      400 S Atlantic Ave, Ormond Beach, FL 32176
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    Ormond Beach, FL 32176-3630
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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.

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