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    2301 Airport Rd Ormond Beach, FL 32174-2483
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    Property profile & analytics

    2301 Airport Rd Ormond Beach, FL 32174-2483

    View on Map
    • Warehouses
    • 5,343 SF
    • 3.75 lot acres
    Off-Market
    Property ID
    US18-2687303
    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
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ormond Beach Fire Station #94 / Fire Station

    Property Details for 2301 Airport Rd

    Year built
    1993
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.75 lot acres
    Property size
    5,343 SF
    Property type
    Warehouses
    APN
    4123-00-00-0020
    APU
    412300000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $715,000
      6.5%
      $660,000
      7%
      $615,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $754,000
      Market price range: $393k - $1.04M
      AI Estimate
      $657,000
      Market price range: $314k - $1.13M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $655,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $955,000
      Change: +46% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $890,000
      Change: +36% Conversion: Difficult
      RETAIL STORES
      $845,000
      Change: +29% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $695,000
      Change: +6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.1458
    Latitude
    29.2743
    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
    $0.00
    $119,250
    $431,006
    $550,256
    -
    $119,250
    $431,006
    $550,256

    Comparable in this City

    • Value Estimation by Request
      0.00 Acres

      320 Parque Dr, Unit 1

      MINI-WAREHOUSE, STORAGE • 0.00 Acres
      320 Parque Dr, Ormond Beach, FL 32174
      View Details
    • Value Estimation by Request
      1,099 SF

      501 Nova Rd, Unit 9200

      MINI-WAREHOUSE, STORAGE • 1,099 SF
      501 Nova Rd, Ormond Beach, FL 32174
      View Details
    • Value Estimation
      $1,150,000
      7,728 SF

      200 Williamson Blvd

      WAREHOUSE, STORAGE • 7,728 SF
      200 Williamson Blvd, Ormond Beach, FL 32174-8108
      View Details
    • Value Estimation
      $2,360,000
      20,640 SF

      1203 Us Hwy 1st 1

      WAREHOUSE, STORAGE • 20,640 SF
      1203 Us Hwy 1st 1, Ormond Beach, FL 32174-2908
      View Details
    • Value Estimation by Request
      1,054 SF

      301 Division Ave, Unit 17

      WAREHOUSE, STORAGE • 1,054 SF
      301 Division Ave, Ormond Beach, FL 32174-8812
      View Details
    • Value Estimation by Request
      126 SF

      Misners Trl

      WAREHOUSE, STORAGE • 126 SF
      Misners Trl, Ormond Beach, FL 32174
      View Details

    Similar Nearby for Sale

    • 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
    • $575,000
      1,785 SF

      Ormond Beach Commercial Property For Sale

      Versatile commercial building with warehouse space in Ormond Beach, Florida.
      300 Washington Pl, Ormond Beach, FL 32174
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    • $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
      View Details
    • $599,000
      Pending

      Ormond Beach Warehouse with Parking

      Open warehouse with secured parking and high ceilings.
      1230 N Us Highway 1, 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
    • $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

    • Contact for pricing

      Warehouse Bays For Lease

      1,000 square foot warehouse bays available for lease.
      300 S Yonge St, Ormond Beach, FL 32174
      View Details
    • $8 SF/Yr
      7,600 SF

      Ormond Beach Warehouse Space Available

      7,600 SF warehouse space for lease in Ormond Beach.
      271 Kenilworth 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
    • $14 SF/Yr
      15,882 SF

      Ormond Beach Industrial Warehouse

      Spacious warehouse, prime location, sublease.
      430 Andalusia Ave, 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
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    2301 Airport Rd
    Ormond Beach, FL 32174-2483
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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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