Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    231 Cardinal Dr, Unit 10 Ormond Beach, FL 32176-7761
    Back to Search
    Property profile & analytics

    231 Cardinal Dr, Unit 10, Ormond Beach, FL 32176-7761

    View on Map
    • Warehouses
    • 6,634 SF
    • 0.15 lot acres
    Off-Market
    Property ID
    US18-5138606
    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
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • A Beachside Storage / Storage Facility

    Property Details for 231 Cardinal Dr

    Year built
    1947
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.15 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    4223-29-00-0010
    APU
    422329000010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 25, 2018 $480,000 Equitable Storage LLC Jp Real Estate Management Company L Warranty Deed $360k · Seacoast National Bank
    May 21, 2018 — Jp Real Estate Management Company L — Deed · related $235k · Seacoast National Bank
    Jan 27, 2005 $350,000 Jp Real Estate Management Co LLC Beachside Storage LLC Warranty Deed $468k · Wachovia Bank NA
    May 3, 2002 $250,000 Beachside Storage LLC Prestige Realty Associates INC Grant Deed $249k · Prestige Realty Associates INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $653,000
      Market price range: $488k - $1.29M
      AI Estimate
      $599,000
      Market price range: $388k - $1.57M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $815,000
      Current use
      COMMERCIAL (GENERAL)
      $990,000
      Change: +22% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $860,000
      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
    -81.0332
    Latitude
    29.2754
    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
    $7,714
    $119,412
    $353,012
    $472,424
    -
    $119,412
    $353,012
    $472,424

    Comparable in this City

    • Value Estimation by Request
      336 SF

      621 Atlantic Ave, Unit CU-13

      WAREHOUSE, STORAGE
      621 Atlantic Ave, Ormond Beach, FL 32176-7715
      View Details
    • Value Estimation by Request
      1,344 SF

      45 Seton Trl

      WAREHOUSE, STORAGE
      45 Seton Trl, Ormond Beach, FL 32176-6524
      View Details
    • Value Estimation by Request
      748 SF

      1565 Ocean Shr Blvd

      WAREHOUSE, STORAGE
      1565 Ocean Shr Blvd, Ormond Beach, FL 32176-3625
      View Details
    • Value Estimation by Request
      276 SF

      621 Atlantic Ave, Unit CU-14

      WAREHOUSE, STORAGE
      621 Atlantic Ave, Ormond Beach, FL 32176-7715
      View Details
    • Value Estimation by Request
      45 SF

      621 Atlantic Ave, Unit CU-16

      WAREHOUSE, STORAGE
      621 Atlantic Ave, Ormond Beach, FL 32176-7715
      View Details
    • Value Estimation
      $740,000
      3,996 SF

      630 Atlantic Ave

      WAREHOUSE, STORAGE
      630 Atlantic Ave, Ormond Beach, FL 32176-7757
      View Details

    Similar Nearby for Sale

    • $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
    • $2,500,000

      Ormond Beach Land For Sale

      Highly visible land available on Ocean Shore Boulevard.
      1537 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • Contact for pricing
      1,225 SF

      Waterfront Condo with Panoramic Views

      Updated waterfront condo with ocean views and many amenities.
      1415 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • $295,000
      0.17 Acres

      Beachside Vacant Land Opportunity

      Vacant land near the beach in Ormond Beach, Florida.
      28 Ocean Breeze Cir, Ormond Beach, FL 32176
      View Details
    • Contact for pricing

      Waterfront Land on John Anderson

      1.5-acre waterfront lot on Intracoastal Waterway in Ormond Beach.
      3780 John Anderson Dr, Ormond Beach, FL 32176
      View Details
    • $1,299,000
      0.32 Acres

      Intracoastal Riverfront Land Opportunity

      Intracoastal riverfront land near the beach to build your dream home.
      3680 John Anderson Dr, Ormond Beach, FL 32176
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Space Near Ocean

      107,066 SF retail space with high visibility and traffic.
      201 East Granada Blvd, Ormond Beach, FL 32176
      View Details
    • $1,300 /Mo
      500 SF

      Office Space in Ormond Beach

      First-floor office space available in Ormond Beach, FL.
      120 E Granada 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
      View Details
    • Contact for pricing

      Ormond Beach Retail Space Available

      Retail space for lease in Ormond Beach, anchored by Publix.
      1278 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • $2,647 /Mo
      1,629 SF

      Ormond Beach Medical/Professional Offices

      Medical/professional offices in prime Ormond Beach location for rent.
      1182 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    • $2,187 /Mo
      1,232 SF

      Beachside Retail/Office Space Available

      Versatile 1,232 SF suite in Ormond Beach, Florida.
      1452 Ocean Shore Blvd, Ormond Beach, FL 32176
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    231 Cardinal Dr, Unit 10
    Ormond Beach, FL 32176-7761
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    231 Cardinal Dr, Ormond Beach, FL, 32176
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!