Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    232 Yonge St Ormond Beach, FL 32174-6265
    Back to Search
    Property profile & analytics

    232 Yonge St, Ormond Beach, FL 32174-6265

    View on Map
    • Investment properties
    • 768 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Jul 18, 2024
    $300,000
    Property ID
    US19-0476322
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ACME Asbestos Abatement & Remediation Services / Construction Company

    Property Details for 232 Yonge St

    Year built
    1985
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Zone code
    B4
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    4241-09-00-0980
    APU
    424109000980

    Description

    This exceptional Ormond Beach commercial property presents a rare investment opportunity. Located at 232 S Yonge Street, this mixed-use property boasts 1,328 square feet of versatile space, situated on a substantial 15,681.6 square foot lot (two parcels: 424109000980 and 424109000960, encompassing 232 S Yonge and 239 Washington Place). The main building, a unique log structure, features an open cathedral ceiling, a private bathroom, a loft with balcony, and a central vacuum system. Recent upgrades include a new roof, fresh exterior paint, a new ADA-compliant ramp, a new security/fire system, and updated landscaping. The property also includes a large 110 x 100 foot storage lot, fully secured with a new security fence, new trailer electrical hookups, a 24-foot roller gate, and security cameras. The property enjoys 110 feet of frontage on busy US1, just south of Granada Boulevard, offering excellent visibility and accessibility. Zoned B-4, this property is ideal for a variety of commercial uses, including retail, office, and convenience store operations. The asking price is $325,000. Building and land only; business not included. Built in 1985.

    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
    -81.0593
    Latitude
    29.2771
    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
    $1,692
    $19,511
    $84,084
    $103,595
    -
    $19,511
    $84,084
    $103,595

    Comparable in this City

    • Value Estimation by Request
      906 SF

      800 Nova Rd Ste L

      STORE/OFFICE (MIXED USE)
      800 Nova Rd Ste L, Ormond Beach, FL 32174-7362
      View Details
    • Value Estimation
      $4,870,000
      21,279 SF

      260 Williamson Blvd

      STORE/OFFICE (MIXED USE)
      260 Williamson Blvd, Ormond Beach, FL 32174-8257
      View Details
    • Value Estimation
      $1,195,000
      6,400 SF

      310 Wilmette Ave

      STORE/OFFICE (MIXED USE)
      310 Wilmette Ave, Ormond Beach, FL 32174-5275
      View Details
    • Value Estimation
      $875,000
      7,500 SF

      150 Business Ctr Dr

      STORE/OFFICE (MIXED USE)
      150 Business Ctr Dr, Ormond Beach, FL 32174-2993
      View Details
    • Value Estimation by Request
      714 SF

      555 Granada Blvd Ste F8

      STORE/OFFICE (MIXED USE)
      555 Granada Blvd Ste F8, Ormond Beach, FL 32174-9405
      View Details
    • Value Estimation by Request
      784 SF

      555 Granada Blvd Ste B3

      STORE/OFFICE (MIXED USE)
      555 Granada Blvd Ste B3, Ormond Beach, FL 32174-9489
      View Details

    Similar Nearby for Sale

    • $650,000

      Ormond Beach Commercial Land Opportunity

      Seven-acre commercial parcel, prime location.
      0 110, Ormond Beach, FL 32174
      View Details
    • $10,800,000
      107,612 SF

      Mixed-Use Portfolio For Sale

      107,612 SF mixed-use portfolio in Ormond Beach, Florida.
      280 S Yonge St, Ormond Beach, FL 32174
      View Details
    • 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

    Similar Nearby for Lease

    • $0.01 SF/Yr
      23,000 SF

      Ormond Beach Executive Office Suite

      Prime Office Space, 1830 SF, Tenant Incentives
      570 Memorial Cir, Ormond Beach, FL 32174
      View Details
    • $18 SF/Yr

      Ormond Beach Retail Space Available

      1,250 SF retail space for rent in Ormond Beach.
      1220 Hand Ave, Ormond Beach, FL 32174
      View Details
    • $27 SF/Yr

      Turnkey Office Space For Lease

      Second floor office space available in Kings Crossing Centre.
      775 W Granada Blvd, Ormond Beach, FL 32174
      View Details
    • $2,906 /Mo
      1,840 SF

      Ormond Beach Professional Office Space

      1840 SF office space in central Ormond Beach business district.
      136 N Orchard St, Ormond Beach, FL 32174
      View Details
    • $1,200 /Mo
      780 SF

      Ormond Beach Office Space Available

      Functional office suite in a well-maintained executive park.
      555 W Granada Blvd, Ormond Beach, FL 32174
      View Details
    • Contact for pricing

      Ormond Beach Flex/Office Space

      Flex/office spaces available near I-95 and US Hwy 1.
      100 Business Center Dr, Ormond Beach, FL 32174
      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.
    232 Yonge St
    Ormond Beach, FL 32174-6265
    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
    232 Yonge St, Ormond Beach, FL, 32174
    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!