Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    247 Yonge St Ormond Beach, FL 32174-5541

    • Manufacturing properties
    • 2,400 SF
    • 0.78 lot acres
    OFF-MARKET
    Value Estimations
    $185,000
    Show details
    Cap Rate Potential
    8.6%
    Manufacturing properties
    Location Intelligence
    Property ID
    US18-2870716
    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.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 247 Yonge St

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.78 lot acres
    Property size
    2,400 SF
    Zone code
    B5
    Property type
    Manufacturing properties
    APN
    4240-01-21-0150
    APU
    424001210150

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $165,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $240,000
      6.5%
      $220,000
      7%
      $205,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $178,000
      Market price range: $47.7k - $204k

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.065
    Latitude
    29.2892
    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
    $4,921
    $103,234
    $198,106
    $301,340
    -
    $103,234
    $198,106
    $301,340

    Comparable in this City

    • Value Estimation
      $325,000
      9,120 SF

      5 Aviator Way

      MANUFACTURING (LIGHT) • 9,120 SF
      5 Aviator Way, Ormond Beach, FL 32174-2982
      View Details
    • Value Estimation
      $235,000
      13,848 SF

      9 Aviator Way

      MANUFACTURING (LIGHT) • 13,848 SF
      9 Aviator Way, Ormond Beach, FL 32174-2983
      View Details
    • Value Estimation
      $160,000
      14,812 SF

      2001 Granada Blvd

      MANUFACTURING (LIGHT) • 14,812 SF
      2001 Granada Blvd, Ormond Beach, FL 32174-2532
      View Details
    • Value Estimation
      $3,415,000
      36,838 SF

      350 Ridgewood Ave

      MANUFACTURING (LIGHT) • 36,838 SF
      350 Ridgewood Ave, Ormond Beach, FL 32174-7028
      View Details
    • Value Estimation
      $205,000
      5,643 SF

      598 Sterthaus Dr

      MANUFACTURING (LIGHT) • 5,643 SF
      598 Sterthaus Dr, Ormond Beach, FL 32174-5128
      View Details
    • Value Estimation
      $255,000
      3,000 SF

      270 Wilmette Ave

      MANUFACTURING (LIGHT) • 3,000 SF
      270 Wilmette Ave, Ormond Beach, FL 32174-5272
      View Details

    Similar Nearby for Sale

    • New
      $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
    • New
      $1,084,350
      5,139 SF

      Turn-Key Industrial Compound For Sale

      Secured industrial compound with multiple buildings and equipped workspace in Ormond Beach.
      50 S Perrott Dr, Ormond Beach, FL 32174
      View Details
    • $550,000

      Ormond Beach Commercial Outparcel

      Prime Publix-anchored location, 1.11 acres.
      3735 Roscommon Dr, Ormond Beach, FL 32174
      View Details
    • New
      $300,000
      10.30 Acres

      Versatile Land with Workshop, Ormond Beach

      10.3 acres with workshop, pond, and treehouse near Ormond Beach.
      245 Carter Trl, 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
      View Details
    • $430,000
      1,176 SF

      Ormond Beach Mixed-Use Investment

      Prime Ormond Beach commercial property, high visibility.
      203 Yonge St, Ormond Beach, FL 32174
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      7,500 SF

      Ormond Beach Industrial Warehouse

      7,500 SF Flex Space, Prime Location
      912 Nova Rd, 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
    • $10 SF/Yr
      77,800 SF

      Ormond Beach Office Space For Lease

      Three-building office complex, flexible spaces available.
      100 Business Center Dr, Ormond Beach, FL 32174
      View Details
    • $10 SF/Yr
      Pending

      Ormond Beach Commercial Space Available

      Up to 19,000 sq ft available for lease.
      6 W Tower Cir, Ormond Beach, FL 32174
      View Details
    • $315 /Mo
      300 SF

      Ormond Beach Storage Unit Rental

      300 SF storage unit in established industrial area.
      873 Hull Rd, Ormond Beach, FL 32174
      View Details
    • $13 SF/Yr
      5,000 SF

      Ormond Beach Flex Space Available

      5,000 SF flex space for rent in Ormond Beach.
      1280 Hand Ave, 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.
    247 Yonge St
    Ormond Beach, FL 32174-5541
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.