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Property profile

259 Janice Ln Ormond Beach, FL 32174

OFF-MARKET
Land
Property ID
US18-4417069
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Property summary

AI-generated overview

This exceptional 7.8-acre property in Ormond Beach, Florida, presents a unique investment or development opportunity. Priced at $578,900, this expansive lot (339,768 sq ft) boasts a prime location nestled between Pathway and Pinetrail Elementary Schools, offering convenient access via two separate roads. While a bridge crossing Grover Branch was damaged by Hurricane Ian, the property remains accessible. Its strategic position near the Airport Business Park and Ormond Municipal Airport adds to its appeal. The land is largely fenced for privacy, backing up to the Tymber Creek Subdivision. Existing improvements include a 30x20 pole barn, two additional metal barns (15x20 each), a two-stall auto shop with an office, a three-car garage with a metal roof, and a smaller storage building. Agricultural equipment is housed in a dedicated barn. Three older mobile homes are also on the property, along with one currently livable residence. The property is equipped with four electric meters and three wells. Access is available from both Dimmer Street and South Janice Lane, though both are unpaved dirt roads maintained privately. This rare offering represents a compelling investment in a rapidly developing area, with similar properties becoming increasingly scarce. The property's size, existing structures, and location make it ideal for a variety of development projects.

Property profile

Verified
Property type Land
UPID US18-4417069

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

259 Janice Ln Ormond Beach, FL 32174
Ormond Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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