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    401 N Us Highway 1 Ormond Beach, FL 32174
    Property profile & analytics

    401 N Us Highway 1 Ormond Beach, FL 32174

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    • Community centers
    • 6,765 SF
    • 2.48 lot acres
    For Sale
    $810,262
    View Listing →
    Ormond Beach Retail Investment Opportunity For Sale
    $810,262
    6,725 SF

    Ormond Beach Retail Investment Opportunity

    Well-maintained, fully occupied retail building in Ormond Beach, Florida.

    401 N Us Highway 1, Ormond Beach, FL 32174
    View Listing
    Property ID
    US18-3609125
    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

    • Community centers

    Property Details for 401 N Us Highway 1

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.48 lot acres
    Property size
    6,765 SF
    Zone code
    B5
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    4240-03-11-0120
    APU
    424003110120

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,210,000
      Current use
      COMMERCIAL (GENERAL)
      $1,125,000
      Change: -7% Conversion: Easy
      RETAIL STORES
      $1,070,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0711
    Latitude
    29.2922
    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
    $9,380
    $351,576
    $257,618
    $609,194
    -
    $351,576
    $257,618
    $609,194

    Comparable in this City

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      $6,725,000
      58,607 SF

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    • Value Estimation by Request
      2,604 SF

      600 Yonge St

      MINI-MALL • 2,604 SF
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      1,366 SF

      1435 Us Hwy 1st Ste D5

      MINI-MALL • 1,366 SF
      1435 Us Hwy 1st Ste D5, Ormond Beach, FL 32174-0732
      View Details
    • Value Estimation
      $3,895,000
      14,600 SF

      1112 Granada Blvd

      MINI-MALL • 14,600 SF
      1112 Granada Blvd, Ormond Beach, FL 32174
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    • Value Estimation
      $9,980,000
      64,446 SF

      1498 Granada Blvd

      MINI-MALL • 64,446 SF
      1498 Granada Blvd, Ormond Beach, FL 32174
      View Details
    • Value Estimation
      $2,475,000
      20,481 SF

      1425 Granada Blvd

      MINI-MALL • 20,481 SF
      1425 Granada Blvd, Ormond Beach, FL 32174-8113
      View Details

    Similar Nearby for Sale

    • $10,800,000
      107,612 SF

      Ormond Beach Retail and Office

      107,612 SF retail center and office building for sale.
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      Ormond Beach Retail Space Available

      High-visibility retail space in a redeveloped Ormond Beach center.
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      Mixed-Use Portfolio For Sale

      107,612 SF mixed-use portfolio in Ormond Beach, Florida.
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    • $599,900
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      Riverfront Commercial Land For Sale

      Commercial land with river frontage, dock, and potential uses.
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      Ormond Beach Retail/Commercial Space

      Retail/commercial space for sale in Ormond Beach, Florida.
      1457 N Us Highway 1, Ormond Beach, FL 32174
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    • Contact for pricing
      5,060 SF

      Former Bank with Drive-Thru Lanes

      5,060 SF former bank with three drive-thru lanes.
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    Similar Nearby for Lease

    • $14 SF/Yr

      Retail Space in Ormond Beach

      Retail spaces available in multi-tenant shopping center.
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    • $21 SF/Yr

      Retail & Office Space Available

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    • $23 SF/Yr

      Ormond Beach Retail Space Available

      Retail space in high-traffic Tuscany Shoppes on Granada Boulevard.
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      View Details
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      Prime Granada Boulevard Sites Available

      Pad-ready sites on Ormond Beach's thriving business corridor.
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      Retail Space at Granada Pointe

      Proposed retail center with drive-thru, completion late-2025.
      550 W Granada Blvd, Ormond Beach, FL 32174
      View Details
    • Contact for pricing

      Storefront Suite Near I-95

      Storefront suite in-line with Aldi and TD Bank.
      1280 W Granada Blvd, Ormond Beach, FL 32174
      View Details
    View Listing
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    Ormond Beach, FL 32174
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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.

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