Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    430 Andalusia Ave Ormond Beach, FL 32174
    Property profile & analytics

    430 Andalusia Ave, Ormond Beach, FL 32174

    View on Map
    • Warehouses
    • 15,492 SF
    • 0.93 lot acres
    For Lease
    $14 SF/Yr
    View Listing →
    Ormond Beach Industrial Warehouse For Lease
    $14 SF/Yr

    Ormond Beach Industrial Warehouse

    Spacious warehouse, prime location, sublease.

    430 Andalusia Ave, Ormond Beach, FL 32174
    View Listing
    Property ID
    US18-2728663
    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

    • Air One Heating and Cooling / HVAC Service / General Contractor

    Property Details for 430 Andalusia Ave

    Year built
    1990
    Construction
    WOOD
    Lot size
    0.93 lot acres
    Zone code
    B5
    Property type
    Warehouses
    APN
    4242-10-07-0500
    APU
    424210070500

    Description

    This exceptional Ormond Beach, Florida industrial property offers 15,882 square feet of versatile space ideal for manufacturing, flex, or warehouse operations. The single-tenant building boasts 3,000 square feet of modern, two-story office space complete with built-in desks, six private offices, two conference rooms, and six insulated cubicles. Ample parking is provided with over 20 spaces. The property features a robust infrastructure including three-phase power with a 400 amp panel, pre-run conduit, a full security system with video monitoring, high-end mesh internet, and Ethernet wiring throughout. Six bathrooms with instant hot water enhance convenience. For efficient operations, there are four loading docks (one front, three rear) and a full concrete deck. The warehouse area features a 32-foot ceiling height, LED lighting, three large rooftop fans, and a copper-run air compressor outlet system. High-quality air conditioning systems, installed in 2020, include large air filtration and I-WAVE systems. Located at 430 Andalusia Ave, Ormond Beach, FL 32174 in Volusia County, this property presents a unique opportunity for businesses seeking a well-equipped and strategically located facility.

    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
    -81.0578
    Latitude
    29.2723
    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
    $13,396
    $113,652
    $706,757
    $820,409
    -
    $113,652
    $706,757
    $820,409

    Comparable in this City

    • Value Estimation
      $990,000
      8,862 SF

      821 Us Hwy 1st 1

      WAREHOUSE, STORAGE
      821 Us Hwy 1st 1, Ormond Beach, FL 32174-4561
      View Details
    • Value Estimation by Request
      1,000 SF

      301 Division Ave, Unit 3

      WAREHOUSE, STORAGE
      301 Division Ave, Ormond Beach, FL 32174-8812
      View Details
    • Value Estimation by Request
      1,811 SF

      875 Wilmette Ave

      WAREHOUSE, STORAGE
      875 Wilmette Ave, Ormond Beach, FL 32174-9508
      View Details
    • Value Estimation by Request
      504 SF

      339 Apache Trl

      WAREHOUSE, STORAGE
      339 Apache Trl, Ormond Beach, FL 32174
      View Details
    • Value Estimation by Request
      240 SF

      1 Bch St

      WAREHOUSE, STORAGE
      1 Bch St, Ormond Beach, FL 32174-6378
      View Details
    • Value Estimation by Request
      300 SF

      11 Coolidge Ave, Unit 18

      MINI-WAREHOUSE, STORAGE
      11 Coolidge Ave, Ormond Beach, FL 32174-8823
      View Details

    Similar Nearby for Sale

    • 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
    • $5,950,000
      22,500 SF

      Ormond Beach Warehouses with Business

      Two warehouses with established business, equipment, and ongoing projects.
      4 Aviator Way, Ormond Beach, FL 32174
      View Details
    • $249,900
      1.68 Acres

      Ormond Beach Development Site

      1.68-acre site suitable for office, warehouse, or self-storage.
      150 N Orchard St, 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
    • Contact for pricing

      Ormond Beach Commercial Property For Sale

      Versatile commercial building with warehouse space and ample parking.
      300 Washington Pl, Ormond Beach, FL 32174
      View Details
    • $1,300,000

      Secure Facility with High-End Appeal

      Versatile property with vault, secure yard, and premium finishes.
      974 S Nova Rd, Ormond Beach, FL 32174
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse Bays For Lease

      1,000 square foot warehouse bays available for lease.
      300 S Yonge St, 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
    • $4,500 /Mo

      Ormond Beach Warehouse For Lease

      3,700 SF warehouse with office and mezzanine space available.
      1074 N Us Highway 1, Ormond Beach, FL 32174
      View Details
    • $40,013
      69,231 SF

      Ormond Beach Industrial/Manufacturing Space

      46,845 SF industrial space in Ormond Beach, available now.
      2 Sunshine Blvd, Ormond Beach, FL 32174
      View Details
    • Contact for pricing
      7,600 SF

      Ormond Beach Warehouse Space Available

      7,600 SF warehouse space for lease in Ormond Beach.
      271 Kenilworth Ave, Ormond Beach, FL 32174
      View Details
    • Contact for pricing
      Pending

      Ormond Beach Flex Space Available

      Up to 19,000 sq ft flex space for lease.
      6 W Tower Cir, Ormond Beach, FL 32174
      View Details
    View Listing
    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.
    430 Andalusia Ave
    Ormond Beach, FL 32174
    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
    430 Andalusia Ave, 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!