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    600 W Granada Blvd Ormond Beach, FL 32174
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    Property profile & analytics

    600 W Granada Blvd, Ormond Beach, FL 32174

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    • Grocery and convenience stores
    • 6,226 SF
    • 2.12 lot acres
    For Lease
    $710,000
    View Listing →
    Granada Boulevard Development Sites Available For Lease
    $710,000

    Granada Boulevard Development Sites Available

    Pad-ready sites on Granada Boulevard for ground lease or sale.

    600 Block of W. Granada Boulevard, Ormond Beach, FL 32174
    View Listing
    Property ID
    US18-8161240
    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

    • PNC ATM / Atm
    • Wawa / Restaurant / Take-out & Catering

    Property Details for 600 W Granada Blvd

    Year built
    2019
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.12 lot acres
    Property type
    Grocery and convenience stores
    APN
    4241-48-00-0030
    APU
    424148000030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 1, 2016 $750,000 Granada Pointe Investors LLC Granada Management LLC Grant Deed · related —
    Jul 1, 2016 — Granada Pointe Investors LLC — Deed · related $1.4M · Gateway Bk/fl
    Sep 22, 2015 $1,000,000 Granada Pointe Investors LLC Jklm Properties LLC Warranty Deed —
    Dec 30, 2011 — National Cty Bk Vistera LLC Coc Trustees Deed · related —
    Sep 16, 2004 $300,000 Vistera LLC Cloar T J III Trust Warranty Deed $450k · Compass Bk
    — — Jklm Properties LLC — Deed Of Trust · related $785k · Suntrust Bk
    — — Granada Pointe Investors LLC — Loan Modification · related $1.4M · Gateway Bk/fl
    — — Granada Pointe Investors LLC — Deed Of Trust · related $1.4M · Gateway Bk/fl

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $434,000
      Market price range: $311k - $434k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,115,000
      Current use
      COMMERCIAL (GENERAL)
      $1,035,000
      Change: -7% Conversion: Easy
      RETAIL STORES
      $985,000
      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
    -81.0721
    Latitude
    29.2787
    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
    $48,119
    $1,665,378
    $1,281,467
    $2,946,845
    -
    $1,665,378
    $1,281,467
    $2,946,845

    Comparable in this City

    • Value Estimation
      $5,060,000
      37,949 SF

      3750 Roscommon Dr

      GROCERY, SUPERMARKET
      3750 Roscommon Dr, Ormond Beach, FL 32174-2849
      View Details
    • Value Estimation
      $510,000
      2,400 SF

      5 Yonge St

      CONVENIENCE STORE
      5 Yonge St, Ormond Beach, FL 32174-6230
      View Details
    • Value Estimation
      $660,000
      3,000 SF

      1102 Granada Blvd

      CONVENIENCE STORE
      1102 Granada Blvd, Ormond Beach, FL 32174-5913
      View Details
    • Value Estimation by Request
      2,562 SF

      796 Nova Rd

      CONVENIENCE STORE
      796 Nova Rd, Ormond Beach, FL 32174-7333
      View Details
    • Value Estimation
      $2,790,000
      21,960 SF

      1260 Granada Blvd

      GROCERY, SUPERMARKET
      1260 Granada Blvd, Ormond Beach, FL 32174-5924
      View Details
    • Value Estimation
      $620,000
      3,655 SF

      1628 Granada Blvd

      CONVENIENCE STORE
      1628 Granada Blvd, Ormond Beach, FL 32174-1838
      View Details

    Similar Nearby for Sale

    • $550,000
      1.11 Acres

      Ormond Beach Retail Outparcel Opportunity

      1.11 AC retail outparcel in Publix-anchored shopping center.
      3735 Roscommon Dr, Ormond Beach, FL 32174
      View Details
    • $775,000
      2,922 SF

      Ormond Beach Commercial Building

      High-visibility commercial property with drive-thru potential in Ormond Beach.
      75 S Tymber Creek Rd, 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
    • $199,900
      1,282 SF

      Ormond Beach Retail/Commercial Space

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

      Ormond Beach Freestanding Retail Building

      Freestanding retail building on 3.39 AC available for sale.
      405 W Granada Blvd, Ormond Beach, FL 32174
      View Details
    • $209,000
      1,282 SF

      Ormond Beach Retail/Commercial Space

      Retail/commercial space for sale in Ormond Beach, Florida.
      1457 N Us Highway 1, Ormond Beach, FL 32174
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,300 SF

      Retail Space Near Halifax River

      Retail space in shopping center anchored by Publix.
      1844-1852 Ridgewood Ave, Holly Hill, FL 32174
      View Details
    • Contact for pricing
      3,000 SF

      Retail Storefront Opportunity Near Aldi

      Retail storefront available for rent near Aldi and TD Bank.
      1290 W Granada Blvd, Ormond Beach, FL 32174
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space Near I-95

      Former restaurant space with high visibility and building signage.
      1622 N Us Highway 1, Ormond Beach, FL 32174
      View Details
    • $26 SF/Yr
      4,765 SF

      Ormond Beach Retail Space Available

      New retail space adjacent to Love's Whole Foods.
      275 Williamson Blvd, Ormond Beach, FL 32174
      View Details
    • $23 SF/Yr

      Ormond Beach Retail Space Available

      Retail space in high-traffic Tuscany Shoppes on Granada Boulevard.
      1185 W Granada Blvd, Ormond Beach, FL 32174
      View Details
    • $21 SF/Yr

      Retail & Office Space Available

      Retail and office space for lease in South Forty Plaza.
      1112 W Granada Blvd, Ormond Beach, FL 32174
      View Details

    Property Visit Statistics

    • Visits by month
      87.1k
    • Visitors by month
      39.1k
    • Avg Time on site
      14 min
    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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