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300-330 S Yonge St 12,840 SF 81% Leased Industrial Building Ormond Beach, FL 32174 $1,450,000 ($112.93/SF) 8.30% Cap Rate
Investment Highlights
- 330 S. Yonge Street (concrete block construction) is rented for $3,000/month (2,400 square feet) plus sales tax & utilities
- 326 S. Yonge Street (steel construction) is rented for $2,500/month (2,440 square feet) plus sales tax & utilities.
- Lease expires 01/31/2028. Roof installed 2018.
- Lease expires 01/31/2027. Rent increases to $2,600/month on 02/01/2025 and $3,000/month on 02/01/2026.
Executive Summary
Rare opportunity to purchase a property with existing warehouse space in Ormond Beach, FL.
ADD-VALUE by raising rents.
Ideal for an investor or an end-user that can occupy a portion of the property and collect rent to offset expenses.
ADD-VALUE by raising rents.
Ideal for an investor or an end-user that can occupy a portion of the property and collect rent to offset expenses.
Property Facts
| Price | $1,450,000 | Building Class | C |
| Price Per SF | $112.93 | Lot Size | 0.78 AC |
| Sale Type | Investment | Rentable Building Area | 12,840 SF |
| Cap Rate | 8.30% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1973 |
| Property Subtype | Warehouse | Parking Ratio | 1.56/1,000 SF |
| Zoning | B-5 - Commercial | ||
| Price | $1,450,000 |
| Price Per SF | $112.93 |
| Sale Type | Investment |
| Cap Rate | 8.30% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.78 AC |
| Rentable Building Area | 12,840 SF |
| No. Stories | 1 |
| Year Built | 1973 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | B-5 - Commercial |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
326 S. Yonge Street (steel construction) is rented for $2,500/month (2,440 square feet) plus sales tax & utilities.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 326 | 2,400 SF | Industrial | Shell Space | Now |
1st Fl - 326
| Size |
| 2,400 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl - 326
| Size | 2,400 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | Now |
326 S. Yonge Street (steel construction) is rented for $2,500/month (2,440 square feet) plus sales tax & utilities.
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Property Taxes
| Parcel Numbers | Improvements Assessment | $448,926 | |
| Land Assessment | $126,936 | Total Assessment | $575,862 |
Property Taxes
Parcel Numbers
Land Assessment
$126,936
Improvements Assessment
$448,926
Total Assessment
$575,862
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300-330 S Yonge St
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