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305 Us-1 715 SF Office Building Ormond Beach, FL 32174 $549,900 ($769.09/SF) 6.38% Cap Rate
Executive Summary
**Prime Location Awaits!**For Sale or Rent!**Discover the perfect opportunity with this freestanding commercial office property, strategically located on a bustling stretch of US Hwy 1 in Ormond Beach. Boasting over 227 feet of high-visibility frontage, this property is ideal for attracting foot and vehicle traffic alike. The building features three versatile rooms currently used as offices, complemented by a restroom for convenience. Ample well-lit parking ensures easy access for clients and employees. A prominent pole sign adds to the visibility, making your business stand out. This property is zoned B-5, resent uses have been golf cart sales as well as automotive sales. Don't miss out on securing a prime location for your business! Current business does not convey. Leasing opportunity also available!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$40,788
|
$57.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$40,788
|
$57.05
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,687
|
$7.95
|
| Net Operating Income |
$35,101
|
$49.09
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $40,788 |
| Annual Per SF | $57.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $40,788 |
| Annual Per SF | $57.05 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,687 |
| Annual Per SF | $7.95 |
| Net Operating Income | |
|---|---|
| Annual | $35,101 |
| Annual Per SF | $49.09 |
Property Facts
Sale Type
Investment
Property Type
Building Size
715 SF
Building Class
C
Year Built
1957
Price
$549,900
Price Per SF
$769.09
Cap Rate
6.38%
NOI
$35,101
Tenancy
Single
Building Height
1 Story
Typical Floor Size
715 SF
Building FAR
0.05
Lot Size
0.31 AC
Zoning
B5 - Service Commercial District: Business & Prof Office, Business Services, Financial Institutions, Retail Sales & Services
Parking
14 Spaces (19.58 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Central Heating
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Ace of Carts
- Retailer
- 715 SF
- $57.05
- Modified Gross
- Jan 2027
- VROOM LLC
- -
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Ace of Carts | Retailer | 715 SF | $57.05 | Modified Gross | Jan 2027 | |
| VROOM LLC | - | - | - | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 4241-10-14-0010 | Improvements Assessment | $163,471 (2026) |
| Land Assessment | $63,162 (2026) | Total Assessment | $226,633 (2026) |
Property Taxes
Parcel Number
4241-10-14-0010
Land Assessment
$63,162 (2026)
Improvements Assessment
$163,471 (2026)
Total Assessment
$226,633 (2026)
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Videos
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Photos
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Map
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Presented by
Kevin Purucker
305 Us-1
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