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305 Us-1 715 SF Office Building Ormond Beach, FL 32174 $765,296 CAD ($1,070.34 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$56,765
|
$79.39
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$56,765
|
$79.39
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,915
|
$11.07
|
| Net Operating Income |
$48,850
|
$68.32
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $56,765 |
| Annual Per SF | $79.39 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $56,765 |
| Annual Per SF | $79.39 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $7,915 |
| Annual Per SF | $11.07 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $48,850 |
| Annual Per SF | $68.32 |
Property Facts
Sale Type
Investment
Property Type
Building Size
715 SF
Building Class
C
Year Built
1957
Price
$765,296 CAD
Price Per SF
$1,070.34 CAD
Cap Rate
6.38%
NOI
$48,850 CAD
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
- $79.40 CAD
- Modified Gross
- Jan 2027
- VROOM LLC
- -
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Ace of Carts | Retailer | 715 SF | $79.40 CAD | 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 | $227,503 CAD (2026) |
| Land Assessment | $87,903 CAD (2026) | Total Assessment | $315,405 CAD (2026) |
Property Taxes
Parcel Number
4241-10-14-0010
Land Assessment
$87,903 CAD (2026)
Improvements Assessment
$227,503 CAD (2026)
Total Assessment
$315,405 CAD (2026)
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Videos
Matterport 3D Exterior
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Photos
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Street
Map
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Presented by
Kevin Purucker
305 Us-1
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