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479 & 481 N US HIGHWAY 1
About This Property
staff spaces situated amongst the common areas. Beyond the two complete kitchens with break rooms, a large storage and records room could easily be additional office space. A sprawling and inviting paver appointed private patio catches the morning sun on the quiet east side of the building. Subtle and effective monument signing in place with a possibility of erecting much larger signage. Desirable B-8 zoning allows for a multitude of uses including but not limited to retail sales and professional office. Priced at a fraction of replacement costs this offering represents one of the best values in this class with an Ormond Beach address.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 9, 2026 | Sold | ||
| Sold | |||
| Apr 14, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2025 | Relisted | $1,350,000 | |
| Relisted | |||
| Mar 20, 2025 | No longer available | - | |
| No longer available | |||
| Oct 22, 2024 | Listed by ADAMS, CAMERON & CO., REALTORS | $1,350,000 | |
| Listed by ADAMS, CAMERON & CO., REALTORS | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/22/2024
| |
Loft
|
-
|
3812 ft²
|
$1,350,000
Loft
-
3812 ft²
|
$1,250,000
-7.41%
06/09/2026
|
Ryan Adams
Rossman Realty Group Inc
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017