Ormond Beach, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Ormond Beach, Florida Market population: 38K. Explore income-producing properties with verified cap rates and...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For Ormond Beach FL Properties: 91.0000%

📊 Average Income For Ormond Beach FL Commercial Property: $50,022

Investor Questions For Ormond Beach FL

Common questions from investors exploring commercial real estate in Ormond Beach FL.

What are the key demographics and economic indicators that make Ormond Beach, FL an attractive investment market? +

With a population of 38,345 and a median age of 49.2, Ormond Beach has a stable demographic base, and its median household income of $50,022, combined with a relatively low poverty rate of 10.1% and high health insurance coverage of 89.1%, suggests a strong and stable workforce, making it an attractive investment market.

How does the ethnic diversity and industry mix in Ormond Beach impact the demand for housing and rentals? +

The top ethnicities in Ormond Beach, including White (46.2%), White Non-Hispanic (44.3%), and Hispanic (3.0%), contribute to a diverse community, and the presence of top industries like Finance & Insurance, and Real Estate & Rental & Leasing, Information, and Manufacturing, indicates a strong and varied job market, which can drive demand for housing and rentals, particularly with an average commute time of 21.5 minutes and a high rate of homeownership at 75.8%.

What are the implications of the poverty rate and health insurance coverage on the quality of tenants and rental yields in Ormond Beach? +

The 10.1% poverty rate in Ormond Beach, combined with 89.1% health insurance coverage, suggests a working-class market with employment stability, and the relatively low poverty rate and high health insurance coverage can contribute to a more reliable tenant base, potentially leading to higher rental yields and lower vacancy rates, especially considering the median property value of $168,800 and median property taxes of $12,150.

How do the commute times and transportation methods in Ormond Beach affect the quality of life and attractiveness to investors? +

The average commute time of 21.5 minutes in Ormond Beach, with top commute methods including driving alone, working from home, and carpooling, indicates a relatively convenient and flexible transportation network, contributing to a high quality of life, and with a GINI coefficient of 0.49, suggesting moderate income inequality, investors may find opportunities in this market, particularly given the strong employment population of 14,989 and the top industries driving the local economy.

What role do the median property value and property taxes play in determining the viability of real estate investments in Ormond Beach? +

The median property value of $168,800 and median property taxes of $12,150 in Ormond Beach provide a baseline for investors to assess the potential return on investment, and considering the relatively high homeownership rate of 75.8% and the stable demographic base, investors may find opportunities for long-term appreciation and rental income, particularly in the context of the city's diverse economy and moderate income inequality, as indicated by the GINI coefficient of 0.49.

Ormond Beach FL Real Estate & City Facts

Key facts and real estate information about Ormond Beach FL.

What are some of the best neighborhoods to live in Ormond Beach? +

Some of the best neighborhoods to live in Ormond Beach include Breakaway Trails, Plantation Bay, The Trails, Hunters Ridge, Pine Trails, Ormond Lakes, and Oak Forest. Each neighborhood has its own unique character and advantages, so it's worth researching to find the one that best fits your needs and preferences. For example, if you want character, a sense of community, and easy access to both river and beach, focus around Granada Boulevard and the historic area near The Casements.

What are some fun things to do in Ormond Beach? +

Ormond Beach has a lot to offer when it comes to things to do. You can visit the Birthplace of Speed Park, go to the Beach at Daytona Beach, or check out the Stetson Mansion. There are also plenty of great restaurants and bars, like the 31 Supper Club and the Ocean Deck Restaurant. If you're looking for something more adventurous, you could try airboat rides or visit the Daytona International Speedway.

What is the food scene like in Ormond Beach? +

The food scene in Ormond Beach is diverse and exciting, with a range of options to suit every taste and budget. You can find great seafood at restaurants like Hull's Seafood Market Restaurant and the Ocean Deck Restaurant, or try some casual dining at places like Riverside Johnny's and Oceanside Beach Bar and Grill. There are also some excellent cafes and bakeries, like the Golden Lion CafÃ©. And don't forget to check out the local food trucks and markets for some unique and delicious eats.

What are the pros and cons of living in Ormond Beach? +

Living in Ormond Beach has its pros and cons. On the plus side, the city has a relaxed and friendly atmosphere, with plenty of opportunities to enjoy the outdoors and get involved in the community. The cost of living is also relatively low compared to other beach towns in Florida. However, some people may find the city a bit too quiet or slow-paced, and there may be limited job opportunities in certain fields. Additionally, the city can be prone to hurricanes and other extreme weather events, which may be a concern for some residents.

Is Ormond Beach a good place to live? +

Overall, Ormond Beach is a great place to live for people who want a relaxed and friendly beach town atmosphere. The city has a lot to offer, from its beautiful beaches and outdoor recreational opportunities to its diverse food scene and community events. While it may not be the best fit for everyone, particularly those who prefer a more fast-paced or urban lifestyle, it is definitely worth considering for anyone looking for a laid-back and affordable place to call home.

Ormond Beach, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For Ormond Beach FL Properties: 91.0000%

📊 Average Income For Ormond Beach FL Commercial Property: $50,022

Investor Questions For Ormond Beach FL

Ormond Beach FL Real Estate & City Facts

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