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231 Cardinal Ave - Great Mom & Pop Business and Property

6,634 SF Specialty Building Offered at $1,750,000 at a 5.63% Cap Rate in Ormond Beach, FL 32176

Executive Summary

Well positioned investment in this one of a kind storage facility on Ormand Beach. CBS construction with ample room for outdoor storage for additional income. Very easy to manage from a distance. Proforma NOI will be in place with rent adjustments in the next 60 days. 100% occupied history and rent roll.

Attachments

SURVEY
Equitable Storage 2021 Income & Expenses 5.15.22
Rent Roll
Occupied History 20220514

Property Facts

Price $1,750,000
Price Per SF $264
Sale Type Investment
Cap Rate 5.63%
Property Type Specialty
Property Subtype Self-Storage
Building Class C
Lot Size 0.15 AC
Building Size 6,634 SF
No. Stories 1
Year Built/Renovated 1947/2003
Tenancy Single
Parking Ratio 1.81/1,000 SF
Clear Ceiling Height 12 FT

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4223-29-00-0010
Land Assessment
$119,412
Improvements Assessment
$369,850
Total Assessment
$489,262

zoning

Zoning Code B-7; PBD (Storage)
B-7; PBD (Storage)
  • Listing ID: 25724000

  • Date on Market: 5/17/2022

  • Last Updated:

  • Address: 231 Cardinal Ave, Ormond Beach, FL 32176

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