Versatile Office Building with Two
469 Ward Drive Oak Hill, FL 32759
469 Ward Drive, Oak Hill, FL, 32759
$324,900
For Sale
$324,900
COMMERCIAL - Oak Hill, FL
Property Size1,140 SF
Lot Size0.34 Acres
Price / SF$285
Days on Market84
Property Features for 469 Ward Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Off Street, Parking Lot
- Standard status
- Active
- APN
- 8531-00-00-0124
- Size
- 1,140 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 31-18-35 COMM AT THE NW CORNER OF SW 1/4 OF SE 1/4 THEN S 00D 13M 53S E 662.53 FT THEN N 89D 42M 25E 1329.81 FT THEN N 22D 44M 41S W 152.96 FT TO POB THEN N 22D 44M 41S W 150 FT THEN N 89D 42M 25S E 108.20 FT THEN S 22D 44M 41S E 150 FT THEN S 89D 42M 25S
- Tax Annual Amount
- 4466
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1994
- Floors in Building
- 1
- Flooring type
- Laminate, Tile
- Building materials
- Block, Concrete
- Roof type
- Shingle
Listing agency
The Barnett Group Inc.
(386) 426-7234
Listed by
Janna Taylor · License #3432567
(386) 265-2328
Added: Apr 30 Updated: Jul 5 at 12:08PM Checked: Jul 22 at 7:06AM
MLS# 1225891
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This versatile commercial building is currently configured as two expansive office suites. The layout is designed for efficient day-to-day use, with a central kitchenette/breakroom and two restrooms serving the office configuration. The property’s flexibility supports reconfiguration into additional offices or specialty spaces such as medical, retail, or professional services, making it suitable for a range of commercial operators and owners.
The property is located just off US-1 in Oak Hill, within Volusia County. The offering is intended for buyers seeking an established commercial presence in a growing local market.
As an owner-user, the building can support occupancy in one suite while retaining the second for additional staff, related uses, or potential tenanting. For investors, the two-suite setup offers a straightforward multi-tenant configuration under one property. For developers or businesses evaluating alternative use concepts, the existing office layout and amenity infrastructure may streamline transitions into other compatible specialties noted for this property.
The property is located just off US-1 in Oak Hill, within Volusia County. The offering is intended for buyers seeking an established commercial presence in a growing local market.
As an owner-user, the building can support occupancy in one suite while retaining the second for additional staff, related uses, or potential tenanting. For investors, the two-suite setup offers a straightforward multi-tenant configuration under one property. For developers or businesses evaluating alternative use concepts, the existing office layout and amenity infrastructure may streamline transitions into other compatible specialties noted for this property.
Key Highlights
- Commercial building built in 1994 with block and concrete construction
- Currently configured as two expansive office suites with kitchenette/breakroom and two restrooms
- Central air conditioning and central heating plus electric heating
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.6k | $21.60 |
| − Vacancy | −$1.8k | −$1.62 |
| EGI | $22.8k | $19.98 |
| − OpEx | −$5.7k | −$5.00 |
| NOI | $17.1k | $14.99 |
1,140 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$244.0K
$213.5K – $284.7K
NOI $17,083 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.1K
$294.1K – $392.2K
NOI $23,530 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Recovery Church Movement
Association / Organization
BOAT RANCH
Storage Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two office suites with shared amenities provide flexible space for office or potential medical and retail uses.
Where is this office units located?
The property is located at 469 Ward Drive Oak Hill, FL.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Commercial building built in 1994 with block and concrete construction; Currently configured as two expansive office suites with kitchenette/breakroom and two restrooms; Central air conditioning and central heating plus electric heating
