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    Ponce Inlet Land Opportunity Title is generated by Realmo AI

    62 Buschman Drive, Ponce Inlet, FL 32127

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    Claim this Listing
    For Sale
    $324,900

    LAND - Ponce Inlet, FL

    Lot size:
    0.25 Acres
    Added:
    Nov 15, 2022
    Days on Market:
    1285
    Last Refresh:
    May 23 at 12:06 pm

    Property Features for 62 Buschman Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    6430-13-00-0270
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Description
    LOT 27 OCEANSIDE VILLAGE SUB MB 38 PGS 95 & 96 PER OR 2994 PG 1628
    Tax Annual Amount
    1984

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Diane Caron

    Listing agent Diane Caron

    Listing office Team Caron Realty Inc 129 Anchor Drive, Ponce Inlet, FL

    Listing date Nov 15, 2022

    MLS# 1102988 Listing URL

    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.

    HighLights

    • Rare undeveloped lot in desirable Oceanside Village, Ponce Inlet.
    • No HOA restrictions.
    • One block to 'no drive' beach access.
    • Utilities available at the site (city water & sewer).
    • Potential for ocean views with a three‑story build (35‑foot height limit).
    • Close proximity to restaurants, Ponce de Leon Lighthouse, Jetty Park, and other attractions.

    Overview

    This vacant lot presents a rare opportunity to build a custom home in the desirable Oceanside Village neighborhood of Ponce Inlet. The property is the only undeveloped lot in the area and offers a prime location between the Intracoastal Waterway/Halifax River and the Atlantic Ocean, situated just one block from beach access to the pristine, no-drive, sugar sand beach. The spacious quarter-acre lot measures 87' x 125' and resides within a community of luxurious homes. The property allows for the construction of a three-story home, up to 35 feet in height, with potential ocean views. The location provides privacy with no homes located directly behind the lot. All utilities, including city water and sewer, are available at the site. Residents can easily walk or bike to nearby seaside restaurants, the historic Ponce de Leon Lighthouse and Jetty Park, the Marine Science Center, charter fishing locations, marinas, and various recreational activities such as surfing and kayaking. Ponce Inlet also features a dog park and dog-friendly beach.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Building Supply Gym & Fitness Center Auto Repair Shop Accounting Firm Department Store Hotel & Motel HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ponce Inlet
    County
    Volusia
    State
    Florida
    Longitude
    -80.9324913
    Latitude
    29.090673

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    FAQs

    What type of property is this?
    Land - Vacant lot near the beach in desirable Oceanside Village.
    Where is this land located?
    The property is located at 62 Buschman Drive Ponce Inlet, 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: Rare undeveloped lot in desirable Oceanside Village, Ponce Inlet.; No HOA restrictions.; One block to 'no drive' beach access.
    (386) 846-2339
    We can help!
    Listing Contact
    Diane Caron
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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