Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    W RHODE ISLAND AVENUE Orange City, FL 32763

    View on Map
    Claim this Listing
    For Sale
    $325,000

    Land - ORANGE CITY, FL

    Lot size:
    4.24 Acres
    Added:
    Sep 22, 2023
    Days on Market:
    958
    Last Refresh:
    May 6 at 12:06 am

    Property Features for W RHODE ISLAND AVENUE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-4
    Exterior features
    Level, Paved
    Standard status
    Active
    APN
    2377208
    Lot size
    4.24 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    David Vermillion
    David Vermillion

    Listing agent David Vermillion License #3340163

    Listing office CHARLES RUTENBERG REALTY ORLANDO 631 S Orlando Avenue Suite 200, Winter Park, FL

    Listing date Sep 22, 2023

    MLS# O6143880 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Orange City Wooded Residential Land

    This 4.24-acre lot is located in Orange City, Florida, and is zoned R-4 (Urban Single-Family Residential). The property is high and dry and heavily wooded. Situated on a paved road, it offers convenient access to major shopping centers, restaurants, and I-4. This location is suitable for building a home while maintaining privacy. The lot is approximately 40 minutes from the beach or downtown Orlando.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Orange City
    County
    Volusia
    State
    Florida
    Longitude
    -81.3056213
    Latitude
    28.934944

    Nearby Similar for Sale

    • $308,000
      1,426 SF

      Historic Mixed-Use Commercial Space

      Dual-zoned commercial space with historic charm and modern functionality.
      320 E GRAVES AVENUE, ORANGE CITY, FL 32763
      View Details
    • $849,000
      5,387 SF

      Upgraded Auto Body Shop

      Fully upgraded auto body shop with rental income in Orange City.
      906 SHADICK DRIVE, ORANGE CITY, FL 32763
      View Details
    • $179,999

      Commercial Land in Orange City

      Prime commercial land with CG-2 zoning in a growing area.
      S Volusia Avenue, Orange City, FL 32763
      View Details
    • $1,100,000
      3,068 SF

      Mixed-Use Property with Income Potential

      Mixed-use property in Orange City with commercial and residential units.
      2200 N VOLUSIA AVENUE, ORANGE CITY, FL 32763
      View Details
    • $1,199,000
      9,830 SF

      Historic Church Property in Orange City

      167-year-old church with four unique structures on 2+ acres.
      201 W UNIVERSITY AVENUE, ORANGE CITY, FL 32763
      View Details
    • $350,000
      1,380 SF

      Move-In Ready Commercial Building

      Commercial building with B-4 zoning, ready for your business.
      1995 N VOLUSIA AVENUE, ORANGE CITY, FL 32763
      View Details
    • $4,200,000

      22+ Acres Zoned MX

      22+ acres in Orange City, FL, zoned MX.
      VETERANS MEMORIAL PARKWAY, ORANGE CITY, FL 32763
      View Details
    • $420,000
      2,178 SF

      Renovated Duplex in Orange City

      Income-producing duplex with leases in place, near shopping and parks.
      951 & 953 BEAU COURT, ORANGE CITY, FL 32763
      View Details
    • $325,000

      Five Acres Vacant Land

      Five acre vacant land parcel in Orange City, Florida.
      CHESTNUT AVENUE, ORANGE CITY, FL 32763
      View Details
    • $675,000
      1,050 SF

      Auto Mechanic Shop with Residence

      Six-bay auto shop with renovated residential unit for sale.
      145 E MICHIGAN AVENUE, ORANGE CITY, FL 32763
      View Details
    • $969,000
      6,500 SF

      Versatile Commercial Building on Volusia Ave

      6,500 SF commercial building with warehouse and flex space.
      103 HIGHLAND St, Orange City, FL 32763
      View Details
    • $308,000
      1,426 SF

      Historic Dual-Zoned Commercial Bungalow

      1910 bungalow ideal for professional service or small business.
      320 E GRAVES Ave, Orange City, FL 32763
      View Details

    FAQs

    What type of property is this?
    Land - 4.24 acre wooded lot in Orange City, Florida.
    Where is this land located?
    The property is located at W RHODE ISLAND AVENUE Orange City, FL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Large 4.24 acre lot zoned R‑4 (Urban Single‑Family Residential); High and dry, heavily wooded for privacy; Located on a paved road with easy access to I‑4
    (407) 625-3049
    We can help!
    Listing Contact
    David Vermillion
    David Vermillion
    Real Estate License ID: 3340163
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    W RHODE ISLAND AVENUE, ORANGE CITY, FL 32763
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!