Flex Warehouse Condos For
For Sale
Contact for pricing
1101 Reed Canal Road, Port Orange, FL 32129
New flex warehouse condos for sale in Crystal Lake Business Park.
Property Size69,984 SF
Days on Market224
Property Features for 1101 Reed Canal Road
General Information
Standard status
Active
Size
69,984 SF
Property subtype
Industrial
Building Details
Building Size
69,984 SF
Year Built
2025
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
Listed By:
John W. Trost, CCIM · License #FL #BK-0160420
(386) 295-5723
Source:
Svn
Added: Mar 6
Changed: Oct 7
Last Checked: Oct 16 at 6:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Alliance Commercial Real Estate Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
New flex warehouse condos are available for sale in Crystal Lake Business Park, situated on the south side of Reed Canal Road, just west of Nova Road. The zoning permits various uses, including office, warehouse, and all other uses allowed under light industrial zoning, providing excellent access and regional connectivity.
Key Highlights
- NEW Flex Warehouse Condos For Sale
- Located in Crystal Lake Business Park
- Zoning permits Office, Warehouse, and Light Industrial uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$416,650
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,333,000
$8.3M
Cap Rate 7%
$5,952,143
$6.0M
Cap Rate 9%
$4,629,444
$4.6M
Market Conditions
NOI Build-Up for 69,984 SF
Gross rent
$629.9K $9.00/SF
− Vacancy
−$34.6K −$0.50/SF
EGI
$595.2K $8.50/SF
− OpEx
−$178.6K −$2.55/SF
NOI
$416.6K $5.95/SF
Area
Volusia County, FL
Vacancy
5.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,333,000
Cap Rate 7%
$5,952,143
Cap Rate 9%
$4,629,444
Alternative Uses
Best Use
Flex RnD
$11.27M
$9.86M – $13.15M
NOI $789,172 @ 7.0% cap · market cap 315,668.80%
Second Best
Industrial
$5.95M
$5.21M – $6.94M
NOI $416,650 @ 7.0% cap · market cap 166,660.00%
Theoretical Best
Office A
$20.64M
$18.06M – $24.07M
NOI $1,444,470 @ 7.0% cap · market cap 577,788.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32129, FL
21,594
Population
11,991
Households
1.8
Avg Household Size
50
Median Age
25%
College-Educated
93%
High-School Grad
7.5 sq mi
ZIP Area
2,879
Density / Sq Mi
$65,936
Median Household Income
$39,226
Median Earnings
$1,538
Median Rent
$241,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - New flex warehouse condos for sale in Crystal Lake Business Park.
Where is this flex space located?
The property is located at 1101 Reed Canal Road Port Orange, FL.
What are key features of this property?
This property features: NEW Flex Warehouse Condos For Sale; Located in Crystal Lake Business Park; Zoning permits Office, Warehouse, and Light Industrial uses
