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    1515 Herbert St, Unit Unit 210 & 211 Port Orange, FL 32129

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    For Sale
    $640,000

    2,770 SF office condos with long-term tenant in place.

    Property size:
    2,770 SF

    Property Features for 1515 Herbert St

    General Information

    Size
    2,770 SF

    Building Details

    Year built
    2005

    Source: John W. Trost, CCIM Agent John W. Trost, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West End Village Office Condos

    Located in West End Village, these 2,770 square feet office condos are available for sale. A tenant has been in place since 2006, with the current lease extending through March 31, 2028. The property generates an annual base rent of $42,484.80, reflecting a 6.64% cap rate. The Condo Association manages all building and grounds maintenance. The building features Florida Vernacular architecture and a metal roof. The property benefits from exposure and visibility, with access from Clyde Morris Boulevard and Herbert Street. Ample parking is available. The location is approximately 1.8 miles to International Speedway Boulevard, 1.1 miles to Dunlawton Avenue, 3.3 miles to Beville Road, and 4.9 miles to Interstate 4. The property is suitable for medical or professional office use.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Orange
    County
    Volusia
    State
    Florida
    Longitude
    -81.0241692
    Latitude
    29.1312369

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    FAQs

    What type of property is this?
    Office space - 2,770 SF office condos with long-term tenant in place.
    Where is this office space located?
    The property is located at 1515 Herbert St, Unit Unit 210 & 211 Port Orange, FL.
    What is the asking price?
    The asking price for this property is $640,000.
    What are key features of this property?
    This property features: - Long-term tenant in place since 2006 with lease running through March 31, 2028, providing stable income.; - Attractive 6.64% Cap Rate offers a strong return on investment.; - $42,484.80 Annual Base Rent ensures consistent cash flow.
    (386) 295-5723
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    1515 Herbert St, Unit Unit 210 & 211 Port Orange, FL 32129
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    Realmo Value Estimation

    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.

    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.

    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
    1515 Herbert St, Unit Unit 210 & 211 Port Orange, FL 32129
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