Multi-Building Office
123 W Rhode Island Avenue ORANGE CITY Orange City, FL 32763
123 W Rhode Island Avenue ORANGE CITY, Orange City, FL, 32763
$1,350,000
For Sale
$1,350,000
Four-building commercial campus totaling about 6,060 SF on 2.25 acres with ample parking and active rental income.
Property Size6,020 SF
Lot Size2.25 Acres
Price / SF$224.25
Days on Market17
Property Features for 123 W Rhode Island Avenue ORANGE CITY
General Information
- Standard status
- Active
- Size
- 6,020 SF
- Lot size
- 2.25 Acres
Building Details
- Year Built
- 1967
Listing agency
(904) 569-5862
Listed by
Martina Jordan
(904) 569-5862
Source
Movetojacksonville
Added: Jul 5 Updated: Jul 20 at 11:41PM Checked: Jul 21 at 3:31AM
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 Martina Jordan
Investment Insights
Based on property information with market context.
This commercial campus includes four buildings totaling approximately 6,060 SF on a 2.25-acre site. The property is currently generating approximately $9,200 in monthly rental income. The seller notes that one tenant’s lease is nearing expiration, creating the opportunity for an owner-occupant to use the front two buildings totaling approximately 2,500 SF while continuing to receive income from the remaining tenants. Ample parking is available for visitors and tenants.
Located in Orange City at 123 W Rhode Island Avenue, the property is positioned in the heart of the market and provides convenient access to major thoroughfares, including Volusia Avenue (US 17-92). The seller also describes the campus as suitable for a range of uses, including professional offices, medical, educational, religious, nonprofit, and training facilities, among others.
With multiple structures and room on the site, the property can support both immediate occupancy needs and longer-term expansion or redevelopment planning, according to the seller’s description.
Located in Orange City at 123 W Rhode Island Avenue, the property is positioned in the heart of the market and provides convenient access to major thoroughfares, including Volusia Avenue (US 17-92). The seller also describes the campus as suitable for a range of uses, including professional offices, medical, educational, religious, nonprofit, and training facilities, among others.
With multiple structures and room on the site, the property can support both immediate occupancy needs and longer-term expansion or redevelopment planning, according to the seller’s description.
Key Highlights
- Four‑building commercial campus with total building area of 7,146 SF on a 2.5‑acre city lot
- Active rental income: approximately $9,200/month reported, with one tenant’s lease nearing expiration
- 1‑story property built in 1967 with slab foundation, ceramic tile and laminate flooring, and AC/heat
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 | $130.0k | $21.60 |
| − Vacancy | −$9.8k | −$1.62 |
| EGI | $120.3k | $19.98 |
| − OpEx | −$30.1k | −$5.00 |
| NOI | $90.2k | $14.99 |
6,020 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.50M
NOI $90,210 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,253 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
iBuild Academy, Inc
Training Center
2Cool Preschool
Daycare Center
A to Z Energy Solutions
Production Facility
A to z Venue
Hotel & Motel
All Around Kid ...
Daycare Center
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FAQs
What type of property is this?
School - Four-building commercial campus totaling about 6,060 SF on 2.25 acres with ample parking and active rental income.
Where is this school located?
The property is located at 123 W Rhode Island Avenue ORANGE CITY Orange City, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Four‑building commercial campus with total building area of 7,146 SF on a 2.5‑acre city lot; Active rental income: approximately $9,200/month reported, with one tenant’s lease nearing expiration; 1‑story property built in 1967 with slab foundation, ceramic tile and laminate flooring, and AC/heat
