Versatile Commercial Building on Volusia
103 HIGHLAND St Orange City, FL 32763
For Sale
$869,000
6,500 SF commercial building with warehouse and flex space.
Property Size6,500 SF
Price / SF$133.69
Days on Market96
Property Features for 103 HIGHLAND St
General Information
Standard status
Active
Size
6,500 SF
Property subtype
Industrial
Building Details
Year Built
1986
Listing Agency:
(941) 840-8669
Listed By:
Leo Rose · License #3359773
(941) 840-8669
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 7:30AM
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 Leo Rose
Investment Insights
Based on property information with market context.
This 6,500 SF commercial building is situated along a highly visible corridor on South Volusia Ave, benefiting from approximately 30,000 vehicles passing daily. The property includes 5,590 SF of warehouse space and 910 SF of finished flex/office space, suitable for various commercial and industrial purposes. Zoned CG-2, the building allows for multiple uses, including repair shops, fitness or entertainment facilities, garden and farm retail, craft/light industry, and service centers. The property features three large bay doors, 14’ drop ceilings, and 400-amp three-phase power, along with updated electrical and a full security system. The flex/office space is equipped with a newer mini-split HVAC system, providing a comfortable workspace separate from the warehouse. Located in a commercially dense area near 7-Eleven, the property offers excellent visibility and easy access from South Volusia Ave, making it suitable for businesses seeking exposure, functionality, and flexible zoning. The location has a walk score of 32, indicating it is car-dependent, and a bike score of 37, indicating it is somewhat bikeable.
Key Highlights
- High‑visibility location on South Volusia Ave with approximately 30,000 vehicles per day (AADT).
- Flexible CG‑2 zoning allows for multiple commercial and industrial uses.
- 5,590 SF of warehouse space and 910 SF of finished flex/office space.
Financial Insights For Flex RnD
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 | $123.2k | $18.96 |
| − Vacancy | −$10.5k | −$1.61 |
| EGI | $112.8k | $17.35 |
| − OpEx | −$39.5k | −$6.07 |
| NOI | $73.3k | $11.28 |
6,500 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.05M
$916.2K – $1.22M
NOI $73,297 @ 7.0% cap · market cap 8.43%
Second Best
Warehouse
$746.8K
$653.5K – $871.3K
NOI $52,278 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,160 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - 6,500 SF commercial building with warehouse and flex space.
Where is this flex space located?
The property is located at 103 HIGHLAND St Orange City, FL.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: High‑visibility location on South Volusia Ave with approximately 30,000 vehicles per day (AADT).; Flexible CG‑2 zoning allows for multiple commercial and industrial uses.; **5,590 SF of warehouse space and 910 SF of finished flex/office space.**
