Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Port Orange Industrial Zoned Property Title is generated by Realmo AI

    403 HERBERT STREET, Port Orange, FL 32129

    View on Map
    Claim this Listing
    For Sale
    $469,000

    0.56-acre industrial property with renovated home and permitted uses.

    Type:Commercial/Industrial
    Property size:
    1,016 SF
    Lot size:
    0.56 Acres
    Price / SF:
    $461/SF
    Added:
    Apr 17, 2025
    Days on Market:
    411
    Last Refresh:
    May 28 at 5:08 pm

    Property Features for 403 HERBERT STREET

    General Information

    Standard status
    Active
    Size
    1,016 SF
    Lot size
    0.56 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Alexus Macblain

    Listing agent Alexus Macblain License #3471186

    Listing office KELLER WILLIAMS CORNERSTONE RE

    Listing date Apr 17, 2025

    Source Exitrealty

    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 KELLER WILLIAMS CORNERSTONE RE

    HighLights

    • Industrial zoning offers flexibility for business or residential use.
    • Fully renovated 2‑bedroom, 2‑bath home (1,016 sqft) being sold fully furnished, ready for immediate occupancy.
    • Located in the desirable Port Orange School District with convenient access to amenities.
    • Large 0.56‑acre lot with 150 feet of road frontage, divided into two separate lots, offering development potential.
    • Private backyard oasis with paver patio and portable hot tub, plus a 10x40 oversized storage shed.
    • Seller is willing to do owner financing with 50% down.

    Overview

    Located in the Port Orange School District, this 0.56-acre industrial-zoned property features 150 feet of road frontage on Herbert Street, with a traffic count of approximately 7,100 vehicles per day. The property consists of two separate lots, one measuring 0.25 acres and the other 0.31 acres. A fully renovated 1,016-sqft home with 2 bedrooms and 2 baths is included, and is being sold fully furnished. Renovations completed in 2023-2024 include a new roof, HVAC, plumbing, electrical, windows, doors, flooring, cabinetry, and fresh paint. The property also features a paver patio with a portable hot tub and an oversized 10x40 storage shed, providing an additional 400 sqft of space. The location provides access to the Halifax River, Daytona Beach, the airport, and major highways leading to Jacksonville, St. Augustine, Tampa, and Orlando. Permitted uses for this industrial-zoned lot include mini-warehouses, vehicle/boat storage and repair, commercial or industrial services, construction contractor yards, business services, taxidermy, and transportation services.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Orange
    County
    Volusia
    State
    Florida
    Longitude
    -80.9918586
    Latitude
    29.1439229

    Nearby Similar for Sale

    • $345,000
      746 SF

      Port Orange Boutique Commercial Property

      Turnkey commercial property in a high-traffic Port Orange location.
      5014 S Ridgewood Avenue, Port Orange, FL 32127
      View Details
    • $699,000
      1,429 SF

      Established Daycare Business Opportunity

      Daycare business and real estate for sale in Port Orange.
      510 Dunlawton Avenue, Port Orange, FL 32127
      View Details
    • $798,900
      1,080 SF

      Commercial Land on US Highway 1

      Two commercial parcels totaling 1.66 acres on US Highway 1.
      5919-5929 S Ridgewood Avenue, Port Orange, FL 32127
      View Details
    • $895,000
      3,993 SF

      Port Orange Commercial Condo For Sale

      3,993 SF commercial condo in high-traffic Port Orange location.
      3780 S Nova Road, Port Orange, FL 32129
      View Details
    • $675,000
      1,630 SF

      New Medical Office Space Available

      Newly built-out office space near Halifax Health Medical Center.
      3821 Woodbriar Trail, Port Orange, FL 32129
      View Details
    • $799,999
      2,480 SF

      Spruce Creek Fly-In Hangar

      Hangar in Spruce Creek Fly-In with electric door.
      212 Cessna Boulevard, Port Orange, FL 32128
      View Details
    • $6,500,000
      31,060 SF

      Port Orange Industrial Property For Sale

      30,060 SF industrial property with flexible manufacturing/distribution space.
      585 Commonwealth Boulevard, Port Orange, FL 32127
      View Details
    • $2,300,000

      Oceanfront Development Parcel in Port Orange

      Rare oceanfront land with multi-family potential in Ponce Inlet.
      4591 S ATLANTIC AVENUE, PORT ORANGE, FL 32127
      View Details
    • $675,000
      2,240 SF

      Upgraded Warehouse Opportunity in Port Orange

      Upgraded double warehouse unit in a sought-after Port Orange area.
      601 Oak Street, Port Orange, FL 32127
      View Details
    • $999,000
      1,600 SF

      Expansive Buildable Land Parcel

      20-acre buildable parcel with metal building near Daytona Beach.
      1700 Tomoka Farms Road, Port Orange, FL 32128
      View Details
    • $995,000

      Port Orange Commercial Property For Sale

      Five-unit commercial property with business and inventory included in sale.
      5110 S RIDGEWOOD Ave, Port Orange, FL 32127
      View Details
    • $675,000

      Upgraded Port Orange Warehouse Opportunity

      Upgraded double warehouse unit in prime Port Orange location.
      601 OAK St C & D, Port Orange, FL 32127
      View Details

    FAQs

    What type of property is this?
    Industrial land - 0.56-acre industrial property with renovated home and permitted uses.
    Where is this industrial land located?
    The property is located at 403 HERBERT STREET Port Orange, FL.
    What is the asking price?
    The asking price for this property is $469,000.
    What are key features of this property?
    This property features: Industrial zoning offers flexibility for business or residential use.; **Fully renovated 2‑bedroom, 2‑bath home (1,016 sqft) being sold fully furnished**, ready for immediate occupancy.; Located in the desirable Port Orange School District with convenient access to amenities.
    (740) 255-3338
    We can help!
    Listing Contact
    Alexus Macblain
    Real Estate License ID: 3471186
    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
    403 HERBERT STREET, PORT ORANGE, FL 32129
    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!