Building Details

Building Size 1,855 SF

Year Built 1971

Listing Agency: Coastal Ventures Real Estate

Listed By: Ashley Flatley · License #3361969 Show Phone

Source: Coastalventures

Added: Jun 18, 2025 Changed: Oct 27 Last Checked: Oct 27 at 4:15AM

Report an Issue

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 Coastal Ventures Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,855-square-foot mixed-use property was built in 1971 and has undergone extensive renovation. The layout includes a 12-by-14-foot office, two 28-by-17-foot bays, and two bathrooms, one described as a full bath with a shower. Improvements include a metal roof, impact windows, updated electrical components, new plumbing fixtures and lines, and replacement of the well, water pump, and septic system. Interior and exterior finishes have also been updated, with a rear porch added.

The 1.5-acre property has direct access from US 1 and on-site parking. Its office, work areas, utility upgrades, and highway access are practical features of the existing configuration.

Key Highlights

• 1,855‑square‑foot mixed‑use property on 1.5 +/- acres
• Two bays, each measuring 28 x 17 feet
• 12 x 14 office

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,914

Cap Rate

3.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$458,280 $458.3K

Cap Rate 7%

$327,343 $327.3K

Cap Rate 9%

$254,600 $254.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,855 SF

Gross rent

$40.1K $21.60/SF

− Vacancy

−$3.4K −$1.84/SF

EGI

$36.7K $19.76/SF

− OpEx

−$13.7K −$7.41/SF

NOI

$22.9K $12.35/SF

Area

Volusia County, FL

Vacancy

8.50%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$458,280

Cap Rate 7%

$327,343

Cap Rate 9%

$254,600

Alternative Uses

Best Use

Mixed Use

$327.3K

$286.4K – $381.9K (±1% cap)

NOI $22,914 @ 7.0% cap · market cap 3.99%

Second Best

Flex RnD

$298.8K

$261.5K – $348.6K (±1% cap)

NOI $20,918 @ 7.0% cap · market cap 3.64%

Theoretical Best

Office A

$547.0K

$478.6K – $638.1K (±1% cap)

NOI $38,287 @ 7.0% cap · market cap 6.66%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Parts Store Electrical Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

102

Businesses Nearby

Explore this area Business Placement

Demographics for 32759, FL

2,951

Population

1,471

Households

2

Avg Household Size

56

Median Age

15%

College-Educated

86%

High-School Grad

48.7 sq mi

ZIP Area

61

Density / Sq Mi

$61,968

Median Household Income

$38,929

Median Earnings

$1,316

Median Rent

$266,600

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - The highway-facing property includes a dedicated office, two work bays, and updated building systems.

Where is this mixed-use property located?

The property is located at 153 US 1 Oak Hill, FL.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: 1,855‑square‑foot mixed‑use property on 1.5 +/- acres; Two bays, each measuring 28 x 17 feet; 12 x 14 office