Commercial Land with
1981 Alice Dr, Astor, FL 32102
For Sale
$529,900
Existing warehouse improvements accompany a redevelopment site currently zoned 01RR (Rural Residential).
Property Size3,141 SF
Price / SF$168.70
Days on Market100
Property Features for 1981 Alice Dr
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
LPT REALTY LLC
Listed By:
Armando Rodriguez · License FL #3337048
(407) 455-1400
Source:
Chenoregroup
Added: Aug 5
Changed: Nov 11
Last Checked: Oct 7 at 2:21PM
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 LPT REALTY LLC
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Investment Insights
Based on property information with market context.
This approximately 1.68-acre property includes approximately 4,709 square feet of existing warehouse space, according to public records. The improvements date to 1971, providing an existing structure on a larger landholding rather than a vacant parcel. The current zoning is 01RR (Rural Residential), and any commercial redevelopment, rezoning, or special land-use application would be subject to Volusia County approval and verification.
Located at 1981 ALICE Dr in Astor, the property offers access to major travel corridors and is minutes from the St. Johns River. Its setting also places it within an area associated with recreational tourism, boating, outdoor activities, and nearby residential growth. Buyers should independently confirm zoning, land use, permitted uses, and applicable county requirements.
Located at 1981 ALICE Dr in Astor, the property offers access to major travel corridors and is minutes from the St. Johns River. Its setting also places it within an area associated with recreational tourism, boating, outdoor activities, and nearby residential growth. Buyers should independently confirm zoning, land use, permitted uses, and applicable county requirements.
Key Highlights
- Approximately 1.68‑acre commercial land parcel
- Approximately 4,709 square feet of existing warehouse space
- Currently zoned 01RR (Rural Residential)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,634
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,680
$432.7K
Cap Rate 7%
$309,057
$309.1K
Cap Rate 9%
$240,378
$240.4K
Market Conditions
NOI Build-Up for 3,141 SF
Gross rent
$27.5K $8.76/SF
− Vacancy
−$2.1K −$0.66/SF
EGI
$25.5K $8.10/SF
− OpEx
−$3.8K −$1.22/SF
NOI
$21.6K $6.89/SF
Area
Lake County, FL
Vacancy
7.50%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,680
Cap Rate 7%
$309,057
Cap Rate 9%
$240,378
Alternative Uses
Best Use
Warehouse
$309.1K
$270.4K – $360.6K
NOI $21,634 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$886.2K – $1.18M
NOI $70,899 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
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Business Placement
Demographics for 32102, FL
2,768
Population
1,789
Households
1.5
Avg Household Size
56
Median Age
8%
College-Educated
80%
High-School Grad
62.4 sq mi
ZIP Area
44
Density / Sq Mi
$56,598
Median Household Income
$36,880
Median Earnings
$142,500
Median Home Value
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Market
Properties on Market for Commercial land in Lake County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Existing warehouse improvements accompany a redevelopment site currently zoned 01RR (Rural Residential).
Where is this commercial land located?
The property is located at 1981 Alice Dr Astor, FL.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Approximately 1.68‑acre commercial land parcel; Approximately 4,709 square feet of existing warehouse space; Currently zoned 01RR (Rural Residential)
