Corner Office
For Sale
$344,900
1995 N Volusia Ave, Orange City, FL 32763
B-4 zoning, multiple offices, dedicated storage, and a conference room create a flexible commercial layout.
Property Size1,380 SF
Price / SF$249.93
Days on Market48
Property Features for 1995 N Volusia Ave
General Information
Standard status
Active
Size
1,380 SF
Total Parking Spaces
5
Zoning
B-4
Additional Details
Road Access
Yes
Sprinkler System
Yes
Building Details
Year Built
1965
Buildings
1
Construction
block
Listing Agency:
GLORY INTL. REAL ESTATE CO
Listed By:
Louis Castriota · License #349095
(386) 469-9036
Source:
Livewelltampabay
Added: Sep 4
Changed: Oct 3
Last Checked: Oct 7 at 4:52PM
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 GLORY INTL. REAL ESTATE CO
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Investment Insights
Based on property information with market context.
This office building on a corner lot offers a reception area, three offices, a conference room, and two storage areas. Interior room dimensions include a 10x10 reception area, 10x11 front office, 7x11 second front office, 15x14 conference room, 11x18 rear office, 6x11 storage room, and 6x35 concrete storage area. The property also includes 2 1/2 baths and a sprinkler system.
Located on N Volusia Ave along 17-92 in Orange City, the building carries B-4 zoning through Volusia County, with many permitted uses. Five parking spaces are currently provided, with room for two additional spaces. The property was built in 1965 and has previously served as a real estate office and chiropractic office.
Located on N Volusia Ave along 17-92 in Orange City, the building carries B-4 zoning through Volusia County, with many permitted uses. Five parking spaces are currently provided, with room for two additional spaces. The property was built in 1965 and has previously served as a real estate office and chiropractic office.
Key Highlights
- B‑4 zoning through Volusia County with many permitted uses
- Corner‑lot office building on N Volusia Ave along 17‑92
- Five existing parking spaces with room for two additional spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,679
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,580
$413.6K
Cap Rate 7%
$295,414
$295.4K
Cap Rate 9%
$229,767
$229.8K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$29.8K $21.60/SF
− Vacancy
−$2.2K −$1.62/SF
EGI
$27.6K $19.98/SF
− OpEx
−$6.9K −$5.00/SF
NOI
$20.7K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,580
Cap Rate 7%
$295,414
Cap Rate 9%
$229,767
Alternative Uses
Best Use
Office B
$295.4K
$258.5K – $344.7K
NOI $20,679 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$406.9K
$356.0K – $474.7K
NOI $28,483 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Explore this area
Business Placement
Demographics for 32763, FL
23,391
Population
11,897
Households
2
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
20.9 sq mi
ZIP Area
1,119
Density / Sq Mi
$64,022
Median Household Income
$40,100
Median Earnings
$1,449
Median Rent
$239,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - B-4 zoning, multiple offices, dedicated storage, and a conference room create a flexible commercial layout.
Where is this office building located?
The property is located at 1995 N Volusia Ave Orange City, FL.
What is the asking price?
The asking price for this property is $344,900.
What are key features of this property?
This property features: B‑4 zoning through Volusia County with many permitted uses; Corner‑lot office building on N Volusia Ave along 17‑92; Five existing parking spaces with room for two additional spaces
