Commercial Building on Corner
For Sale
$350,000
1995 VOLUSIA AVENUE, Orange City, FL 32763
Move-in ready commercial building with B-4 zoning on 17-92.
Property Size1,560 SF
Price / SF$224.36
Days on Market240
Property Features for 1995 VOLUSIA AVENUE
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$2,547
Amenities
Central Air
3
Corner Lot.
Paved Driveway.
Corner, County Road, Paved Road.
Building Details
Year Built
1965
Listing Agency:
GLORY INTL. REAL ESTATE CO
(386) 775-7778
Listed By:
Louis Castriota · License #349095
Source:
Xome
Added: Dec 27, 2025
Changed: Aug 23
Last Checked: Aug 23 at 5:22AM
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
Investment Insights
Based on property information with market context.
This block building, situated on a corner lot, is available for commercial use under B-4 zoning. The building features a reception area measuring 10x10 with carpet flooring, a front office measuring 10x11 with carpet, a second front office measuring 7x11 with carpet, a conference room measuring 15x14 with carpet and tile, and a large third office in the rear measuring 11x18 with tile. There are two storage areas, one measuring 6x11 with concrete and another measuring 6x35 with concrete. The property includes 2 1/2 bathrooms and a sprinkler system. There are currently 5 parking spaces, with the potential to easily add 2 more. The space was previously used as a real estate office and, most recently, as a chiropractic office. The property is located on 17-92 in Orange City, Florida.
Key Highlights
- B‑4 Zoning on 17‑92 allows for many uses
- Potential Owner Financing Available with negotiable terms and $100,000 down
- Move‑In Ready Commercial Building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,377
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$467,540
$467.5K
Cap Rate 7%
$333,957
$334.0K
Cap Rate 9%
$259,744
$259.7K
Market Conditions
NOI Build-Up for 1,560 SF
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.
Gross rent
$33.7K $21.60/SF
− Vacancy
−$2.5K −$1.62/SF
EGI
$31.2K $19.98/SF
− OpEx
−$7.8K −$5.00/SF
NOI
$23.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$467,540
Cap Rate 7%
$333,957
Cap Rate 9%
$259,744
Alternative Uses
Best Use
Office B
$334.0K
$292.2K – $389.6K
NOI $23,377 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$460.0K
$402.5K – $536.6K
NOI $32,198 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Move-in ready commercial building with B-4 zoning on 17-92.
Where is this office building located?
The property is located at 1995 VOLUSIA AVENUE Orange City, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: B‑4 Zoning on 17‑92 allows for many uses; Potential Owner Financing Available with negotiable terms and $100,000 down; Move‑In Ready Commercial Building
