208-1515 Herbert St, Port Orange, FL 32129
Leased 1,385 SF office condo suited for medical or professional use with convenient access and ample parking.
- Added:
- May 1, 2026
- Days on Market:
- 52
- Last Refresh:
- Jun 20 at 8:49 am
Property Features for 208-1515 Herbert St
General Information
- Standard status
- Active
- Size
- 1,385 SF
Listing agent Carl Lentz License #3068067 (386) 801-7435
Listing office SVN Alliance Commercial Real Estate Advisors (386) 801-7435
Listing date May 1, 2026
Source Exprealty
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 SVN Alliance Commercial Real Estate Advisors
HighLights
- 1,385 SF office condo in West End Village, leased to an in‑place tenant since 2025 and running through Dec 31, 2028
- Annual base rent of $24,251.35 with a stated 7.13% cap rate (NNN office condo)
- Condo association handles building and grounds maintenance for low‑effort ownership
- Easy access with entrances from Clyde Morris Boulevard and Herbert Street, plus plenty of parking
- Florida vernacular design with a metal roof
Overview
The building is positioned for visibility and convenient access, with entry from Clyde Morris Boulevard and Herbert Street. Off-street parking is available, supporting easy arrival for patients, clients, and visitors.
The configuration and ongoing lease make this unit a practical fit for medical or professional office users looking for a space aligned to office operations. For buyers, it also offers straightforward ownership through condo-association maintenance, while the current lease provides continuity through the end of 2028. The property’s exposure, access points, and parking availability support client-facing use for a range of professional and healthcare-related tenants.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.9k | $21.60 |
| − Vacancy | −$2.2k | −$1.62 |
| EGI | $27.7k | $19.98 |
| − OpEx | −$6.9k | −$5.00 |
| NOI | $20.8k | $14.99 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Port Orange
- County
- Volusia
- State
- Florida
- Longitude
- -80.9886332
- Latitude
- 29.1448233
