Creative Space With Studio
For Sale
$550,000
2250 N Volusia Avenue, Orange City, FL 32763
Adaptable commercial workspace with acoustically treated rooms, production areas, kitchen, restroom, and reconfigurable work areas.
Property Size1,568 SF
Lot Size0.73 Acres
Price / SF$350.77
Days on Market22
Property Features for 2250 N Volusia Avenue
General Information
Standard status
Active
Size
1,568 SF
Lot size
0.73 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
acoustically treated rooms
studio and production spaces
full kitchen
restroom
adaptable workspaces
Building Details
Year Built
1990
Listing Agency:
CENTURY 21 ALTON CLARK
(407) 575-7011
Listed By:
James Clark · License #261095941
Source:
Homes2ranches
Added: Aug 9
Changed: Aug 29
Last Checked: Aug 25 at 3:44AM
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 CENTURY 21 ALTON CLARK
Investment Insights
Based on property information with market context.
This creative space was built in 1990 and originally configured as a professional recording studio. The interior includes multiple acoustically treated rooms, separate studio and production areas, adaptable workspaces, a full kitchen with a refrigerator and sink, and a restroom. The layout can support a range of creative and professional operations, subject to zoning and buyer verification.
The property occupies 0.73 acres at 2250 N Volusia Ave in Orange City, Florida, with access from US-17/92, also known as Volusia Avenue. The site combines a specialized interior buildout with a commercial parcel that may accommodate future site improvements, subject to applicable approvals.
The property occupies 0.73 acres at 2250 N Volusia Ave in Orange City, Florida, with access from US-17/92, also known as Volusia Avenue. The site combines a specialized interior buildout with a commercial parcel that may accommodate future site improvements, subject to applicable approvals.
Key Highlights
- Multiple acoustically treated rooms for studio or production use
- Dedicated studio and production areas
- Full kitchen with refrigerator and sink
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
$23,496
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
4.27%
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%
$469,920
$469.9K
Cap Rate 7%
$335,657
$335.7K
Cap Rate 9%
$261,067
$261.1K
Market Conditions
NOI Build-Up for 1,568 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
$33.9K $21.60/SF
− Vacancy
−$2.5K −$1.62/SF
EGI
$31.3K $19.98/SF
− OpEx
−$7.8K −$5.00/SF
NOI
$23.5K $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%
$469,920
Cap Rate 7%
$335,657
Cap Rate 9%
$261,067
Alternative Uses
Best Use
Office B
$335.7K
$293.7K – $391.6K
NOI $23,496 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.3K
$404.6K – $539.4K
NOI $32,364 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
714
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
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Frequently Asked Questions
What type of property is this?
Creative space - Adaptable commercial workspace with acoustically treated rooms, production areas, kitchen, restroom, and reconfigurable work areas.
Where is this creative space located?
The property is located at 2250 N Volusia Avenue Orange City, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Multiple acoustically treated rooms for studio or production use; Dedicated studio and production areas; Full kitchen with refrigerator and sink
