Office/Retail Condo with Flexible
2583 S Volusia Ave Orange City, FL 32763
New
For Sale
$775,000
Commercial condo offers large open workspace, multiple offices, and two restrooms for office, medical, or service use.
Property Size2,788 SF
Price / SF$277.98
Days on Market5
Property Features for 2583 S Volusia Ave
General Information
Standard status
Active
Size
2,788 SF
Property subtype
Retail
Building Details
Year Built
2006
Listing Agency:
Coldwell Banker Commercial AI Group
(386) 456-6653
Listed By:
John Wanamaker · License #SL3464602
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 28
Last Checked: Jul 29 at 4:11AM
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 Coldwell Banker Commercial AI Group
Investment Insights
Based on property information with market context.
Available for sale is a 2,788-square-foot commercial office/retail condominium at 2583 S Volusia Ave in Orange City, Florida, positioned along U.S. Highway 17-92. The space is designed with a large open workspace, multiple private offices, and two restrooms, supporting a flexible combination of office, medical, professional, retail, or service-oriented uses.
The property sits in a highly accessible area between Sanford, Deltona, Orange City, and DeLand, with Interstate 4 approximately 5–10 minutes away via multiple exits. It is also located less than two miles from AdventHealth Fish Memorial Hospital, providing convenient proximity for established medical and business professionals.
With its adaptable interior layout and prominent commercial corridor placement, this condominium can serve as an owner-user space or an investment holding for a tenant-ready professional setting.
The property sits in a highly accessible area between Sanford, Deltona, Orange City, and DeLand, with Interstate 4 approximately 5–10 minutes away via multiple exits. It is also located less than two miles from AdventHealth Fish Memorial Hospital, providing convenient proximity for established medical and business professionals.
With its adaptable interior layout and prominent commercial corridor placement, this condominium can serve as an owner-user space or an investment holding for a tenant-ready professional setting.
Key Highlights
- Commercial office/retail condominium built in 2006
- 2,788 SF unit with a large open workspace plus multiple private offices
- Includes two restrooms
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 | $60.2k | $21.60 |
| − Vacancy | −$4.5k | −$1.62 |
| EGI | $55.7k | $19.98 |
| − OpEx | −$13.9k | −$5.00 |
| NOI | $41.8k | $14.99 |
2,788 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$596.8K
$522.2K – $696.3K
NOI $41,778 @ 7.0% cap · market cap 5.39%
Second Best
Healthcare Medical
$579.4K
$507.0K – $676.0K
NOI $40,559 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$822.1K
$719.3K – $959.1K
NOI $57,544 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Commercial condo offers large open workspace, multiple offices, and two restrooms for office, medical, or service use.
Where is this office units located?
The property is located at 2583 S Volusia Ave Orange City, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Commercial office/retail condominium built in 2006; 2,788 SF unit with a large open workspace plus multiple private offices; Includes two restrooms
