Church Facility with Event
New
For Sale
$1,300,000
301 W Blue Springs Avenue, Orange City, FL 32763
Two gathering areas and a commercial kitchen support the property's current assembly use.
Property Size63,000 SF
Price / SF$156.63
Days on Market2
Property Features for 301 W Blue Springs Avenue
General Information
Standard status
Active
Size
63,000 SF
Additional Details
Highway Access
Yes
Currently Operating
Yes
Property Use
Assembly Hall / House of Worship
Taxes and HOA fees
Annual Taxes
$1,219
Amenities
true
1.4463
1.45
false
Asphalt
Slab
City Street
63000
1
Building Details
Building Size
63,000 SF
Year Built
1980
Abandoned
No
Listing Agency:
UNITED REAL ESTATE PREFERRED
(352) 624-0935
Listed By:
Gael Didloff
Source:
Homerunrealtyteam
Added: Oct 29
Last Checked: Oct 29 at 2:31PM
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 UNITED REAL ESTATE PREFERRED
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,300-square-foot property is operating as a house of worship and assembly hall. Its two primary sections can accommodate more than 300 people combined, with a separate 1,600-square-foot multipurpose area for additional activities. A commercial kitchen is also part of the facility. The building dates to 1980.
The site at 301 W Blue Springs Avenue is in Orange City, within Volusia County. Parking includes more than 45 designated spaces, accessible spaces near the entrance, and overflow capacity for over 60 additional vehicles.
The facility’s current use is assembly; daycare, assisted living, medical office, and general office uses are identified as potential alternatives.
The site at 301 W Blue Springs Avenue is in Orange City, within Volusia County. Parking includes more than 45 designated spaces, accessible spaces near the entrance, and overflow capacity for over 60 additional vehicles.
The facility’s current use is assembly; daycare, assisted living, medical office, and general office uses are identified as potential alternatives.
Key Highlights
- 8,300‑square‑foot facility built in 1980
- Two primary sections with capacity for more than 300 occupants combined
- Separate 1,600‑square‑foot multipurpose area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,246
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,264,920
$1.3M
Cap Rate 7%
$903,514
$903.5K
Cap Rate 9%
$702,733
$702.7K
Market Conditions
NOI Build-Up for 8,300 SF
Gross rent
$128.5K $15.48/SF
− Vacancy
−$13.5K −$1.63/SF
EGI
$115.0K $13.85/SF
− OpEx
−$51.7K −$6.23/SF
NOI
$63.2K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,264,920
Cap Rate 7%
$903,514
Cap Rate 9%
$702,733
Alternative Uses
Best Use
Office B
$1.78M
$1.55M – $2.07M
NOI $124,376 @ 7.0% cap · market cap 9.57%
Second Best
Healthcare Medical
$1.72M
$1.51M – $2.01M
NOI $120,745 @ 7.0% cap · market cap 9.29%
Theoretical Best
Office A
$2.45M
$2.14M – $2.86M
NOI $171,312 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
628
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?
Church & religious facility - Two gathering areas and a commercial kitchen support the property's current assembly use.
Where is this church & religious facility located?
The property is located at 301 W Blue Springs Avenue Orange City, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 8,300‑square‑foot facility built in 1980; Two primary sections with capacity for more than 300 occupants combined; Separate 1,600‑square‑foot multipurpose area
