Lakeview Office/Medical Condo For
For Sale
$469,999
3821 Woodbriar Trail Unit 3, Port Orange, FL 32129
1,630 SF turn-key office/medical space with lake view.
Property Size1,630 SF
Price / SF$288.34
Days on Market178
Property Features for 3821 Woodbriar Trail Unit 3
General Information
Standard status
Active
Size
1,630 SF
Class
A
Property subtype
Office
Building Details
Building Size
1,630 SF
Year Built
2021
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
(386) 295-5723
Listed By:
John W. Trost, CCIM · License #FL #BK-0160420
(386) 295-5723
Source:
Svn
Added: Mar 6
Changed: Aug 31
Last Checked: Aug 31 at 1:23PM
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
Investment Insights
Based on property information with market context.
This 1,630 square foot office/medical condo is located in Elite Plaza, west of Nova Road and north of Dunlawton Avenue on the west side of Woodbriar Trail. The property is a turn-key office/medical space with lake views and excellent access to Dunlawton Avenue and Nova Road.
Key Highlights
- Turn‑key Office/Medical Space ready for immediate occupancy
- 1,630 SF Lakeview Office Condo with stunning views
- Built in 2021
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
$24,426
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
5.20%
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%
$488,520
$488.5K
Cap Rate 7%
$348,943
$348.9K
Cap Rate 9%
$271,400
$271.4K
Market Conditions
NOI Build-Up for 1,630 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
$35.2K $21.60/SF
− Vacancy
−$2.6K −$1.62/SF
EGI
$32.6K $19.98/SF
− OpEx
−$8.1K −$5.00/SF
NOI
$24.4K $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%
$488,520
Cap Rate 7%
$348,943
Cap Rate 9%
$271,400
Alternative Uses
Best Use
Office B
$348.9K
$305.3K – $407.1K
NOI $24,426 @ 7.0% cap · market cap 5.20%
Second Best
Healthcare Medical
$338.8K
$296.4K – $395.2K
NOI $23,713 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$480.6K
$420.5K – $560.7K
NOI $33,643 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
976
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32129, FL
21,594
Population
11,991
Households
1.8
Avg Household Size
50
Median Age
25%
College-Educated
93%
High-School Grad
7.5 sq mi
ZIP Area
2,879
Density / Sq Mi
$65,936
Median Household Income
$39,226
Median Earnings
$1,538
Median Rent
$241,500
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.
Similar Off Market Nearby
- Spruce Creek Animal Clinic — 3915 S Nova Rd, Port Orange, FL 32127
- Golby Deborah L DVM — 3915 S Nova Rd, Port Orange, FL 32127
- Hancock Scott DVM — 3915 s nova rd, port orange, fl 32127
- Animal Clinic of Dunlawton Sq — 3855 S Nova Rd, Port Orange, FL 32127, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - 1,630 SF turn-key office/medical space with lake view.
Where is this medical office space located?
The property is located at 3821 Woodbriar Trail Unit 3 Port Orange, FL.
What is the asking price?
The asking price for this property is $469,999.
What are key features of this property?
This property features: Turn‑key Office/Medical Space ready for immediate occupancy; 1,630 SF Lakeview Office Condo with stunning views; Built in 2021
