Port Orange Industrial Zoned
403 HERBERT STREET Port Orange, FL 32129
403 HERBERT STREET, Port Orange, FL, 32129
$469,000
For Sale
$469,000
0.56-acre industrial property with renovated home and permitted uses.
Property Size1,016 SF
Lot Size0.56 Acres
Price / SF$461.61
Days on Market457
Property Features for 403 HERBERT STREET
General Information
- Standard status
- Active
- Size
- 1,016 SF
- Lot size
- 0.56 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1920
Listing Agency
KELLER WILLIAMS CORNERSTONE RE
(740) 255-3338
Listed by
Alexus Macblain · License #3471186
(740) 255-3338
Source
Exitrealty
Added: Apr 17, 2025 Checked: Jul 15 at 8:56 pm
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 KELLER WILLIAMS CORNERSTONE RE
Investment Insights
Based on property information with market context.
Located in the Port Orange School District, this 0.56-acre industrial-zoned property features 150 feet of road frontage on Herbert Street, with a traffic count of approximately 7,100 vehicles per day. The property consists of two separate lots, one measuring 0.25 acres and the other 0.31 acres. A fully renovated 1,016-sqft home with 2 bedrooms and 2 baths is included, and is being sold fully furnished. Renovations completed in 2023-2024 include a new roof, HVAC, plumbing, electrical, windows, doors, flooring, cabinetry, and fresh paint. The property also features a paver patio with a portable hot tub and an oversized 10x40 storage shed, providing an additional 400 sqft of space. The location provides access to the Halifax River, Daytona Beach, the airport, and major highways leading to Jacksonville, St. Augustine, Tampa, and Orlando. Permitted uses for this industrial-zoned lot include mini-warehouses, vehicle/boat storage and repair, commercial or industrial services, construction contractor yards, business services, taxidermy, and transportation services.
Key Highlights
- Industrial zoning offers flexibility for business or residential use.
- Fully renovated 2‑bedroom, 2‑bath home (1,016 sqft) being sold fully furnished, ready for immediate occupancy.
- Located in the desirable Port Orange School District with convenient access to amenities.
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 | $21.9k | $21.60 |
| − Vacancy | −$1.6k | −$1.62 |
| EGI | $20.3k | $19.98 |
| − OpEx | −$5.1k | −$5.00 |
| NOI | $15.2k | $14.99 |
1,016 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$217.5K
$190.3K – $253.8K
NOI $15,225 @ 7.0% cap · market cap 3.25%
Second Best
Warehouse
$116.7K
$102.1K – $136.2K
NOI $8,171 @ 7.0% cap · market cap 1.74%
Theoretical Best
Office A
$299.6K
$262.1K – $349.5K
NOI $20,970 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Industrial land - 0.56-acre industrial property with renovated home and permitted uses.
Where is this industrial land located?
The property is located at 403 HERBERT STREET Port Orange, FL.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Industrial zoning offers flexibility for business or residential use.; **Fully renovated 2‑bedroom, 2‑bath home (1,016 sqft) being sold fully furnished**, ready for immediate occupancy.; Located in the desirable Port Orange School District with convenient access to amenities.
