Two-Suite Office
469 Ward Drive Oak Hill, FL 32759
469 Ward Drive, Oak Hill, FL, 32759
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For Sale
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Versatile office building configured as two expansive suites with a shared kitchenette and two restrooms.
Property Size1,140 SF
Price / SF$306.93
Days on Market83
Property Features for 469 Ward Drive
General Information
- Standard status
- Active
- Size
- 1,140 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1994
Listing agency
The Barnett Group Inc.
(386) 265-2328
Listed by
Janna Taylor · License #3432567
Source
Crexi
Added: Apr 30 Updated: Jul 20 at 7:10PM Checked: Jul 21 at 8:06AM
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 The Barnett Group Inc.
Investment Insights
Based on property information with market context.
This commercial building is configured into two expansive office suites, offering a practical setup for an owner-user or a multi-tenant arrangement. The layout includes a central kitchenette/breakroom and two restrooms to support day-to-day operations for occupants across both suites.
The property is located just off US-1 in Oak Hill, within Volusia County. The building is positioned for flexible use, with room for future expansion, redevelopment, or additional income-producing improvements as needs change.
Measurements are believed to be accurate but not guaranteed. The property offers a range of potential configurations, including the ability to reconfigure the interior for additional office or specialty space types, subject to applicable approvals.
The property is located just off US-1 in Oak Hill, within Volusia County. The building is positioned for flexible use, with room for future expansion, redevelopment, or additional income-producing improvements as needs change.
Measurements are believed to be accurate but not guaranteed. The property offers a range of potential configurations, including the ability to reconfigure the interior for additional office or specialty space types, subject to applicable approvals.
Key Highlights
- Commercial building built in 1994
- Currently configured as two expansive office suites
- Includes a central kitchenette/breakroom
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 | $24.6k | $21.60 |
| − Vacancy | −$1.8k | −$1.62 |
| EGI | $22.8k | $19.98 |
| − OpEx | −$5.7k | −$5.00 |
| NOI | $17.1k | $14.99 |
1,140 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$244.0K
$213.5K – $284.7K
NOI $17,083 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.1K
$294.1K – $392.2K
NOI $23,530 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Recovery Church Movement
Association / Organization
BOAT RANCH
Storage Facility
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FAQs
What type of property is this?
Office units - Versatile office building configured as two expansive suites with a shared kitchenette and two restrooms.
Where is this office units located?
The property is located at 469 Ward Drive Oak Hill, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Commercial building built in 1994; Currently configured as two expansive office suites; Includes a central kitchenette/breakroom
