Retail Storefront
469 Ward Drive Oak Hill, FL 32759
For Sale
$324,900
Retail storefront property on Ward Drive in Oak Hill, Florida, offered for sale.
Days on Market92
Property Features for 469 Ward Drive
General Information
Standard status
Active
Building Details
Year Built
1994
Listing Agency:
The Barnett Group Inc.
(386) 265-2328
Listed By:
Janna Taylor · License #3432567
(386) 265-2328
Source:
Evrealestate
Added: Apr 30
Changed: Jul 26
Last Checked: Jul 29 at 6:46AM
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 retail storefront property is offered for sale in Oak Hill, Florida. The listing is presented as a storefront/retail space within the Commercial real estate category.
The address is 469 Ward Drive, Oak Hill, FL 32759, in Volusia County. Directions note travel south on US 1 into Oak Hill, a right onto Ward Drive, and entry via the second driveway on the left.
The address is 469 Ward Drive, Oak Hill, FL 32759, in Volusia County. Directions note travel south on US 1 into Oak Hill, a right onto Ward Drive, and entry via the second driveway on the left.
Key Highlights
- Retail storefront property on Ward Drive in Oak Hill, Florida
- Built in 1994
- Central air conditioning and central electric heating
Financial Insights For Retail
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 | $17.1k | $15.00 |
| − Vacancy | −$1.8k | −$1.55 |
| EGI | $15.3k | $13.46 |
| − OpEx | −$4.6k | −$4.04 |
| NOI | $10.7k | $9.42 |
1,140 SF · lease $15.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$153.4K
$134.2K – $179.0K
NOI $10,737 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.1K
$294.1K – $392.2K
NOI $23,530 @ 7.0% cap · market cap 7.24%
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?
Storefront property - Retail storefront property on Ward Drive in Oak Hill, Florida, offered for sale.
Where is this storefront property located?
The property is located at 469 Ward Drive Oak Hill, FL.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Retail storefront property on Ward Drive in Oak Hill, Florida; Built in 1994; Central air conditioning and central electric heating
