Upgraded Warehouse
For Sale
$180,000
Pending
531 Virginia Avenue, Port Orange, FL 32128
Commercial Sale, Port Orange, FL
Property Size800 SF
Days on Market47
Property Features for 531 Virginia Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Directions
From US Highway 1 (South Ridgewood Avenue), turn west onto Church Street and then make a left onto Virginia Avenue and proceed down the street to 531 Virginia Ave Unit C on your right.
Subdivision
21 - Port Orange S of Dunlawton, E of 95
Standard status
Pending
APN
6341-13-00-0030
Size
800 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
41 16 33 UNIT C VIRGINIA INDUSTRIAL PARK PHASE II CONDO INC PARKING SPACE 5 PER OR 7229 PG 3919 PER OR 7267 PG 1137 PER OR 7790 PG 3127
Tax Annual Amount
2323
Legal Description
41 16 33 UNIT C VIRGINIA INDUSTRIAL PARK PHASE II CONDO INC PARKING SPACE 5 PER OR 7229 PG 3919 PER OR 7267 PG 1137 PER OR 7790 PG 3127
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2017
Flooring type
Concrete
Building materials
Block
Roof type
Shingle
Listing Agency:
RE/MAX Advantage
Listed By:
Eric Zimmerman
(386) 846-1515
Added: Sep 3
Changed: Oct 15
Last Checked: Oct 19 at 12:06PM
MLS# 1230424
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 800-square-foot warehouse unit at 531 Virginia Avenue features block construction, concrete flooring, 14-foot ceilings, a bathroom, and an exhaust fan. The 2017 building has a shingle roof and access to public water and sewer. A parking lot serves the property.
Units C and D are separate parcels that may be purchased together, with an added door connecting the two spaces. The association covers the roof and building insurance. The property is located in Port Orange, Florida, within Volusia County.
Units C and D are separate parcels that may be purchased together, with an added door connecting the two spaces. The association covers the roof and building insurance. The property is located in Port Orange, Florida, within Volusia County.
Key Highlights
- 800 square feet of warehouse space
- 14‑foot ceilings
- Bathroom and exhaust fan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,021
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,420
$180.4K
Cap Rate 7%
$128,871
$128.9K
Cap Rate 9%
$100,233
$100.2K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$15.2K $18.96/SF
− Vacancy
−$1.3K −$1.61/SF
EGI
$13.9K $17.35/SF
− OpEx
−$4.9K −$6.07/SF
NOI
$9.0K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,420
Cap Rate 7%
$128,871
Cap Rate 9%
$100,233
Alternative Uses
Best Use
Flex RnD
$128.9K
$112.8K – $150.4K
NOI $9,021 @ 7.0% cap · market cap 5.01%
Second Best
Warehouse
$91.9K
$80.4K – $107.2K
NOI $6,434 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$235.9K
$206.4K – $275.2K
NOI $16,512 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
14 ft
Clear height
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32128, FL
20,968
Population
10,155
Households
2.1
Avg Household Size
50
Median Age
40%
College-Educated
94%
High-School Grad
33.4 sq mi
ZIP Area
628
Density / Sq Mi
$84,164
Median Household Income
$41,946
Median Earnings
$1,497
Median Rent
$378,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Clark Properties — 5111 S Ridgewood Ave STE 300, Port Orange, FL 32127
- Stor-it Self Storage Port Orange — 720 Dunlawton Ave, Port Orange, FL 32127
- American Moving Experts — 209 Dunlawton Ave Suite 9, Port Orange, FL 32129
Frequently Asked Questions
What type of property is this?
Warehouse - Concrete-floor warehouse with a private bathroom, exhaust fan, and flexible commercial utility.
Where is this warehouse located?
The property is located at 531 Virginia Avenue Port Orange, FL.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 800 square feet of warehouse space; 14‑foot ceilings; Bathroom and exhaust fan
