Warehouse Unit with 14-Foot
For Sale
$180,000
Pending
531 VIRGINIA AVENUE #C, Port Orange, FL 32128
Upgraded warehouse space with a bathroom, exhaust fan, and association-covered roof and building insurance.
Property Size800 SF
Days on Market50
Property Features for 531 VIRGINIA AVENUE #C
General Information
Standard status
Pending
Size
800 SF
Property subtype
Mixed Use
Building Details
Year Built
2017
Listing Agency:
RE/MAX ADVANTAGE
(386) 846-1515
Listed By:
Eric Zimmerman · License #3105735
(904) 687-7876
Source:
Endlesssummerrealty
Added: Sep 3
Changed: Oct 21
Last Checked: Oct 20 at 9:19PM
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 RE/MAX ADVANTAGE
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Investment Insights
Based on property information with market context.
Unit C is an upgraded warehouse property completed in 2017, featuring 14-foot ceilings, a bathroom, and an exhaust fan. The space is configured for warehouse and business operations, with a door added to connect it to Unit D.
Located at 531 Virginia Avenue in Port Orange, the property is within an association that covers the roof and building insurance. Units C and D are separate parcels and may be purchased together, providing flexibility for an owner seeking additional connected warehouse space.
Located at 531 Virginia Avenue in Port Orange, the property is within an association that covers the roof and building insurance. Units C and D are separate parcels and may be purchased together, providing flexibility for an owner seeking additional connected warehouse space.
Key Highlights
- 14‑foot ceilings in Unit C
- Bathroom and exhaust fan included
- 2017 construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,434
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$128,680
$128.7K
Cap Rate 7%
$91,914
$91.9K
Cap Rate 9%
$71,489
$71.5K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$8.0K $9.96/SF
− Vacancy
−$398 −$0.50/SF
EGI
$7.6K $9.46/SF
− OpEx
−$1.1K −$1.42/SF
NOI
$6.4K $8.04/SF
Area
Volusia County, FL
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$128,680
Cap Rate 7%
$91,914
Cap Rate 9%
$71,489
Alternative Uses
Best Use
Warehouse
$91.9K
$80.4K – $107.2K
NOI $6,434 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
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.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
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 - Upgraded warehouse space with a bathroom, exhaust fan, and association-covered roof and building insurance.
Where is this warehouse located?
The property is located at 531 VIRGINIA AVENUE #C 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: 14‑foot ceilings in Unit C; Bathroom and exhaust fan included; 2017 construction
