Leased Investment Property in Port
5656 Isabelle Ave Port Orange, FL 32127
5656 Isabelle Ave, Port Orange, FL, 32127
$1,950,000
For Sale
$1,950,000
15-unit leased property with diverse tenants and long-term stability.
Property Size8,285 SF
Lot Size1.46 Acres
Price / SF$235.37
Days on Market591
Property Features for 5656 Isabelle Ave
General Information
- Standard status
- Active
- Size
- 8,285 SF
- Lot size
- 1.46 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1972
Listing Agency
COLDWELL BANKER ENVISION RE
(386) 538-6666
Listed by
Andrew Max · License #3608310
(386) 538-6666
Source
Exitrealty
Added: Dec 3, 2024 Checked: Jul 6 at 12:02 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 COLDWELL BANKER ENVISION RE
Investment Insights
Based on property information with market context.
This 15-unit leased property in Port Orange offers a mix of office and flex space, totaling approximately 9,000 square feet, including a distinctive octagon building, situated on 1.46 acres. The property is anchored by the Florida Department of Agriculture, which has a secure 5-year lease with escalations starting in 2025 and two additional 2-year renewal options. The tenant mix includes medical offices, property management, accounting firms, service providers, and manufacturing businesses. Significant improvements have been made over the years, enhancing its functionality, appeal, and market value. The property provides ample private parking and well-maintained grounds. Located near S. Nova Road, the property benefits from excellent visibility and accessibility. The surrounding area features national retailers, restaurants, and entertainment options, including Publix, Walmart Supercenter, and CVS Pharmacy. The property has never experienced flooding during the 2022 or 2024 hurricanes. The property is intended for commercial real estate use and is an income-generating asset.
Key Highlights
- Anchored by the Florida Department of Agriculture with a secure lease ensuring long‑term income stability.
- Prime location near high‑traffic S. Nova Road with excellent visibility.
- Diverse tenant mix including medical offices and service providers.
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 | $179.0k | $21.60 |
| − Vacancy | −$13.4k | −$1.62 |
| EGI | $165.5k | $19.98 |
| − OpEx | −$41.4k | −$5.00 |
| NOI | $124.2k | $14.99 |
8,285 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.07M
NOI $124,151 @ 7.0% cap · market cap 6.37%
Second Best
Mixed Use
$1.46M
$1.28M – $1.71M
NOI $102,340 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $171,002 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 15-unit leased property with diverse tenants and long-term stability.
Where is this mixed-use property located?
The property is located at 5656 Isabelle Ave Port Orange, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Anchored by the Florida Department of Agriculture with a secure lease ensuring long‑term income stability.; Prime location near high‑traffic S. Nova Road with excellent visibility.; Diverse tenant mix including medical offices and service providers.
