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Port Orange Industrial Flex Space

585 Commonwealth Boulevard Port Orange, FL 32127

585 Commonwealth Boulevard, Port Orange, FL, 32127
$6,500,000
For Sale
Claim this Listing
$6,500,000

30,060 SF industrial property with flexible manufacturing/distribution space.

Property Size30,060 SF
Price / SF$216.23
AddedMar 10
Days on Market128
Last RefreshJun 28 at 11:58 pm

Property Features for 585 Commonwealth Boulevard

General Information

Standard status
Active
Size
30,060 SF
Property subtype
IND

Building Details

Year Built
2009

Listing office Daytona Beach

Listing date Mar 10, 2026

Source Realnex

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 Daytona Beach


Investment Insights

Based on property information with market context.

This 30,060 square foot industrial property in Port Orange includes 4,348 square feet of office and showroom space, along with 26,712 square feet of warehouse and manufacturing area. Constructed in 2009 with concrete, the warehouse section features 15 plumbed units, each approximately 1,500 square feet. Each unit is equipped with an 18-foot bay door and a 37-foot ceiling height, offering the potential for a second-floor build-out. The property includes 3-phase electric power, 16 separate electric meters, 5 offices, a conference room, and 2 breakrooms. There are a total of 5 bathrooms, with 3 located in the warehouse area. A firewall separates the office and showroom from the warehouse. The property provides excellent highway access and is located close to regional transport hubs. The flexible space is suitable for manufacturing or distribution, and the high ceilings allow for expansion or additional build-out. It is well-suited for a variety of industrial or commercial operations.

Key Highlights

  • 30,060 sq ft industrial property with 4,348 sq ft of office/showroom and 26,712 sq ft of warehouse/manufacturing space.
  • Warehouse divided into 15 plumbed 1,500 sq ft units, each with an 18' bay door.
  • 37' ceiling height in warehouse units allows for potential second‑floor build‑out.

Local Financial Insights For Flex RnD

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 $569.9k $18.96
− Vacancy −$48.4k −$1.61
EGI $521.5k $17.35
− OpEx −$182.5k −$6.07
NOI $339.0k $11.28
30,060 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$4.84M
$4.24M – $5.65M (±1% cap)
NOI $338,970 @ 7.0% cap · market cap 5.21%
Second Best
Warehouse
$3.45M
$3.02M – $4.03M (±1% cap)
NOI $241,764 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$8.86M
$7.76M – $10.34M (±1% cap)
NOI $620,438 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Law Firm Restaurant Grocery & Convenience Store Daycare Center Nail Salon (Bike/Boat/Book/etc) Store Grocery & Convenience Store Pharmacy (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Amber's Jewel Catering — 413 Oak Pl # 6E, Port Orange, FL 32127
  • River City Catering — Port Orange, FL 32127

FAQs

What type of property is this?
Flex space - 30,060 SF industrial property with flexible manufacturing/distribution space.
Where is this flex space located?
The property is located at 585 Commonwealth Boulevard Port Orange, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 30,060 sq ft industrial property with 4,348 sq ft of office/showroom and 26,712 sq ft of warehouse/manufacturing space.; Warehouse divided into 15 plumbed 1,500 sq ft units, each with an 18' bay door.; **37' ceiling height in warehouse units allows for potential second‑floor build‑out.**
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