Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Lot on Rose Bay Title is generated by Realmo AI

    5948 Riverside Drive, Port Orange, FL 32127

    View on Map
    Claim this Listing
    For Sale
    $799,000

    LAND - Port Orange, FL

    Lot size:
    0.66 Acres
    Added:
    Nov 5, 2024
    Days on Market:
    573
    Last Refresh:
    Jun 1 at 6:06 pm

    Property Features for 5948 Riverside Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    6314-03-08-0120
    Lot size
    0.66 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    14-16-33 LOTS 12 13 20 & 21 BLK 8 HARBOR OAKS UNIT 1 MB 10 PG 145 & 146
    Tax Annual Amount
    10870

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Navigable Water, River Access
    Water front
    1

    We can help!

    Listing Contact
    Pete Klironomos
    Pete Klironomos

    Listing agent Pete Klironomos License #BK3410351

    Listing office Salty City Realty 600 N Ridgewood Ave Ste c, New Smyrna Beach, FL

    Listing date Nov 5, 2024

    MLS# 1205645 Listing URL

    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.

    HighLights

    • Waterfront lot on Rose Bay with access to the Intracoastal Waterway.
    • Large, secluded 0.62‑acre lot with mature oak trees.
    • Includes a concrete boat ramp and space to build a custom boat dock.
    • Located at the south end of Riverside Drive in Port Orange, offering scenic views and Florida sunsets.
    • Ample draft via Mill Creek for watercraft.
    • Public water and sewer connections available; cable available.

    Overview

    This 0.62-acre single-family residential waterfront lot is located at the south end of Riverside Drive in Port Orange, situated directly on scenic Rose Bay. The lot measures 100 feet wide with an average depth of approximately 275 feet, totaling around 27,547 square feet. It features large, mature oak trees and a concrete boat ramp, with space available to construct a custom boat dock for mooring watercraft. The parcel offers access to the Intracoastal Waterway via Mill Creek, providing sufficient draft. The property provides ample space to build a customized home on this deep lot, allowing for enjoyment of Florida sunsets over the south end of Rose Bay.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Orange
    County
    Volusia
    State
    Florida
    Longitude
    -80.969148
    Latitude
    29.106498

    Nearby Similar for Sale

    • $345,000
      746 SF

      Port Orange Boutique Commercial Property

      Turnkey commercial property in a high-traffic Port Orange location.
      5014 S Ridgewood Avenue, Port Orange, FL 32127
      View Details
    • $699,000
      1,429 SF

      Established Daycare Business Opportunity

      Daycare business and real estate for sale in Port Orange.
      510 Dunlawton Avenue, Port Orange, FL 32127
      View Details
    • $798,900
      1,080 SF

      Commercial Land on US Highway 1

      Two commercial parcels totaling 1.66 acres on US Highway 1.
      5919-5929 S Ridgewood Avenue, Port Orange, FL 32127
      View Details
    • $895,000
      3,993 SF

      Port Orange Commercial Condo For Sale

      3,993 SF commercial condo in high-traffic Port Orange location.
      3780 S Nova Road, Port Orange, FL 32129
      View Details
    • $675,000
      1,630 SF

      New Medical Office Space Available

      Newly built-out office space near Halifax Health Medical Center.
      3821 Woodbriar Trail, Port Orange, FL 32129
      View Details
    • $799,999
      2,480 SF

      Spruce Creek Fly-In Hangar

      Hangar in Spruce Creek Fly-In with electric door.
      212 Cessna Boulevard, Port Orange, FL 32128
      View Details
    • $6,500,000
      31,060 SF

      Port Orange Industrial Property For Sale

      30,060 SF industrial property with flexible manufacturing/distribution space.
      585 Commonwealth Boulevard, Port Orange, FL 32127
      View Details
    • $2,300,000

      Oceanfront Development Parcel in Port Orange

      Rare oceanfront land with multi-family potential in Ponce Inlet.
      4591 S ATLANTIC AVENUE, PORT ORANGE, FL 32127
      View Details
    • $675,000
      2,240 SF

      Upgraded Warehouse Opportunity in Port Orange

      Upgraded double warehouse unit in a sought-after Port Orange area.
      601 Oak Street, Port Orange, FL 32127
      View Details
    • $999,000
      1,600 SF

      Expansive Buildable Land Parcel

      20-acre buildable parcel with metal building near Daytona Beach.
      1700 Tomoka Farms Road, Port Orange, FL 32128
      View Details
    • $995,000

      Port Orange Commercial Property For Sale

      Five-unit commercial property with business and inventory included in sale.
      5110 S RIDGEWOOD Ave, Port Orange, FL 32127
      View Details
    • $675,000

      Upgraded Port Orange Warehouse Opportunity

      Upgraded double warehouse unit in prime Port Orange location.
      601 OAK St C & D, Port Orange, FL 32127
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Secluded 0.62-acre waterfront lot with boat ramp.
    Where is this waterfront land located?
    The property is located at 5948 Riverside Drive Port Orange, FL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Waterfront lot on Rose Bay with access to the Intracoastal Waterway.; Large, secluded 0.62‑acre lot with mature oak trees.; Includes a concrete boat ramp and space to build a custom boat dock.
    (386) 295-9299
    We can help!
    Listing Contact
    Pete Klironomos
    Pete Klironomos
    Real Estate License ID: BK3410351
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5948 Riverside Drive, Port Orange, FL 32127
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!