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    Flex Warehouse with Grade-Level Access Title is generated by Realmo AI

    604 Oak Place, Port Orange, FL 32127

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    Picture of Flex space at 604 Oak Place, Port Orange, FL
    For Lease
    $916/Mo $0.12 SF/Yr (calc)

    COMMERCIAL - Port Orange, FL

    Property size:
    89,289 SF
    Lot size:
    100,000.00 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 604 Oak Place

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    631022000100
    Size
    89,289 SF
    Lot size
    100,000.00 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    LOT 10 PORT ORANGE BUSINESS PARK UNIT 1 MB 35 PG 9 PER OR 48 18 PG 3358 PER OR 8726 PG 3504
    Tax Annual Amount
    34450

    Building Details

    Year built
    1995

    We can help!

    Listing Contact
    Holly Booth

    Listing agent Holly Booth License #3540789

    Listing office Coldwell Banker Commercial Benchmark 570 Memorial Cir Suite 300, Ormond Beach, FL

    Listing date Jun 3, 2026

    MLS# 1227165

    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

    • Flex/warehouse space built in 1995, suited for contractors, distribution, light manufacturing, service businesses, and storage
    • Grade‑level overhead door access with approximately 14‑foot clear heights
    • Ample parking and convenient access to I‑95, US‑1, and Dunlawton Avenue
    • Units delivered with new floor coating, new paint, and new LED lighting
    • Located in the Decker Center business park with proximity to Daytona Beach International Airport

    Overview

    This versatile flex/warehouse property is set up for contractors, distribution, light manufacturing, service businesses, and storage operations. The space offers grade-level overhead door access and approximately 14-foot clear heights, supporting practical material handling and day-to-day workflow. Units are being delivered with new floor coating, new paint, and new LED lighting, helping tenants move in with a refreshed interior.

    The building is located within the Decker Center business park in Port Orange, Florida. Access is designed for efficient travel to major transportation routes, including I-95, US-1, and Dunlawton Avenue. The surrounding area includes business activity as well as nearby restaurants and retail services, with Daytona Beach International Airport in close proximity.

    For tenants seeking an industrial setup that can support both warehousing and light manufacturing, the combination of clear height, overhead door access, and updated lighting and finishes can help simplify operations from day one. The layout and functional design are also well suited for service-oriented businesses that need storage and frequent loading access. Ample parking supports employee and customer access as daily activity ramps up.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Orange
    County
    Volusia
    State
    Florida
    Longitude
    -80.990999
    Latitude
    29.134055

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    FAQs

    What type of property is this?
    Flex space - Flex/warehouse space with grade-level overhead doors, new interior finishes, and convenient parking for distribution and light production.
    Where is this flex space located?
    The property is located at 604 Oak Place Port Orange, FL.
    What is the lease rate?
    The lease rate is $916 /Mo.
    What are key features of this property?
    This property features: Flex/warehouse space built in 1995, suited for contractors, distribution, light manufacturing, service businesses, and storage; Grade‑level overhead door access with approximately 14‑foot clear heights; Ample parking and convenient access to I‑95, US‑1, and Dunlawton Avenue
    (678) 898-2721
    We can help!
    Listing Contact
    Holly Booth
    Real Estate License ID: 3540789
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    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.

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