Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Port Orange Land Parcel Title is generated by Realmo AI

    4290 Spruce Creek Rd, Port Orange, FL 32127

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    22.70-acre commercial land parcel in a central location.

    Type:Land
    Property size:
    988,812 SF
    Lot size:
    22.70 Acres
    Price / SF:
    $7/SF
    Added:
    May 1, 2021
    Days on Market:
    1861
    Last Refresh:
    May 19 at 9:27 pm

    Property Features for 4290 Spruce Creek Rd

    General Information

    Standard status
    Active
    Size
    988,812 SF
    Lot size
    22.70 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Miro Lakic

    Listing agent Miro Lakic License #BK 667214

    Listing office Executive Realty Network

    Listing date May 1, 2021

    Source Crexi

    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 Executive Realty Network

    HighLights

    • Largest land parcel: 22.70 acres east of I‑95 in Port Orange, FL.
    • Boasting 1,000 ft frontage on Spruce Creek Rd for significant visibility.
    • Prime location: Less than 2 blocks to Dunlawton Ave, less than 0.5 miles to Riverwalk, and less than 1 mile to the Atlantic Ocean.
    • Zoned General Commercial with PUD (Planned Unit Development) potential.
    • Previously approved for 160 units, suggesting established development feasibility.
    • Potential to develop up to 300 units including condos, townhouses, apartments, senior housing, or single‑family homes.

    Overview

    This 22.70-acre land parcel is located east of I-95 in Port Orange, Florida, featuring 1000 feet of frontage on Spruce Creek Road. It is situated less than two blocks from Dunlawton Avenue, less than 0.5 miles from Riverwalk, and less than one mile from the Atlantic Ocean. The surrounding area has a median home price of $450,000. Currently zoned with Port Orange as General Commercial, the Future Land Use Map designates it as PUD. Plans were previously approved for 160 units. The property offers potential for development of up to 300 units, including condos, townhouses, apartment buildings, senior housing, residential properties, single-family houses, or a mobile home park. A PUD submission will be required, along with a 120-day inspection period.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Port Orange
    County
    Volusia
    State
    Florida
    Longitude
    -80.9947281
    Latitude
    29.1338386

    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
    • $1,250,000

      High-Exposure Corner Commercial Lot

      Corner commercial lot in Port Orange with driveway in place and water and sewer available at the site.
      1500 Town W Boulevard, Port Orange, FL 32128
      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?
    Commercial land - 22.70-acre commercial land parcel in a central location.
    Where is this commercial land located?
    The property is located at 4290 Spruce Creek Rd Port Orange, FL.
    What is the asking price?
    The asking price for this property is $7,248,999.
    What are key features of this property?
    This property features: Largest land parcel: 22.70 acres east of I‑95 in Port Orange, FL.; Boasting 1,000 ft frontage on Spruce Creek Rd for significant visibility.; Prime location: Less than 2 blocks to Dunlawton Ave, less than 0.5 miles to Riverwalk, and less than 1 mile to the Atlantic Ocean.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Miro Lakic
    Real Estate License ID: BK 667214
    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
    4290 Spruce Creek Rd, 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!