Warehouse Unit with High
For Sale
$260,000
D-531 Virginia Ave, Port Orange, FL 32127
Finished commercial space combines durable flooring, climate control, workspace cabinetry, and an on-site bathroom.
Property Size1,120 SF
Price / SF$232.14
Days on Market9
Property Features for D-531 Virginia Ave
General Information
Standard status
Active
Size
1,120 SF
Additional Details
Clear Height
14 ft
Taxes and HOA fees
Annual Taxes
$2,394
Listing Agency:
RE/MAX Advantage
Listed By:
Eric Zimmerman
(386) 846-1515
Source:
Exprealty
Added: Sep 3
Changed: Sep 10
Last Checked: Sep 10 at 3:10PM
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 RE/MAX Advantage
Investment Insights
Based on property information with market context.
Unit D is a 1,120-square-foot warehouse with 14-foot ceilings and an upgraded interior. Improvements include high-grade epoxy flooring, a bathroom, an A/C unit that was recently serviced, and cabinetry with countertop workspace. The configuration supports storage, automotive use, trade work, collecting, and business operations.
The property is located on Virginia Ave in Port Orange, Florida. Units C and D are separate parcels that may be acquired together, with an added door linking the two spaces. The association covers the roof and building insurance, providing defined coverage for those components.
The property is located on Virginia Ave in Port Orange, Florida. Units C and D are separate parcels that may be acquired together, with an added door linking the two spaces. The association covers the roof and building insurance, providing defined coverage for those components.
Key Highlights
- 1,120‑square‑foot warehouse unit D
- 14 ft ceilings and high‑grade epoxy flooring
- Bathroom, serviced A/C unit, and cabinetry with countertop workspace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,008
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$180,160
$180.2K
Cap Rate 7%
$128,686
$128.7K
Cap Rate 9%
$100,089
$100.1K
Market Conditions
NOI Build-Up for 1,120 SF
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.
Gross rent
$11.2K $9.96/SF
− Vacancy
−$558 −$0.50/SF
EGI
$10.6K $9.46/SF
− OpEx
−$1.6K −$1.42/SF
NOI
$9.0K $8.04/SF
Area
Volusia County, FL
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$180,160
Cap Rate 7%
$128,686
Cap Rate 9%
$100,089
Alternative Uses
Best Use
Warehouse
$128.7K
$112.6K – $150.1K
NOI $9,008 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.2K
$289.0K – $385.3K
NOI $23,117 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,038
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32127, FL
29,999
Population
15,898
Households
1.9
Avg Household Size
53
Median Age
30%
College-Educated
94%
High-School Grad
14.9 sq mi
ZIP Area
2,013
Density / Sq Mi
$65,260
Median Household Income
$39,196
Median Earnings
$1,324
Median Rent
$301,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Clark Properties — 5111 S Ridgewood Ave STE 300, Port Orange, FL 32127
- Stor-it Self Storage Port Orange — 720 Dunlawton Ave, Port Orange, FL 32127
- American Moving Experts — 209 Dunlawton Ave Suite 9, Port Orange, FL 32129
Frequently Asked Questions
What type of property is this?
Warehouse - Finished commercial space combines durable flooring, climate control, workspace cabinetry, and an on-site bathroom.
Where is this warehouse located?
The property is located at D-531 Virginia Ave Port Orange, FL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1,120‑square‑foot warehouse unit D; 14 ft ceilings and high‑grade epoxy flooring; Bathroom, serviced A/C unit, and cabinetry with countertop workspace
