Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Racine Rd Orange City, FL 32763

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Racine Rd

    Property type
    Land

    Description

    This exceptional 36,154.8 square foot commercial lot presents a unique opportunity in Orange City, Florida. Located at 0 Racine Road, this high and dry parcel is situated in an established residential area, offering a peaceful setting while remaining conveniently close to numerous amenities. The property's 0.82-acre size provides ample space for a variety of commercial ventures. Its strategic location offers easy access to the Saint Johns River, perfect for launching boats or kayaks, and is just three miles from Blue Springs State Park. Outdoor enthusiasts will appreciate the proximity to the Coast to Coast trail system. Commuting is also a breeze, with downtown Orlando approximately 30 minutes away, downtown DeLand 10 minutes away, and some of Florida's most renowned beaches within a 30-40 minute drive. The property benefits from a recently completed survey, simplifying the development process. This is a rare chance to acquire a sizable commercial lot in a desirable location with excellent access to recreational opportunities and major transportation routes. The asking price is $79,000. Don't miss this chance to secure your future commercial development in Orange City. The property is zoned for commercial use (verification required).

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Orange City
    County
    Volusia
    State
    Florida
    Longitude
    -81.3051
    Latitude
    28.9603

    Comparable in this City

    • Value Estimation by Request

      0039 Graves Ave

      Land
      0039 Graves Ave, Orange City, FL 32763
      View Details
    • Value Estimation by Request
      2.90 Acres

      Park Hl Blvd

      Land • 2.90 Acres
      0 Park Hl Blvd, Orange City, FL 32763
      View Details
    • Value Estimation by Request

      440 Rhode Island Ave

      Distribution properties
      440 Rhode Island Ave, Orange City, FL 32763
      View Details
    • Value Estimation by Request

      Middlesex St

      Distribution properties
      0 Middlesex St, Orange City, FL 32763
      View Details
    • Value Estimation by Request
      2.68 Acres

      Graves Ave

      Land • 2.68 Acres
      0 Graves Ave, Orange City, FL 32763
      View Details
    • Value Estimation by Request

      2421 Enterprise Rd

      Retail properties
      2421 Enterprise Rd, Orange City, FL 32763
      View Details

    Similar Nearby for Sale

    • $335,000
      2.82 Acres

      Prime Commercial Land, Orange City

      2.82 Acres, Highway Frontage, Lease Option
      2483 Volusia Ave, Orange City, FL 32763
      View Details
    • $1,200,000
      1.36 Acres

      Prime Orange City Commercial Land

      1.36 Acres, 4 Parcels, High Traffic Area
      143 French Ave, Orange City, FL 32763
      View Details
    • $1,200,000

      Prime Commercial Land, Orange City, FL

      2.5-Acre Mixed-Use Lot, High Visibility
      0 Graves Ave, Orange City, FL 32763
      View Details
    • Contact for pricing
      20.00 Acres

      20-Acre Multifamily Development Site

      Prime Orange City land, I-4 access, high growth.
      0 Kentucky Ave, Orange City, FL 32763
      View Details
    • $249,500

      Prime Commercial Land, Orange City

      136,778 sq ft lot, high potential.
      0039 Graves Ave, Orange City, FL 32763
      View Details
    • $122,500

      Prime Orange City Industrial Land

      1.82 Acres, $122,500 - Warehouse Potential
      0 Middlesex St, Orange City, FL 32763
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,651 SF

      Saxon Blvd Commercial Land Lease

      Prime Volusia County land, build-to-suit option.
      1350 Saxon Blvd, Orange City, FL 32763
      View Details
    • Contact for pricing

      Land for Lease in Orange

      Land available for lease on Veterans Memorial Parkway.
      Veterans Memorial Pkwy, Orange City, FL 32763
      View Details
    • Contact for pricing

      Outparcel at Lighted Intersection

      Outparcel available at a hard corner with high traffic.
      2590 S Volusia Ave, Orange City, FL 32763
      View Details
    • Contact for pricing
      100,883 SF

      Four Townes Shopping Center: Prime Retail Space

      Retail spaces available in Orange City, FL
      2412 Volusia Ave, Orange City, FL 32763
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Orange City

      Retail property with abundant parking and pylon signage available.
      2460 S Volusia Ave, Orange City, FL 32763
      View Details
    • Contact for pricing
      1,054 SF

      Retail Space in Orange City

      Retail space available in neighborhood shopping center with ample parking.
      2499 Enterprise Rd, Orange City, FL 32763
      View Details
    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.
    Racine Rd
    Orange City, FL 32763
    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

    Google sign-in failed. Please try again or use another login method.