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    Reed Canal Rd South Daytona, FL 32129
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    Reed Canal Rd South Daytona, FL 32129

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    • Land
    • 8.76 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Reed Canal Rd

    Lot size
    8.76 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 8.76-acre parcel presents a unique investment opportunity in Port Orange, Volusia County, Florida. Strategically located at the high-traffic intersection of Reed Canal Road and South Nova Road, this property boasts approximately 1,170 feet of frontage along Reed Canal Road. Its prime location offers unparalleled visibility and accessibility. The land is situated adjacent to Atlantic High School, providing a strong demographic advantage, and directly across the street from a substantial 288-unit apartment complex, ensuring a large, established residential population nearby. This commercial and industrial zoned land offers convenient access to major transportation arteries, including Interstate 4 and Interstate 95, facilitating seamless connectivity throughout the region. The property's APN is 5332-00-00-0020 and is currently owned by the City of Port Orange. The zoning status is currently unpermitted. This significant acreage presents a compelling opportunity for developers and investors seeking a high-visibility location with strong potential for a variety of commercial or industrial uses. The property's proximity to residential areas, schools, and major highways makes it an ideal site for a wide range of projects. Serious inquiries are encouraged. The address is Reed Canal Rd, Port Orange, FL 32129.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Daytona
    County
    Volusia
    State
    Florida
    Longitude
    -81.0228
    Latitude
    29.1514

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      0.99 Acres

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      3500 Clyde Morris Blvd

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      1600 Reed Canal Rd

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      1600 Reed Canal Rd, Port Orange, FL 32129
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    Similar Nearby for Sale

    • Contact for pricing

      Land Available in Port Orange

      8.76 acres of land with excellent location.
      Reed Canal Rd, Port Orange, FL 32129
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    • $3,899,000
      11.80 Acres

      Prime Land in Growing Area

      11.8 acres of vacant land ready for development.
      3830 Clyde Morris Blvd, Port Orange, FL 32129
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    • $995,000

      Flex Warehouse Condo For Sale

      New flex warehouse condo in Crystal Lake Business Park.
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    • $895,000
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      Port Orange Commercial Condo For Sale

      3,993 SF commercial condo in high-traffic Port Orange location.
      3780 S Nova Rd, Port Orange, FL 32129
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      Port Orange Warehouse Space Available

      11,225 SF warehouse space for sale in Port Orange.
      3350 S Ridgewood Ave, Port Orange, FL 32129
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    Similar Nearby for Lease

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      8,300 SF

      Port Orange Warehouse Complex

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    • $2,650 /Mo
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      Port Orange Open Office Space

      Flexible 1,392 sq ft office space with overhead door.
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      Nova Road Outparcel For Lease

      0.99+/- acre outparcel on Nova Road, great visibility.
      3798 S Nova Rd, Port Orange, FL 32129
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      1,050 SF

      Retail Space in Growing Metro

      Retail space anchored by Bealls and Ross Dress for Less.
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      Retail Space in Tourist Destination

      Retail space for lease in popular Daytona Beach tourist area.
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      1,000 SF

      Port Orange Shared Office Space

      Shared office space in a well-maintained professional office park.
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    Reed Canal Rd
    South Daytona, FL 32129
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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.

    More about this property
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    Reed Canal Rd, South Daytona, FL, 32129
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