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    1280 Kentucky Ave Orange City, FL 32763

    • Commercial real estate
    • 2.17 lot acres
    For Sale
    View listing
    $500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5415280
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1280 Kentucky Ave

    Lot size
    2.17 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.17-acre property in Orange City, Florida, offers a unique investment opportunity. Located at 1280 S Kentucky Ave, Volusia County, zip code 32763, this land is zoned MX-2 and comprises ten separate parcels. The property boasts excellent visibility, situated just west of I-4 and north of the planned Beyond the I-4 project near the Rhode Island overpass. Currently, the site includes a 3,200 square foot warehouse and a cleared lot previously used for outdoor storage, presenting versatile development potential. While the entire property lies within the Zone X flood plane, its strategic location and substantial size make it highly attractive for various uses, including industrial and residential development. The asking price is $500,000, and owner financing is available. This is a rare chance to acquire a significant parcel of mixed-use land in a rapidly growing area.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Orange City
    County
    Volusia
    State
    Florida
    Longitude
    -81.26570787225
    Latitude
    28.934749485443

    Comparable in this City

    • $249,500

      Prime Orange City Residential Land

      Build Your Dream Home in Florida
      39 Graves Ave, Orange City, FL 32763
      View Details
    • $3,000,000
      9.25 Acres

      Prime Orange City Multifamily Land

      9.25 Acres, Mixed-Use Zoning, $3M
      2025 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
    • $122,500

      Prime Orange City Industrial Land

      1.82 Acres, $122,500 - Warehouse Potential
      0 Middlesex St, Orange City, FL 32763
      View Details
    • $39,000

      440 Rhode Island Ave

      Distribution properties
      440 Rhode Island Ave, Orange City, FL 32763
      View Details
    • $995,000
      1.90 Acres

      Prime Industrial Land, Orange City

      1.9-acre development site, fully approved.
      130 Miller Rd, Orange City, FL 32763
      View Details

    Similar Nearby for Sale

    • $249,500

      Prime Orange City Residential Land

      Build Your Dream Home in Florida
      39 Graves Ave, Orange City, FL 32763
      View Details
    • $3,000,000
      9.25 Acres

      Prime Orange City Multifamily Land

      9.25 Acres, Mixed-Use Zoning, $3M
      2025 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
    • $122,500

      Prime Orange City Industrial Land

      1.82 Acres, $122,500 - Warehouse Potential
      0 Middlesex St, Orange City, FL 32763
      View Details
    • $39,000

      440 Rhode Island Ave

      Distribution properties
      440 Rhode Island Ave, Orange City, FL 32763
      View Details
    • $995,000
      1.90 Acres

      Prime Industrial Land, Orange City

      1.9-acre development site, fully approved.
      130 Miller Rd, Orange City, FL 32763
      View Details

    Similar Nearby for Lease

    • $175 SF/Yr
      3,960 SF

      Orange City Storage Units Available

      10x20 storage units for residential and commercial use.
      877 N Volusia Ave, Orange City, FL 32763
      View Details
    • 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

      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

      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
      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
    • $18 SF/Yr
      12,000 SF

      Prime Retail Outparcel For Lease

      12,000 SF retail space in high-traffic Orange City location.
      2641 Enterprise Rd, Orange City, FL 32763
      View Details
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    1280 Kentucky Ave
    Orange City, FL 32763
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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.

    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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