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    2089 Avocado Dr Port Orange, FL 32127
    Property profile & analytics

    2089 Avocado Dr, Port Orange, FL 32127

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    • Commercial real estate
    For Sale
    $485,000
    View Listing →
    Port Orange Land Ready to Build For Sale
    $485,000
    4.42 Acres

    Port Orange Land Ready to Build

    Cleared 4.42-acre parcel in Port Orange, ready for your vision.

    2089 Avocado Drive, Port Orange, FL 32127
    View Listing
    Property ID
    US18-5179040
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2089 Avocado Dr

    Property type
    Commercial real estate

    Description

    This exceptional 4.2-acre (192,535.2 sq ft) lot in the desirable Tomoka Farms subdivision of Port Orange, Florida presents a unique opportunity. Located at 2089 Avocado Drive, zip code 32128, this property offers the ultimate blend of privacy and accessibility. The wooded setting provides a tranquil country atmosphere, while its proximity to town ensures convenient access to amenities and services. Priced at $360,000, this listing represents land value only. Existing infrastructure includes a well and septic system, simplifying the building process. The property is further enhanced by a gated entrance, ensuring security and peace of mind. Please note that an old, abandoned house is present on the property; entry is strictly prohibited during any property viewing. This is an ideal location for those seeking a private retreat while still enjoying the benefits of a thriving community. The property's size and location make it perfect for a custom home or potential multi-family development (subject to local zoning regulations). Don't miss this chance to create your perfect Florida oasis.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Port Orange
    County
    Volusia
    State
    Florida
    Longitude
    -81.076318
    Latitude
    29.0963465

    Comparable in this City

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      Spruce Creek Vacant Land

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      Golf Course Lot in Gated Community

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      Waterfront Land in Port Orange

      Flagship 1.45-acre lot with direct water access to Spruce Creek.
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    Similar Nearby for Sale

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      Port Orange Commercial Land Available

      Commercial sites near I-95 with various approved uses.
      1643-1647 Taylor Rd, Port Orange, FL 32128
      View Details
    • $370,000

      Spruce Creek Fly-In Taxiway Lot

      Rare taxiway lot in Spruce Creek Fly-In community.
      2537 Tail Spin Trl, Port Orange, FL 32128
      View Details
    • $474,000
      2.60 Acres

      Spruce Creek Vacant Land

      Vacant lot in Spruce Creek, Port Orange, no HOA.
      1903 Spruce Creek Cir N, Port Orange, FL 32128
      View Details
    • $899,000
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      Golf Course Lot in Gated Community

      Vacant lot in secure, gated Spruce Creek community.
      2077 Country Club Dr, Port Orange, FL 32128
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    • $700,000
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      Waterfront Land in Port Orange

      Premier waterfront land with direct water access in Port Orange.
      1801 Adrian Creek Blvd, Port Orange, FL 32128
      View Details
    • $700,000
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      Waterfront Land in Port Orange

      Flagship 1.45-acre lot with direct water access to Spruce Creek.
      1805 Adrian Creek Blvd, Port Orange, FL 32128
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near High Traffic

      Retail space with high traffic and convenient highway access.
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      Retail Space in WestPort Square

      Publix-anchored retail strip center with high visibility and ample parking.
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      6,072 SF

      Regional Power Center Space Available

      Retail, restaurant, and office spaces for lease.
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      Regional Power Center Retail Space

      Retail, restaurant, and office spaces available in Port Orange.
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      1,177 SF

      Regional Power Center Retail Space

      Retail, restaurant, and office spaces available in regional power center.
      5527 S Williamson Blvd, Port Orange, FL 32128
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    • Contact for pricing
      1,540 SF

      Regional Power Center Space Available

      Retail, restaurant, and office spaces for lease.
      5499-5515 S Williamson Blvd, Port Orange, FL 32128
      View Details
    View Listing
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    Port Orange, FL 32127
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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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