Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    218 Herbert St Port Orange, FL 32129
    Property profile & analytics

    218 Herbert St Port Orange, FL 32129

    View on Map
    • Commercial real estate
    For Sale
    $75,000
    View Listing →
    Residential Lot Near Riverwalk Park For Sale
    $75,000
    0.21 Acres

    Residential Lot Near Riverwalk Park

    Buildable lot near Riverwalk Park, restaurants, and public transportation.

    218 HERBERT STREET, Port Orange, FL 32129
    View Listing
    Property ID
    US18-8873701
    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 218 Herbert St

    Property type
    Commercial real estate

    Description

    This exceptional 9,147.6 square foot commercial lot is ideally situated at 218 Herbert Street in Port Orange, Florida, zip code 32129. The property is level and hydro seeded, presenting a build-ready opportunity for immediate development. Its prime location offers unparalleled convenience, being within easy walking distance of Riverwalk Park, a variety of restaurants, and public transportation options. This translates to excellent accessibility for potential businesses and their employees or customers. The asking price for this attractive parcel is $80,000. The lot's size and location make it a highly desirable investment for those seeking a strategic foothold in a thriving area of Port Orange. The property is classified as commercial land and is ready for construction, eliminating the need for extensive site preparation. This presents a significant advantage in terms of time and cost savings for developers. Given its proximity to amenities and public transportation, this lot offers a unique blend of convenience and potential for high returns. Serious inquiries are encouraged to explore this exceptional commercial land opportunity. The property is located in Volusia County.

    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
    -80.98956
    Latitude
    29.1443726

    Comparable in this City

    • Contact for pricing

      Port Orange Prime Retail Land

      11.8 acres of mixed-use vacant land in growing area.
      3830-3834 Clyde Morris Blvd, Port Orange, FL 32129
      View Details
    • $299,000
      1.90 Acres

      Undeveloped Land in Port Orange

      Nearly 2 acres of raw land in Port Orange.
      Pepper Hill Rd, Port Orange, FL 32129
      View Details
    • Contact for pricing

      Nova Road Outparcel For Sale

      0.99+/- acre outparcel on Nova Road, great location.
      3798 S Nova Rd, Port Orange, FL 32129
      View Details
    • Contact for pricing

      Land Available in Port Orange

      8.76 acres of land with excellent location.
      Reed Canal Rd, Port Orange, FL 32129
      View Details
    • New
      $425,000
      0.42 Acres

      Cleared Land Near River Walk

      Cleared 0.42-acre parcel near River Walk Park.
      Ridgewood Ave, Port Orange, FL 32129
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Port Orange Prime Retail Land

      11.8 acres of mixed-use vacant land in growing area.
      3830-3834 Clyde Morris Blvd, Port Orange, FL 32129
      View Details
    • $299,000
      1.90 Acres

      Undeveloped Land in Port Orange

      Nearly 2 acres of raw land in Port Orange.
      Pepper Hill Rd, Port Orange, FL 32129
      View Details
    • Contact for pricing

      Nova Road Outparcel For Sale

      0.99+/- acre outparcel on Nova Road, great location.
      3798 S Nova Rd, Port Orange, FL 32129
      View Details
    • Contact for pricing

      Land Available in Port Orange

      8.76 acres of land with excellent location.
      Reed Canal Rd, Port Orange, FL 32129
      View Details
    • New
      $425,000
      0.42 Acres

      Cleared Land Near River Walk

      Cleared 0.42-acre parcel near River Walk Park.
      Ridgewood Ave, Port Orange, FL 32129
      View Details

    Similar Nearby for Lease

    • $38,000

      Nova Road Outparcel For Lease

      0.99+/- acre outparcel on Nova Road, great visibility.
      3798 S Nova Rd, Port Orange, FL 32129
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in Growing Metro

      Retail space anchored by Bealls and Ross Dress for Less.
      3761-3805 S Nova Rd, Port Orange, FL 32129
      View Details
    • Contact for pricing

      Retail Space in Tourist Destination

      Retail space for lease in popular Daytona Beach tourist area.
      3761 S Nova Rd, Port Orange, FL 32129
      View Details
    • Contact for pricing
      8,300 SF

      Port Orange Warehouse Complex

      Warehouse complex in booming Port Orange area, various sizes available.
      703 Samms Ave, Port Orange, FL 32129
      View Details
    • $1,500 /Mo
      1,000 SF

      Port Orange Shared Office Space

      Shared office space in a well-maintained professional office park.
      4645 Clyde Morris Blvd, Port Orange, FL 32129
      View Details
    • $2,650 /Mo
      1,392 SF

      Port Orange Open Office Space

      Flexible 1,392 sq ft office space with overhead door.
      4645 Clyde Morris Blvd, Port Orange, FL 32129
      View Details
    View Listing
    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.
    218 Herbert St
    Port Orange, FL 32129
    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

    Thank You for Inquiry
    218 Herbert St, Port Orange, FL, 32129
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!