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    2400 Enterprise Rd Orange City, FL 32763-7902
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    Property profile & analytics

    2400 Enterprise Rd Orange City, FL 32763-7902

    View on Map
    • Retail space
    • 13,320 SF
    • 2.12 lot acres
    Off-Market
    Property ID
    US18-2593703
    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
    $1,970,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Candice M. Ings-Jackson, ARNP / Physician
    • MinuteClinic at CVS / Medical Clinic
    • CVS / Pharmacy
    • UPS Access Point location / Courier Service / Postal Service
    • CVS Pharmacy / Pharmacy

    Property Details for 2400 Enterprise Rd

    Year built
    2010
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.12 lot acres
    Property size
    13,320 SF
    Zone code
    B4
    Property type
    Retail space
    APN
    8015-00-00-0301
    APU
    801500000301

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,090,000
      6.5%
      $1,930,000
      7%
      $1,790,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,953,000
      Market price range: $328k - $1.95M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,350,000
      Current use
      WAREHOUSE, STORAGE
      $2,760,000
      Change: +18% Conversion: Difficult
      MEDICAL BUILDING
      $2,480,000
      Change: +5% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,385,000
      Change: +2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange City
    County
    Volusia
    State
    Florida
    Longitude
    -81.2989
    Latitude
    28.9222
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $40,764
    $1,109,928
    $1,092,507
    $2,202,435
    -
    $1,109,928
    $1,092,507
    $2,202,435

    Comparable in this City

    • Value Estimation by Request
      2,320 SF

      1045 Volusia Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,320 SF
      1045 Volusia Ave, Orange City, FL 32763-7022
      View Details
    • Value Estimation
      $1,260,000
      9,504 SF

      676 Volusia Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,504 SF
      676 Volusia Ave, Orange City, FL 32763-4804
      View Details
    • Value Estimation by Request
      4,210 SF

      1145 Volusia Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,210 SF
      1145 Volusia Ave, Orange City, FL 32763-7024
      View Details
    • Value Estimation by Request
      2,960 SF

      924 Volusia Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,960 SF
      924 Volusia Ave, Orange City, FL 32763-6552
      View Details
    • Value Estimation
      $540,000
      6,640 SF

      236 Volusia Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,640 SF
      236 Volusia Ave, Orange City, FL 32763-5104
      View Details
    • Value Estimation by Request
      6,600 SF

      2481 Volusia Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,600 SF
      2481 Volusia Ave, Orange City, FL 32763-2839
      View Details

    Similar Nearby for Sale

    • $308,000
      1,426 SF

      Historic Mixed-Use Commercial Space

      Dual-zoned commercial space with historic charm and modern functionality.
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      Single Tenant Investment Opportunity

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    • $570,000
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      Retail Property in Orange City

      2,790 SF storefront property available for sale.
      465 S Volusia Ave, Orange City, FL 32763
      View Details
    • Contact for pricing

      Retail Space on Saxon Boulevard

      Retail property with high visibility and strong co-tenants.
      1169 Saxon Blvd, Orange City, FL 32763
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    • $849,000
      5,387 SF

      Upgraded Auto Body Shop

      Fully upgraded auto body shop with rental income in Orange City.
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    Similar Nearby for Lease

    • Contact for pricing
      1,700 SF

      Retail Space in High-Traffic Area

      Retail space available in a renovated, anchored neighborhood center.
      2397-2437 Enterprise Rd, 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
    • 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
      4,512 SF

      Retail Space in Orange City

      Retail space available for lease in Orange City, Florida.
      810-814 Saxon Blvd, Orange City, FL 32763
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, offering 4,512 square feet.
      810 Saxon Blvd, Orange City, FL 32763
      View Details
    • New
      $16 SF/Yr
      5,774 SF

      Versatile Commercial Space in Orange City

      5,500 SF commercial space with flexible layout and high visibility.
      346 N Volusia Ave, Orange City, FL 32763
      View Details
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    Orange City, FL 32763-7902
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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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