3811 Nova Rd Port Orange, FL 32127-4950
Commercial Development (PCD), but a Master Development Agreement (MDA) was never adopted to implement the zoning. The City should work with the property owners and the owners of the four smaller adjoining properties that front on Dunlawton Ave. to add these properties to the Port Orange Plaza PCD and develop and adopt an MDA for the cohesive development/rede…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PCD · Port Orange, FLCommercial Development (PCD), but a Master Development Agreement (MDA) was never adopted to implement the zoning. The City should work with the property owners and the owners of the four smaller adjoining properties that front on Dunlawton Ave. to add these properties to the Port Orange Plaza PCD and develop and adopt an MDA for the cohesive development/redevelopment of the properties. c. Work with the property owner and the owners of the four smaller adjoining properties that front on Dunlawton Ave. to create opportunities for shared parking, drainage and cross-access. RIDGEWOOD CORRIDOR PLAN December 2012 30 Strategies for Capital Improvements 1. Gateway Sign: Install a gateway sign at southern end of corridor to create a welcoming environment and hometown feel, be a source of community pride, and help form a positive first impression for visitors to the City. Entrance signs are part of the City Vision Statement under the Goal of Community Character. This improvement is included in the FY12-17 Capital Improvement Program (CIP) but is not funded. One of the proposed location options for a gateway sign in the CIP is on Ridgewood Avenue in the median north of the Rose Bay Bridge. The signs would be constructed to meet the current Land Development Code requirements for freestanding signs in terms of maximum sign area, height, lighting, and aesthetic quality. Any associated landscaping will be of drought-tolerant quality to minimize future maintenance. Estimated Cost: Approximately $20,000 2. Regional Drainage Solution: Providing drainage facilities required for redevelopment of many of the small lots along the corridor can be a significant hurdle. The city should consider constructing a regional drainage system for the corridor to provide a stormwater solution for the area and facilitate redevelopment by allowing small lots to be more fully developable. The existing drainage system consists of numerous collection systems with outfall connections to either the Halifax River or to the B-23 Canal which is located just west and parallel to Ridgewood Avenue. The existing drainage system should be utilized to the greatest extent possible within the proposed improvements to limit costs. However, these existing systems do not encourage a regional drainage system retrofit due to the linear nature and slope of the region and the numerous outfall connections.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.