Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    406 Oak St Port Orange, FL 32127

    • Commercial real estate
    • 1,785 SF
    For Sale
    View listing
    $594,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5997625
    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 406 Oak St

    Year built
    1972
    Property size
    1,785 SF
    Property type
    Commercial real estate

    Description

    Exceptional investment opportunity awaits with this meticulously renovated three-unit apartment building located at 406 Oak St, Port Orange, FL 32127. This 1-story, concrete block triplex boasts 1,785 square feet of net rentable space situated on an 8,750 square foot lot. Built in 1972 and extensively renovated between 2021 and 2022, the property features updated kitchens and bathrooms, new flooring, electrical and plumbing systems, and central A/C units in each unit. Individual water and electric meters minimize owner expenses. Currently enjoying 100% occupancy, this property generates a substantial net operating income (NOI) of $43,773, resulting in a compelling 6.73% capitalization rate. Its prime location, less than two miles from the beach, four blocks from the river, and four blocks from Dunlawton Avenue (Port Orange's main thoroughfare), ensures consistent high demand and rental income. The property is zoned for short-term rentals, further enhancing its investment potential. Each unit benefits from a private backyard enclosed by a new 6-foot vinyl fence. This turnkey investment is tenant-occupied

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Orange
    County
    Volusia
    State
    Florida
    Longitude
    -80.9883808
    Latitude
    29.1376723

    Comparable in this City

    • $1,999,999

      Prime Ponce Inlet Waterfront Lot

      Oceanfront development opportunity, 22,215 sq ft.
      4415 Atlantic Ave, Ponce Inlet, FL 32127
      View Details
    • Contact for pricing

      18-Unit Extended Stay Property

      Port Orange, FL Investment Opportunity
      5080 Ridgewood Ave, Port Orange, FL 32127
      View Details
    • $674,999

      Port Orange Multifamily Investment Opportunity

      Multifamily property in Port Orange, Florida, for sale.
      5800 Spruce Creek Woods Dr, Port Orange, FL 32127
      View Details
    • $1,400,000

      Riverfront 7-Unit Income Property

      Seven-unit Airbnb, waterfront oasis, high ROI.
      5202 Riverside Dr, Port Orange, FL 32127
      View Details
    • $990,000
      2,240 SF

      Turnkey Triplex Investment Opportunity

      Renovated triplex in Port Orange, zoned for short-term rentals.
      5070 Orange Blvd, Port Orange, FL 32127
      View Details
    • $114,900
      965 SF

      Tenant Occupied Investment Property

      Mobile home investment property with reliable rental income in Port Orange.
      5216 Pineland Ave, Port Orange, FL 32127
      View Details

    Similar Nearby for Sale

    • $1,999,999

      Prime Ponce Inlet Waterfront Lot

      Oceanfront development opportunity, 22,215 sq ft.
      4415 Atlantic Ave, Ponce Inlet, FL 32127
      View Details
    • Contact for pricing

      18-Unit Extended Stay Property

      Port Orange, FL Investment Opportunity
      5080 Ridgewood Ave, Port Orange, FL 32127
      View Details
    • $674,999

      Port Orange Multifamily Investment Opportunity

      Multifamily property in Port Orange, Florida, for sale.
      5800 Spruce Creek Woods Dr, Port Orange, FL 32127
      View Details
    • $1,400,000

      Riverfront 7-Unit Income Property

      Seven-unit Airbnb, waterfront oasis, high ROI.
      5202 Riverside Dr, Port Orange, FL 32127
      View Details
    • $990,000
      2,240 SF

      Turnkey Triplex Investment Opportunity

      Renovated triplex in Port Orange, zoned for short-term rentals.
      5070 Orange Blvd, Port Orange, FL 32127
      View Details
    • $114,900
      965 SF

      Tenant Occupied Investment Property

      Mobile home investment property with reliable rental income in Port Orange.
      5216 Pineland Ave, Port Orange, FL 32127
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      2,800 SF

      Port Orange Medical Office Condo

      2800 SF Office Condo for Lease
      3890 Turtle Creek Dr, Port Orange, FL 32127
      View Details
    • Contact for pricing

      Retail Space on Nova Road

      Retail space available in Port Orange shopping center.
      4025 South Nova Rd, Port Orange, FL 32127
      View Details
    • Contact for pricing
      2,500 SF

      Retail Spaces in Port Orange

      Retail spaces available in neighborhood center with high visibility.
      4096 S Ridgewood Ave, Port Orange, FL 32127
      View Details
    • $13 SF/Yr
      107,600 SF

      Port Orange Multi-Use Office Complex

      Versatile Office & Warehouse Space in Port Orange, FL
      413 Oak Pl, Port Orange, FL 32127
      View Details
    • $8 SF/Yr
      5,000 SF

      Port Orange Office Building For Sale

      Prime Office Space, Riverwalk Corridor
      4770 Ridgewood Ave, Port Orange, FL 32127
      View Details
    • $14 SF/Yr
      10,075 SF

      Port Orange Flex Space For Lease

      Modern flex space, 10,075 sqft, divisible.
      4441 Eastport Park Way, Port Orange, FL 32127
      View Details
    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.
    406 Oak St
    Port Orange, FL 32127
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.