59 Dunlawton Ave Port Orange, FL 32127-4611
(zoning: 4 acres RD, 1.2 acres CC, 2.5 acres NP) • Opportunities: Proximity to Dunlawton Avenue; Motivated existing property owner - “champion”; “activate” Riverwalk area; location closer to adjacent higher income areas • Challenges: Potential opposition from internal and adjacent single- family residential homeowners; multiple owners and existing developmen…
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
CC · Port Orange, FL(zoning: 4 acres RD, 1.2 acres CC, 2.5 acres NP) • Opportunities: Proximity to Dunlawton Avenue; Motivated existing property owner - “champion”; “activate” Riverwalk area; location closer to adjacent higher income areas • Challenges: Potential opposition from internal and adjacent single- family residential homeowners; multiple owners and existing development • Regulatory Changes: This will require a future land use (FLU) amendment to change the FLU of 3 parcels (1.3 5 total acres) from Urban Low Density Residential (4-8 units/acre) to Comme rcial or the entire area to Mixed Use Center. A new waterfront zoning categor y may also need to be created and RIDGEWOOD CORRIDOR PLAN December 2012 27 applied to the area to better focus th e uses and redevelopment of the area. These FLU and zoning changes would be done administratively without any cost to the property owners to pr ovide a greater incentive for change. b. Zone 2 (Middle) - Commonwealth to Niver • Total - 14.96 acres • 21 parcels - various owners; (2 owners for 10.42 acres); • residential & commercial uses (zoning: 4.82 acres RMH, 3.86 acres NP, 1.65 acres R-7SF, and 4.64 acres RD) (1) Section 2a (Commonwealth to Warnock) • 6.70 acres • 6 parcels - 3 owners (1 owner for 5.93 acres) • residential & commercial uses, but primarily residential (zoning: 4.82 acres RMH, 0.69 acres R-7SF, and 1.20 acres RD) • Opportunities: one owner controls 88% of the land area; 2 roadway connec tions to the waterfront; signalized intersection at Co mmonwealth Boulevard • Challenges: Potential opposition from internal and adjacent single-family residential homeowners; multiple owners; surrounding demographics - concentration of low- to moderate income population; existing development; mobile home notification and re location process in State law • Regulatory Changes: This will require a future land use (FLU) amendment to change the FLU of 3 parcels (3.4 2 total acres) from Urban Low Density Residential (4-8 units/acre) and/or Office/Residential Transition to Commercial or Mixed Use Center. A new waterfront zoning category may also need to be created and applied to the area to better focus the uses and redevelopment of the area. These FLU and zoning changes would be done administratively without any cost to th e property owners to provide a greater incentive for change. (2) Section 2b (Warnock to Niver) • 8.26 acres • 15 parcels - 9 owners (1 owner for 4.50 acres) • residential & commercial uses (zoning: 3.86 acres NP, 0.96 acres R-7SF, and 3.44 acres RD) • Opportunities: one owner for 6 parcels and 54% of the land area;
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.