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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    601 Lemon St Port Orange, FL 32127

    • Investment properties
    • 11,886 SF
    • 0.84 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4754411
    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

    • Investment properties

    Property Details for 601 Lemon St

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.84 lot acres
    Property size
    11,886 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    6341-03-00-1070
    APU
    634103001070

    Description

    This exceptional Port Orange industrial property offers 19,500 square feet of flexible space for lease, spread across two buildings. Located at 601 Lemon St, Port Orange, FL 32127, this Class C property sits on a 1.42-acre lot and boasts a range of features ideal for various businesses. The buildings, constructed in 1980, offer a combined total of 19,500 square feet, with a minimum divisible space of 7,500 square feet and a maximum contiguous space of 12,000 square feet. Currently, the entire 19,500 square feet is vacant and ready for immediate occupancy. The property features convenient drive-in access with 10 loading docks, ensuring efficient operations. Ceiling heights range from 12 to 14 feet, providing ample vertical space. Three-phase power is available, catering to businesses with higher energy demands. This versatile property is perfectly suited for a variety of industrial and flex uses, offering a prime location in Volusia County, Florida. The property's size and features make it an excellent opportunity for businesses seeking a functional and well-located space. Contact us today to learn more about this exceptional leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,553,000
      Market price range: $1.55M - $3.31M
      AI Estimate
      $754,000
      Market price range: $755k - $2.17M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,010,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Orange
    County
    Volusia
    State
    Florida
    Longitude
    -80.9919
    Latitude
    29.1396
    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
    $7,261
    $92,948
    $282,427
    $375,375
    -
    $92,948
    $282,427
    $375,375

    Comparable in this City

    • Value Estimation
      $3,370,000
      18,481 SF

      725 Dunlawton Ave

      STORE/OFFICE (MIXED USE) • 18,481 SF
      725 Dunlawton Ave, Port Orange, FL 32127-9226
      View Details
    • Value Estimation by Request
      472 SF

      5574 Nova Rd

      STORE/OFFICE (MIXED USE) • 472 SF
      5574 Nova Rd, Port Orange, FL 32127-6323
      View Details
    • Value Estimation by Request
      1,625 SF

      750 Oak Hts Ct Ste, Unit 305

      STORE/OFFICE (MIXED USE) • 1,625 SF
      750 Oak Hts Ct Ste, Port Orange, FL 32127-3306
      View Details
    • Value Estimation by Request
      1,475 SF

      4240 Ridgewood Ave Ste, Unit 4

      STORE/OFFICE (MIXED USE) • 1,475 SF
      4240 Ridgewood Ave Ste, Port Orange, FL 32127-4561
      View Details
    • Value Estimation
      $1,640,000
      10,000 SF

      4401 Eastport Park Way

      STORE/OFFICE (MIXED USE) • 10,000 SF
      4401 Eastport Park Way, Port Orange, FL 32127-6042
      View Details
    • Value Estimation by Request
      2,100 SF

      4460 Ridgewood Ave

      STORE/OFFICE (MIXED USE) • 2,100 SF
      4460 Ridgewood Ave, Port Orange, FL 32127-4516
      View Details

    Similar Nearby for Sale

    • $1,200,000
      4,852 SF

      Port Orange Mixed-Use Investment

      Waterfront property, high potential.
      6292 Ridgewood Ave, Port Orange, FL 32127
      View Details
    • $2,750,000
      10,788 SF

      55 Inlet Harbor Road, Ponce Inlet, FL 32127

      Restaurants • 10,788 SF
      55 Inlt Hbr Rd, Ponce Inlet, FL 32127
      View Details
    • $999,000

      Prime Port Orange Commercial Land

      54,014 sq ft Mixed-Use Lot, $999,000
      1736 Dunlawton Ave, Port Orange, FL 32127
      View Details
    • $549,000
      4,311 SF

      Mixed-Use Income Property, Port Orange

      Mixed-use property with five income-producing units in desirable Port Orange.
      417 Oak Pl, 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
    • $3,900,000

      Prime Ponce Inlet Waterfront Land

      Deep-water lots, stunning views, build your dream.
      125 Ponce De Leon Cir, Ponce Inlet, FL 32127
      View Details

    Similar Nearby for Lease

    • $1,795 /Mo
      1,200 SF

      Ponce Inlet Mixed-Use Property

      Mixed-use property in Ponce Inlet with retail space available for lease.
      4604 S Atlantic Ave, Daytona Beach, 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
    • $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
    • $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
    • $14 SF/Yr
      660 SF

      Port Orange Flex Space Available

      Flex and office spaces in clean industrial park for lease.
      4251 Spruce Creek Rd, Port Orange, FL 32127
      View Details
    • $16 SF/Yr
      18,000 SF

      Prime Volusia County Warehouse

      18,000 SF Warehouse, Immediate Occupancy
      4610 Clyde Morris Blvd, 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.
    601 Lemon 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.