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    921 Town Ctr Dr Orange City, FL 32763-8311
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    Property profile & analytics

    921 Town Ctr Dr, Orange City, FL 32763-8311

    View on Map
    • Community centers
    • 15,681 SF
    • 2.16 lot acres
    Off-Market
    Property ID
    US18-2123519
    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
    $1,695,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Zuri Business Solutions (Certified Public Accountants) / Accounting Firm
    • Legacy Pharmacy / Pharmacy
    • Water's Edge Dermatology - Orange City / Physician / Medical Clinic
    • Elite Hearing Centers of America by AudioNova / Physician
    • Millennium hair studio / Hair Salon

    Property Details for 921 Town Ctr Dr

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.16 lot acres
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    8023-21-00-0010
    APU
    802321000010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 18, 2009 $1,170,920 M & G Land Acquisition LLC Dma Towncenter Trust Warranty Deed —
    Jun 12, 2007 — Dma Towncenter Trust Deltona Medical Arts Pharmacy Warranty Deed —
    Jan 6, 2006 $1,170,260 Deltona Medical Arts Pharmacy Orange City Town Center LLC Warranty Deed $650k · Amsouth Bank
    — — M & G Land Acquisition LLC — Deed Of Trust · related $476k · Regions Bank
    — — Dma Towncenter Investments LLC — Deed Of Trust · related $591k · Regions Bank

    Description

    This exceptional 1200-square-foot office suite, located at 921 Town Center Drive, Suite 400, Orange City, FL 32763, presents a fantastic opportunity. Situated in the Deltona Orange City submarket, this single-tenant space boasts convenient access to Enterprise Road and is surrounded by a thriving hub of medical and professional offices, as well as ample shopping and dining options. The property is classified as Retail, Office, and Special Purpose, with a Traditional Office and Medical Office subtype. The suite features new flooring throughout, one restroom, and one utility closet. Electricity is provided by Duke Energy. While the building only contains one suite, there are no elevators. This versatile space is perfect for a variety of businesses seeking a well-located, move-in ready office. The property's address is easily accessible and offers high visibility. This is an excellent opportunity to establish or expand your business in a dynamic and convenient location. The property is available immediately.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,946,000
      Market price range: $1.72M - $4.79M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,810,000
      Current use
      RETAIL STORES
      $2,765,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange City
    County
    Volusia
    State
    Florida
    Longitude
    -81.2894
    Latitude
    28.9082
    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
    $21,475
    $470,705
    $538,624
    $1,009,329
    -
    $470,705
    $538,624
    $1,009,329

    Comparable in this City

    • Value Estimation by Request
      103,999 SF

      2612 Enterprise Rd

      Lifestyle centers
      2612 Enterprise Rd, Orange City, FL 32763
      View Details
    • Value Estimation
      $20,610,000
      161,349 SF

      985 Harley Strickland Blvd

      MINI-MALL
      985 Harley Strickland Blvd, Orange City, FL 32763-7980
      View Details
    • Value Estimation
      $3,765,000
      16,850 SF

      2578 Enterprise Rd, Unit 232

      MINI-MALL
      2578 Enterprise Rd, Orange City, FL 32763-7904
      View Details
    • Value Estimation
      $7,205,000
      14,308 SF

      2565 Enterprise Rd

      MINI-MALL
      2565 Enterprise Rd, Orange City, FL 32763-8016
      View Details
    • Value Estimation
      $6,785,000
      52,457 SF

      801 Harley Strickland Blvd

      MINI-MALL
      801 Harley Strickland Blvd, Orange City, FL 32763-7985
      View Details
    • Value Estimation
      $840,000
      6,507 SF

      1155 Volusia Ave

      MINI-MALL
      1155 Volusia Ave, Orange City, FL 32763-7037
      View Details

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      Kohl's Anchored Pad Site

      Pad site in dominant power center with excellent visibility.
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      Historic Dual-Zoned Commercial Bungalow

      1910 bungalow ideal for professional service or small business.
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      1,603 SF

      Single Tenant Investment Opportunity

      NNN lease with 15 years remaining in Orange City, FL.
      1221 Saxon Blvd, Orange City, FL 32763
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr

      816 Saxon Boulevard, Orange City, FL 32763

      Shopping centers
      816 Saxon Blvd, Orange City, FL 32763
      View Details
    • 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
      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
      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
      2,000 SF

      Retail Space in Orange City

      Retail space available in a busy Orange City location.
      2563-2620 Enterprise Rd, Orange City, FL 32763
      View Details
    • Contact for pricing

      Retail Space on Saxon Boulevard

      Retail space available in a busy shopping center.
      816 Saxon Blvd, Orange City, FL 32763
      View Details
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    Orange City, FL 32763-8311
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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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