Skip to main content

Office

Regency Plaza Office Building

5656 Isabelle Ave, Port Orange, FL 32127

Listing Price: $1,100,000

Cap Rate
5.46%
Gross SF
8,650
Rentable SF
8,650
Price/Gross SF
$127.17
Lot Size
1.46 acres
Year Built
1985

Investment Overview

Regency Plaza, a 9,000 square foot Office Building is in the heart of Port Orange City, Volusia County. The property is part of the Deltona–Daytona Beach–Ormond Beach metropolitan area. It sits on 1.46 acres, close to the intersection of S. Nova Rd and Isabella Ave with a traffic count of approximately 21,500 vehicles per day. S. Nova at this intersection is the major east/west commercial thoroughfare in Port Orange connecting I-95 with the Intercostal Waterway. It’s proximity to I-95 allows easy access to Daytona Beach, Orlando and South Florida. There is a high concentration of restaurants, shopping and entertainment venues within the immediate vicinity of the subject property. The building is fully leased to14 tenants with the Florida Department of Agriculture occupying space since 2008, in two consecutive suites of 480 square feet each. The Florida Department of Agriculture is an executive department of the government of Florida. A majority of the leases are Gross, which allows the new owner to add value over time by converting them to modified and net leases. Nationally recognized retailers in the immediate area include Publix Super Market, Winn-Dixie, Walmart Super Center, Dollar Tree, Big Lots, Pet Supermarket, CVS Pharmacy and many more. The subject property is located inside an office park in Port Orange, Florida, a city with a population of over 64,000 residents. Port Orange rests adjacent to Daytona, Florida and about fifty-seven miles northeast of Orlando. The Halifax Health Medical Center, an 80-bed community hospital that features a 24/7 Emergency Department is located 2 miles from the site. In addition, there are numerous retailers and restaurants nearby offering tenants plenty of options for breakfast, lunch and dinner. The Daytona Beach International Airport (DAB) is about a 20- minute drive just North of the property is. The number of aircraft operations makes DAB among Florida’s busiest airports. In recent months, DAB has been ranked as the number one busiest airport (take-offs and landings) in Florida, eclipsing Miami, Orlando and Ft. Lauderdale. According to an annual Florida Department of Transportation (FDOT) study, in 2019, DAB alone created a $2.1 billion economic impact. Embry-Riddle Aeronautical University, 8 miles from the site has recently announced plans to add an additional 10,000 square feet of production space to its rapidly expanding research park. The Daytime population is over 90,000 within five miles from the subject property and more than 92,000 households live within ten miles. The Volusia County’s unemployment rate was 5.1%, which is lower than both Florida (5.3%) and the U.S. (6.2%). Over 97,000 people live within 5-miles, the population has grown by 21% since 2000. The state’s largest current infrastructure project, known as the I-4 Ultimate Project, is expected to greatly impact the entire Interstate 4 Corridor, which runs east-west from Daytona to Tampa. This $2.3 billion project should greatly improve all metros along the route, particularly regarding regional distribution.

Investment Highlights

  • Fully Leased Office Building in the Heart of Port Orange in Tax Free Florida
  • Owner Can Increase Net Income by Modifying Gross Leases to Net Leases
  • Solid Demographics of 97,000 people and $50K HHI within 5 Miles
  • Many New Developments are Occurring near the Subject Site

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $1,100,000

Cap Rate
5.46%
Gross SF
8,650
Rentable SF
8,650
Price/Gross SF
$127.17
Lot Size
1.46 acres
Year Built
1985

Investment Highlights

  • Fully Leased Office Building in the Heart of Port Orange in Tax Free Florida
  • Owner Can Increase Net Income by Modifying Gross Leases to Net Leases
  • Solid Demographics of 97,000 people and $50K HHI within 5 Miles
  • Many New Developments are Occurring near the Subject Site

Investment Overview

Regency Plaza, a 9,000 square foot Office Building is in the heart of Port Orange City, Volusia County. The property is part of the Deltona–Daytona Beach–Ormond Beach metropolitan area. It sits on 1.46 acres, close to the intersection of S. Nova Rd and Isabella Ave with a traffic count of approximately 21,500 vehicles per day. S. Nova at this intersection is the major east/west commercial thoroughfare in Port Orange connecting I-95 with the Intercostal Waterway. It’s proximity to I-95 allows easy access to Daytona Beach, Orlando and South Florida. There is a high concentration of restaurants, shopping and entertainment venues within the immediate vicinity of the subject property. The building is fully leased to14 tenants with the Florida Department of Agriculture occupying space since 2008, in two consecutive suites of 480 square feet each. The Florida Department of Agriculture is an executive department of the government of Florida. A majority of the leases are Gross, which allows the new owner to add value over time by converting them to modified and net leases. Nationally recognized retailers in the immediate area include Publix Super Market, Winn-Dixie, Walmart Super Center, Dollar Tree, Big Lots, Pet Supermarket, CVS Pharmacy and many more. The subject property is located inside an office park in Port Orange, Florida, a city with a population of over 64,000 residents. Port Orange rests adjacent to Daytona, Florida and about fifty-seven miles northeast of Orlando. The Halifax Health Medical Center, an 80-bed community hospital that features a 24/7 Emergency Department is located 2 miles from the site. In addition, there are numerous retailers and restaurants nearby offering tenants plenty of options for breakfast, lunch and dinner. The Daytona Beach International Airport (DAB) is about a 20- minute drive just North of the property is. The number of aircraft operations makes DAB among Florida’s busiest airports. In recent months, DAB has been ranked as the number one busiest airport (take-offs and landings) in Florida, eclipsing Miami, Orlando and Ft. Lauderdale. According to an annual Florida Department of Transportation (FDOT) study, in 2019, DAB alone created a $2.1 billion economic impact. Embry-Riddle Aeronautical University, 8 miles from the site has recently announced plans to add an additional 10,000 square feet of production space to its rapidly expanding research park. The Daytime population is over 90,000 within five miles from the subject property and more than 92,000 households live within ten miles. The Volusia County’s unemployment rate was 5.1%, which is lower than both Florida (5.3%) and the U.S. (6.2%). Over 97,000 people live within 5-miles, the population has grown by 21% since 2000. The state’s largest current infrastructure project, known as the I-4 Ultimate Project, is expected to greatly impact the entire Interstate 4 Corridor, which runs east-west from Daytona to Tampa. This $2.3 billion project should greatly improve all metros along the route, particularly regarding regional distribution.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

MM Texture Background
MM Textured Background Lower