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123 W Rhode Island Ave 6,060 SF 59% Leased Retail Building Orange City, FL 32763 $1,901,448 CAD ($313.77 CAD/SF) 6.91% Cap Rate
Investment Highlights
- Income-Producing Commercial Campus
- 2.25 Acres with Future Potential
- Owner-User Opportunity
- Road Frontage
Executive Summary
Position your business for success while benefiting from existing rental income at this versatile 2.25-acre commercial campus in Orange City.
The property consists of four buildings totaling approximately 6,060 SF and is currently generating approximately $9,200 per month in rental revenue. With one tenant's lease nearing expiration, a purchaser can occupy the front two buildings totaling approximately 2,500 SF while retaining income from the remaining leased space.
The layout, parking, and site size make this property ideal for a wide variety of commercial applications including:
Professional Offices
Medical Offices
Educational Facilities
Daycare Operations
Religious Organizations
Training Centers
Nonprofit Headquarters
Service-Based Businesses
Located just minutes from Volusia Avenue (US 17-92), the property benefits from strong accessibility, visibility, and future growth throughout the Orange City market.
A rare blend of immediate cash flow, owner-user flexibility, and long-term development potential.
The property consists of four buildings totaling approximately 6,060 SF and is currently generating approximately $9,200 per month in rental revenue. With one tenant's lease nearing expiration, a purchaser can occupy the front two buildings totaling approximately 2,500 SF while retaining income from the remaining leased space.
The layout, parking, and site size make this property ideal for a wide variety of commercial applications including:
Professional Offices
Medical Offices
Educational Facilities
Daycare Operations
Religious Organizations
Training Centers
Nonprofit Headquarters
Service-Based Businesses
Located just minutes from Volusia Avenue (US 17-92), the property benefits from strong accessibility, visibility, and future growth throughout the Orange City market.
A rare blend of immediate cash flow, owner-user flexibility, and long-term development potential.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,060 SF
Building Class
B
Year Built/Renovated
1967/2025
Price
$1,901,448 CAD
Price Per SF
$313.77 CAD
Cap Rate
6.91%
NOI
$131,445 CAD
Percent Leased
59%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
2.25 AC
Zoning
CG-2 - CG-2 allows for a multitude of various office/medical/retail uses along with things like govt buildings, banking, and more.
Parking
35 Spaces (5.78 Spaces per 1,000 SF Leased)
Frontage
221’ on West Rhode Island Avenue
Amenities
- Conferencing Facility
- Corner Lot
- Freeway Visibility
- Security System
- Signage
- Storage Space
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8011-08-30-0221 | Total Assessment | $300,608 CAD (2026) |
| Land Assessment | $0 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
8011-08-30-0221
Land Assessment
$0 CAD (2026)
Improvements Assessment
$0 CAD (2026)
Total Assessment
$300,608 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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123 W Rhode Island Ave
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