Commercial Sale · Mixed Use
123 W RHODE ISLAND AVENUE, ORANGE CITY, FL, 32763
Active67 days on marketListed Jun 8, 2026MLS #O6414974
About this property
The property at a glance
Exceptional opportunity to acquire a 2.25-acre commercial campus in the heart of Orange City. The property features four buildings totaling approximately 6,060 SF and offers a rare combination of investment income and owner-user flexibility. Currently generating approximately $9,200 month in rental income, with one tenant's lease nearing expiration, creating the opportunity for an owner-occupant to immediately utilize the front two buildings totaling approximately 2,500 SF while continuing to collect income from the remaining tenants. The property offers ample parking, excellent visibility, and convenient access to major thoroughfares including Volusia Avenue (US 17-92). Ideal for professional offices, medical, educational, religious, nonprofit, training facilities, or a variety of commercial uses. The expansive 2.25-acre site also provides room for future expansion and redevelopment opportunities. A unique chance to secure an income-producing asset with immediate upside and owner-user potential.
7,146
Building sq ft
$189
Price / sq ft
2.5
Lot acres
1967
Year built
2
Buildings
R-4
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
6.9%
Cap rate
$93,324
Net operating income
$110,400
Gross income (yr)
Estimated payment (illustrative)
Estimated payment
$6,523/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Moe to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
25,667
Population
$64,022
Median income
44.8
Median age
2.31
Avg household
$239,700
Median home value
$1,449/mo
Median rent
2,763
Households w/ kids
Recent sales
What actually sold near 123 W RHODE ISLAND AVENUE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$2,800,000
15 RUCKERT CIRCLE
7,031 sqft · $398/sqft · Sold Jul 21, 2026
$440,000
201 & 211 S VOLUSIA AVENUE
7,554 sqft · $58/sqft · Sold Mar 7, 2025
$675,000
92 U.S. 17-92
4,089 sqft · $165/sqft · Sold Feb 18, 2025
Your team
The pros in your corner
Your agent
Moe Thouk Oo
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 123 W RHODE ISLAND AVENUE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 123 W RHODE ISLAND AVENUE.
See it in person
Schedule a tour
Live availability from Moe's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of PRIMEFIT PROPERTIES LLC · Nick Vaseloff. MLS #O6414974.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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