Flex Property with Separate
For Sale
$399,000
1004 W Talton Avenue, Deland, FL 32720
COMMERCIAL - DeLand, FL
Property Size1,503 SF
Lot Size0.33 Acres
Price / SF$265.47
Days on Market92
Property Features for 1004 W Talton Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Garage, Open
Fencing
Cross Fenced, Chain Link
Directions
W on International Speedway S on Spring Garden Ave (15A) W on Talton Ave W on Hwy 44 S on Spring Garden Ave (15A) W on Talton Ave
Subdivision
92 - Deland
Standard status
Active
APN
7018-14-03-0080
Size
1,503 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
18-17-30 LOTS 8 & 77 BLK C WESTWOOD MB 6 PG 160 PER OR 4066 PG 3946 PER OR 7210 PGS 3142-3143 PER OR 7438 PG 4966 PER OR 7892 PG 3087 PER OR 8062 PG 2990 PER OR 8232 PG 2191 PER OR 8317 PGS 0340-0341 PER OR 8458 PG 1124
Tax Annual Amount
3341
Legal Description
18-17-30 LOTS 8 & 77 BLK C WESTWOOD MB 6 PG 160 PER OR 4066 PG 3946 PER OR 7210 PGS 3142-3143 PER OR 7438 PG 4966 PER OR 7892 PG 3087 PER OR 8062 PG 2990 PER OR 8232 PG 2191 PER OR 8317 PGS 0340-0341 PER OR 8458 PG 1124
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
enclosed front porch
reception area
private offices
full bathroom
kitchen
partially finished upstairs
Building Details
Year built
1937
Floors in Building
2
Flooring type
Wood, Tile
Building materials
Wood Siding
Roof type
Metal
Listing Agency:
Adams, Cameron & Co., Realtors
(386) 761-6100
Listed By:
Mary Ann Brawner · License #204242
(386) 804-2800
Added: May 13
Changed: Aug 4
Last Checked: Aug 12 at 3:06AM
MLS# 1226390
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,503-square-foot flex property sits on a 0.33-acre B-4-zoned lot connecting two streets. The primary building includes an enclosed front porch, reception area, two private offices, a full bathroom, kitchen, wood and tile flooring, central cooling, and electric heating. A partially finished upper level provides additional interior area for office, storage, or other supported uses.
A separate 9 x 7 meter warehouse or garage expands the property's utility for inventory, tools, or equipment. The outbuilding has electrical wiring and two roll-up doors, while the fenced lot provides open and garage parking. The property is served by public water and a septic tank and has a metal roof. It is located in DeLand near Highway 15-A, also known as Spring Garden Avenue.
A separate 9 x 7 meter warehouse or garage expands the property's utility for inventory, tools, or equipment. The outbuilding has electrical wiring and two roll-up doors, while the fenced lot provides open and garage parking. The property is served by public water and a septic tank and has a metal roof. It is located in DeLand near Highway 15-A, also known as Spring Garden Avenue.
Key Highlights
- 1,503 SF flex property on a 0.33‑acre lot
- B‑4 zoning with connections to two streets and two separate entrances
- Primary building includes reception, two private offices, kitchen, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,522
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$450,440
$450.4K
Cap Rate 7%
$321,743
$321.7K
Cap Rate 9%
$250,244
$250.2K
Market Conditions
NOI Build-Up for 1,503 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.5K $21.60/SF
− Vacancy
−$2.4K −$1.62/SF
EGI
$30.0K $19.98/SF
− OpEx
−$7.5K −$5.00/SF
NOI
$22.5K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$450,440
Cap Rate 7%
$321,743
Cap Rate 9%
$250,244
Alternative Uses
Best Use
Office B
$321.7K
$281.5K – $375.4K
NOI $22,522 @ 7.0% cap · market cap 5.64%
Second Best
Flex RnD
$242.1K
$211.9K – $282.5K
NOI $16,949 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$443.2K
$387.8K – $517.0K
NOI $31,022 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32720, FL
33,568
Population
13,962
Households
2.4
Avg Household Size
45
Median Age
24%
College-Educated
88%
High-School Grad
66.3 sq mi
ZIP Area
506
Density / Sq Mi
$67,512
Median Household Income
$39,159
Median Earnings
$1,177
Median Rent
$280,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - B-4-zoned flex property with office space, secure vehicle parking, and a separately accessed warehouse or garage.
Where is this flex space located?
The property is located at 1004 W Talton Avenue Deland, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,503 SF flex property on a 0.33‑acre lot; B‑4 zoning with connections to two streets and two separate entrances; Primary building includes reception, two private offices, kitchen, and full bathroom
