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    The Largest CRE Database in the US with Over 1 Million Listings

    1006 S Clara Ave Deland, FL 32720

    Sponsored
    For Sale
    $795,000

    MULTI_FAMILY - DeLand, FL

    Property size:
    3,885 SF
    Lot size:
    0.64 Acres
    Days on Market:
    55
    Last Refresh:
    Jan 26 at 9:06 pm

    Property Features for 1006 S Clara Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 9, Bathroom 7, Bedroom 13, Bathroom 3, Bedroom 6, Bedroom 10, Bathroom 2, Bedroom 1, Bathroom 5, Bedroom 11, Bathroom 6, Bedroom 3, Bathroom 1, Bedroom 8, Bedroom 2, Bedroom 14, Bedroom 7, Bedroom 12, Bedroom 4, Bedroom 5, Bathroom 4
    Bedrooms
    14
    Bathrooms
    7
    APN
    7020-08-00-0630
    Parking
    14
    Parking features
    Off Street
    Fencing
    Chain Link
    Appliances
    Refrigerator, Electric Water Heater, Electric Range, Electric Oven
    Size
    3,885 SF
    Lot size
    0.64 Acres

    Utilities

    Sewer type
    Septic Tank, Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1956
    Floors in Building
    1
    Number of units
    7
    Flooring type
    Vinyl, Tile
    Building materials
    Block
    Roof type
    Shingle

    We can help!

    Listing Contact
    Chris DiNardo

    DiNardo Property Mgmt & Real Estate (386) 492-7837

    Listing agent Chris DiNardo (386) 492-7837

    Listing date Dec 3, 2025

    MLS# 1215283 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Investment Opportunity in DeLand

    This investment opportunity features seven fully leased single-family homes and a vacant lot. The side-by-side homes each have 2 bedrooms and 1 bathroom. All homes have been updated with numerous upgrades. Constructed of durable block, all homes feature new roofs. Tile and vinyl flooring are installed, and newer water heaters are in place. All homes are connected to city sewer. Almost all homes feature new HVAC systems. Each home has separate water and power meters, with tenants covering their own utilities. The units include spacious backyards and convenient off-street parking. The property is located in DeLand, Florida, in Volusia County. The total property size is 3885 square feet, situated on a 0.64-acre lot. This well-maintained portfolio offers immediate cash flow with stable tenants. The adjacent vacant lot provides additional development potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.307267
    Latitude
    29.011408

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    FAQs

    What type of property is this?
    Single family property - Seven single-family homes and a vacant lot for sale.
    Where is this single family property located?
    The property is located at 1006 S Clara Ave Deland, FL.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Turnkey investment package: 7 fully leased single-family homes offer immediate cash flow with stable tenants.; - Includes adjacent vacant lot: Offers additional development potential.; - New roofs on all homes: Ensures long-term durability.
    (386) 492-7837
    Request Owner's contact information
    1006 S Clara Ave Deland, FL 32720
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    Deland, FL 32720
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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
    1006 S Clara Ave Deland, FL 32720
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    We can help!
    Listing Contact
    Chris DiNardo
    (386) 492-7837
    Learn more
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