Flex Space with Fenced
For Sale
$644,900
1319 S WOODLAND Boulevard, Deland, FL 32720
SINGLE_FAMILY - DELAND, FL
Property Size3,394 SF
Lot Size0.60 Acres
Price / SF$190.01
Days on Market591
Property Features for 1319 S WOODLAND Boulevard
General Information
Property type
Residential
Property subtype
Retail
Zoning
05C2
Subdivision
BOULEVARD HIGHLANDS 21-17-30
Directions
Upon entering DeLand From the south end of town travel north on Woodland Blvd 17-92. Travel approx 3 miles north of 15A/Taylor Rd. The Property on the right hand side next to Captain D's restaurant at the corner of Woodland Blvd and Gilbert Street
Standard status
Active
APN
7021-05-00-0070
Size
3,394 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
21 17 30 E 21.8 FT OF S 10 FT OF LOT 6 & E 21.8 FT OF LOTS 7 TO 11 INC & LOTS 12 TO 17 INC & W 15 FT OF LOT 18 BLVD HIGHLANDS MB 10 PG 121 PER OR 1743 PG 1707 PER OR 6907 PG 3334
Tax Annual Amount
3976
Legal Description
21 17 30 E 21.8 FT OF S 10 FT OF LOT 6 & E 21.8 FT OF LOTS 7 TO 11 INC & LOTS 12 TO 17 INC & W 15 FT OF LOT 18 BLVD HIGHLANDS MB 10 PG 121 PER OR 1743 PG 1707 PER OR 6907 PG 3334
Utilities
Sewer type
Septic Tank
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Well
Building Details
Year built
1952
Flooring type
Tile - Ceramic
Building materials
Block
Listing Agency:
KEMP REALTY GROUP
(386) 801-4276
Listed By:
Maureen Kemp · License #510089
(386) 801-4276
Added: Dec 29, 2024
Changed: Aug 3
Last Checked: Aug 12 at 12:06AM
MLS# V4939472
Copyright © 2026 Stellar MLS. 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 flex space features a fully fenced corner lot with three separate buildings arranged within a secure compound. The property is zoned C2 and totals 3,394 SF on a 0.6-acre lot. One building accommodates two tenants and includes customer parking. The other two buildings consist of a large dual warehouse with a carport attached, plus an auxiliary studio building that works as a small office and includes one full bath. The studio also has a connecting carport.
Vehicular access is designed for efficient movement, with two large gates providing ingress and egress through a circular pattern. The buildings are constructed with block, with ceramic tile flooring, and cooling provided by window and wall/window unit(s).
Services include a well water source and a septic tank sewer system. The property was built in 1952.
Vehicular access is designed for efficient movement, with two large gates providing ingress and egress through a circular pattern. The buildings are constructed with block, with ceramic tile flooring, and cooling provided by window and wall/window unit(s).
Services include a well water source and a septic tank sewer system. The property was built in 1952.
Key Highlights
- 0.6‑acre corner lot with three separate buildings in a fully fenced compound
- 3,394 SF flex space zoned C2
- One building accommodates two tenants with customer parking
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
$50,859
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
7.89%
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%
$1,017,180
$1.0M
Cap Rate 7%
$726,557
$726.6K
Cap Rate 9%
$565,100
$565.1K
Market Conditions
NOI Build-Up for 3,394 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
$73.3K $21.60/SF
− Vacancy
−$5.5K −$1.62/SF
EGI
$67.8K $19.98/SF
− OpEx
−$17.0K −$5.00/SF
NOI
$50.9K $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%
$1,017,180
Cap Rate 7%
$726,557
Cap Rate 9%
$565,100
Alternative Uses
Best Use
Office B
$726.6K
$635.7K – $847.7K
NOI $50,859 @ 7.0% cap · market cap 7.89%
Second Best
Flex RnD
$546.7K
$478.4K – $637.9K
NOI $38,272 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$1.00M
$875.7K – $1.17M
NOI $70,052 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
425
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
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space on a fully fenced corner lot with three buildings, C2 zoning, and parking with two large gated entrances.
Where is this flex space located?
The property is located at 1319 S WOODLAND Boulevard Deland, FL.
What is the asking price?
The asking price for this property is $644,900.
What are key features of this property?
This property features: 0.6‑acre corner lot with three separate buildings in a fully fenced compound; 3,394 SF flex space zoned C2; One building accommodates two tenants with customer parking
