Fenced Flex Space
For Sale
$644,900
1319 S WOODLAND Boulevard, Deland, FL 32720
Commercial Sale, DELAND, FL
Property Size3,394 SF
Lot Size0.60 Acres
Price / SF$190.01
Days on Market636
Property Features for 1319 S WOODLAND Boulevard
General Information
Property type
Commercial Sale
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
Listed By:
Maureen Kemp · License #510089
(386) 801-4276
Added: Dec 29, 2024
Changed: Aug 24
Last Checked: Sep 26 at 5:06PM
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 DeLand flex property comprises three separate buildings on a 0.6-acre corner lot. The improvements total 3,394 square feet and include a building occupied by two tenants, a dual warehouse with an attached carport, and a studio-style auxiliary building with office utility and one full bathroom. The site was built in 1952, with block construction, ceramic tile flooring, and window or wall/window cooling.
A fully fenced layout provides enclosed space for vehicles and materials. Two large gates support movement through the property, with a circular traffic pattern connecting ingress and egress. The address is on S Woodland Boulevard in DeLand, Florida. Water is supplied by a well, and wastewater service is provided by a septic tank.
A fully fenced layout provides enclosed space for vehicles and materials. Two large gates support movement through the property, with a circular traffic pattern connecting ingress and egress. The address is on S Woodland Boulevard in DeLand, Florida. Water is supplied by a well, and wastewater service is provided by a septic tank.
Key Highlights
- 3,394‑square‑foot flex property on a 0.6‑acre corner lot
- Three separate buildings, including a dual warehouse and auxiliary studio
- One building is occupied by two tenants
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
$38,272
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
5.93%
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%
$765,440
$765.4K
Cap Rate 7%
$546,743
$546.7K
Cap Rate 9%
$425,244
$425.2K
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
$64.4K $18.96/SF
− Vacancy
−$5.5K −$1.61/SF
EGI
$58.9K $17.35/SF
− OpEx
−$20.6K −$6.07/SF
NOI
$38.3K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
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%
$765,440
Cap Rate 7%
$546,743
Cap Rate 9%
$425,244
Alternative Uses
Best Use
Flex RnD
$546.7K
$478.4K – $637.9K
NOI $38,272 @ 7.0% cap · market cap 5.93%
Second Best
Retail
$456.7K
$399.6K – $532.8K
NOI $31,966 @ 7.0% cap · market cap 4.96%
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
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
379
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Three-building property combines warehouse, office, tenant, and customer parking areas within a secured site.
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: 3,394‑square‑foot flex property on a 0.6‑acre corner lot; Three separate buildings, including a dual warehouse and auxiliary studio; One building is occupied by two tenants
