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    579 Johnson Lake Road De Leon Springs, FL 32130

    View on Map
    For Sale
    $1,600,000

    COMMERCIAL - DeLeon Springs, FL

    Property size:
    3,564 SF
    Lot size:
    13.00 Acres
    Added:
    Jul 25, 2025
    Days on Market:
    255
    Last Refresh:
    Apr 5 at 7:06 pm

    Property Features for 579 Johnson Lake Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Carport
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    593601000010
    Size
    3,564 SF
    Lot size
    13.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    36-15-29 E 420 FT LOT 1 & E 417 FT OF LOT 8 N OF JOHNSON LAKE RD ODOMS SUB W 1/2 MB 1 PG 109 PER OR 3381 PG 1777 PER OR 5941 PGS 2261-2262 PER OR 5987 PG 3059 PER OR 7158 PG 1669 PER OR 7249 PG 4015 PER OR 7258 PG 1953 PER OR 7404 PG 3083
    Tax Annual Amount
    4857

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central, Heat Pump (Heating)
    Cooling system
    Ceiling Fan(s), Central Air
    Water source
    Well
    Water front features
    Lake Front
    Water front
    1

    Building Details

    Year built
    1952
    Floors in Building
    1
    Flooring type
    Tile, Laminate
    Building materials
    Block, Brick Veneer
    Roof type
    Metal

    We can help!

    Listing Contact
    Victor Bugariu

    Listing agent Victor Bugariu

    Listing office Diversified Realty 1804 Turnbull Lakes Drive, Holly Hill, FL

    Listing date Jul 25, 2025

    MLS# 1215999

    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.

    Overview

    Turn-Key Assisted Living Facility

    This established, turn-key 10-bed assisted living facility is situated in Central Florida on a 13-acre estate. The property is fully landscaped with mature mossy oaks and features a spring-fed lake. The location offers a serene setting with proximity to DeLeon Springs State Park, the city of DeLand, and Sanford International Airport. The facility has an active license with the Agency of Healthcare Administration and is licensed to accommodate a total of 15 full-time residents, offering the option to build an additional 5-bed facility. Upgrades completed in 2020 include a new roof, a fully remodeled interior with 7 ADA-compliant bathrooms, a 50-year pinewood deck, electrical and HVAC systems, ductwork, a full-facility Generac generator with a 500-gallon propane tank, a water treatment system, septic, and sprinkler systems. The property is 3564 square feet. The business includes residency agreements, active licensing, nursing staff, and an experienced administrator. A referral base, marketing materials, brochures, and social media platforms are in place to support continued business growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Freedom Oaks Nursing Home

    Suggested Use

    Real Estate Agency Building Supply Food Market HVAC Service Veterinary Clinic Pet Store Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    De Leon Springs
    County
    Volusia
    State
    Florida
    Longitude
    -81.35345
    Latitude
    29.15725

    FAQs

    What type of property is this?
    Assisted living facility - Established assisted living facility on a 13-acre estate.
    Where is this assisted living facility located?
    The property is located at 579 Johnson Lake Road De Leon Springs, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Turn‑key, licensed 10‑bed assisted living facility with option to expand to 15 beds.; **Fully renovated in 2020**: new roof, interior, ADA compliant bathrooms, deck, electrical, HVAC, generator, water treatment, septic, and sprinklers.; Picturesque 13‑acre estate with lake, mature trees, and serene natural setting.
    (386) 222-1000
    We can help!
    Listing Contact
    Victor Bugariu
    Learn More
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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
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