Cleared Agricultural Land With
For Sale
$229,000
6029 US HIGHWAY 17, De Leon Springs, FL 32130
Land, DE LEON SPRINGS, FL
Property Size2,200 SF
Lot Size3.32 Acres
Price / SF$104.09
Days on Market150
Property Features for 6029 US HIGHWAY 17
General Information
Property type
Land
Property subtype
Other
Zoning
A-1
Lot features
Buildable, Cleared, Corner Lot, Drainage Canal, In County
Elementary school
Louise S. McInnis Elem
Middle school
Southwestern Middle
High school
T. Dewitt Taylor Middle-High
Directions
Head north on Highway 17 towards Barberville. Property is on the right
Subdivision
32130 - Deleon Springs
Standard status
Active
APN
27-15-29-00-06-0030
Lot size
3.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
27-15-29 THAT PORTION OF SE 1/4 OF GOVT LOT 6 LYING NE OF US HIGHWAY 17 N & LYING W OF OAKSIDE MEADOW LN EXC DOT ROW PARCEL 112 MEAS 903.13 FT ON S/L AS DESCRIBED IN OR 7781 PG 3942 PER OR 5149 PG 4752 PER OR 5419 PG 0549 PER OR 6575 PG 0222 PER OR 6 819 P
Tax Annual Amount
1242
Legal Description
27-15-29 THAT PORTION OF SE 1/4 OF GOVT LOT 6 LYING NE OF US HIGHWAY 17 N & LYING W OF OAKSIDE MEADOW LN EXC DOT ROW PARCEL 112 MEAS 903.13 FT ON S/L AS DESCRIBED IN OR 7781 PG 3942 PER OR 5149 PG 4752 PER OR 5419 PG 0549 PER OR 6575 PG 0222 PER OR 6 819 P
Utilities
Utilities
Electricity Available
Sewer type
Septic Needed
Water source
Well Needed
Building Details
Additional Structures
Workshop
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Elvira Hanna · License #3205955
(386) 785-7735
Added: Apr 2
Changed: Aug 19
Last Checked: Aug 29 at 10:06PM
MLS# V4948304
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 3.32-acre agricultural property is cleared and includes a 2,200-square-foot aluminum building on a concrete slab. The structure has two large bay doors and three additional smaller bay doors, providing enclosed space for equipment or storage. A second concrete pad adds another improved area, while two ponds contribute distinct site features.
Located at 6029 US Highway 17 in De Leon Springs, the property is zoned A-1. Electricity is available, while a well and septic system are needed. The site is described as suitable for a future home or manufactured or modular home, with room for animals, recreational vehicles, and outdoor activities.
Located at 6029 US Highway 17 in De Leon Springs, the property is zoned A-1. Electricity is available, while a well and septic system are needed. The site is described as suitable for a future home or manufactured or modular home, with room for animals, recreational vehicles, and outdoor activities.
Key Highlights
- 3.32‑acre cleared agricultural parcel at 6029 US Highway 17, De Leon Springs, FL 32130
- 2,200‑square‑foot aluminum building on a solid concrete slab
- Two large bay doors plus three additional smaller bay doors
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
$17,694
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
7.73%
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%
$353,880
$353.9K
Cap Rate 7%
$252,771
$252.8K
Cap Rate 9%
$196,600
$196.6K
Market Conditions
NOI Build-Up for 2,200 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
$21.9K $9.96/SF
− Vacancy
−$1.1K −$0.50/SF
EGI
$20.8K $9.46/SF
− OpEx
−$3.1K −$1.42/SF
NOI
$17.7K $8.04/SF
Area
Volusia County, FL
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
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%
$353,880
Cap Rate 7%
$252,771
Cap Rate 9%
$196,600
Alternative Uses
Best Use
Warehouse
$252.8K
$221.2K – $294.9K
NOI $17,694 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$648.7K
$567.6K – $756.8K
NOI $45,408 @ 7.0% cap · market cap 19.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 32130, FL
5,485
Population
2,082
Households
2.6
Avg Household Size
45
Median Age
23%
College-Educated
89%
High-School Grad
94.6 sq mi
ZIP Area
58
Density / Sq Mi
$59,288
Median Household Income
$35,647
Median Earnings
$1,181
Median Rent
$269,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - A-1 agricultural land with an existing utility building, ponds, and electricity available.
Where is this agricultural land / farmland located?
The property is located at 6029 US HIGHWAY 17 De Leon Springs, FL.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 3.32‑acre cleared agricultural parcel at 6029 US Highway 17, De Leon Springs, FL 32130; 2,200‑square‑foot aluminum building on a solid concrete slab; Two large bay doors plus three additional smaller bay doors
