Medical Office with Exam
For Sale
$450,000
800 N STONE Street, Deland, FL 32720
Commercial Sale, DELAND, FL
Property Size1,786 SF
Lot Size0.32 Acres
Price / SF$251.96
Days on Market75
Property Features for 800 N STONE Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
05P1
Accessibility
Accessible Approach with Ramp
Subdivision
ROGERS DELAND
Lot features
City Limits
Directions
From downtown Deland go North on Woodland Blvd (Hwy 17) turn west on Plymouth Ave, Turn south on Stone, Building on right.
Standard status
Active
APN
7009-01-37-0017
Size
1,786 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E 125 FT OF SE 1/4 BLK 61 ROGER'S DELAND MB 2 PG 45 PER OR 1940 PG 957 EXC N 200 FT PER OR 4995 PG 2609
Tax Annual Amount
3520
Legal Description
E 125 FT OF SE 1/4 BLK 61 ROGER'S DELAND MB 2 PG 45 PER OR 1940 PG 957 EXC N 200 FT PER OR 4995 PG 2609
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Water source
Public
Building Details
Year built
1987
Flooring type
Vinyl
Building materials
Cement Siding, Frame
Roof type
Shingle
Listing Agency:
CHARLES RUTENBERG REALTY ORLANDO
(407) 622-2122
Listed By:
Terry Bailey · License #0682718
(386) 801-9300
Added: Jun 21
Changed: Aug 24
Last Checked: Sep 3 at 9:06AM
MLS# V4949772
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 1,786-square-foot medical office on a 0.32-acre parcel was built in 1987 and is arranged for clinical and administrative functions. The interior includes a reception area, waiting room, three exam rooms, three private offices, a work and supply room, break room, two ADA bathrooms, and an additional half bath. Vinyl plank flooring runs throughout, with two HVAC systems, a tankless water heater, a 2026 new forced-air system, and one mini-split. The property also has a new roof, exterior paint, full-building gutters, ramp access, and shingle roofing.
The building is at 800 N STONE Street in DeLand, Florida, near Advent Hospital. Parking includes two handicap spaces, at least four additional spaces, and additional parking behind the building. Public water and public sewer serve the property, with electricity available. Zoning is 05P1, and the current lease runs through August 15, 2026.
The building is at 800 N STONE Street in DeLand, Florida, near Advent Hospital. Parking includes two handicap spaces, at least four additional spaces, and additional parking behind the building. Public water and public sewer serve the property, with electricity available. Zoning is 05P1, and the current lease runs through August 15, 2026.
Key Highlights
- 1,786 SF medical office on a 0.32‑acre parcel
- Three exam rooms, three private offices, reception, waiting, and work/supply areas
- Two ADA bathrooms, ramp access, and 2 handicap parking spaces
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
$26,763
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
5.95%
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%
$535,260
$535.3K
Cap Rate 7%
$382,329
$382.3K
Cap Rate 9%
$297,367
$297.4K
Market Conditions
NOI Build-Up for 1,786 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
$38.6K $21.60/SF
− Vacancy
−$2.9K −$1.62/SF
EGI
$35.7K $19.98/SF
− OpEx
−$8.9K −$5.00/SF
NOI
$26.8K $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%
$535,260
Cap Rate 7%
$382,329
Cap Rate 9%
$297,367
Alternative Uses
Best Use
Office B
$382.3K
$334.5K – $446.1K
NOI $26,763 @ 7.0% cap · market cap 5.95%
Second Best
Healthcare Medical
$371.2K
$324.8K – $433.0K
NOI $25,982 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$526.6K
$460.8K – $614.4K
NOI $36,863 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
966
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?
Medical Office Space - Leased through August 15, 2026, the facility includes accessible patient accommodations and dedicated parking.
Where is this medical office space located?
The property is located at 800 N STONE Street Deland, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,786 SF medical office on a 0.32‑acre parcel; Three exam rooms, three private offices, reception, waiting, and work/supply areas; Two ADA bathrooms, ramp access, and 2 handicap parking spaces
