Freestanding Office
For Sale
$585,000
824 W New York Avenue, Deland, FL 32720
Commercial Sale, DeLand, FL
Property Size2,807 SF
Lot Size0.29 Acres
Price / SF$208.41
Days on Market530
Property Features for 824 W New York Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
Head west on New York Ave from the intersection with N Woodland Blvd.
Subdivision
92 - Deland
Standard status
Active
APN
7017-02-05-0040
Size
2,807 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 4 BLK E STETSON HOME ESTATES DELAND MB 10 PG 79 PER OR 4332 PG 3843 PER OR 6413 PGS 0190-0191
Tax Annual Amount
2420
Legal Description
LOT 4 BLK E STETSON HOME ESTATES DELAND MB 10 PG 79 PER OR 4332 PG 3843 PER OR 6413 PGS 0190-0191
Building Details
Year built
1926
Listing Agency:
Beycome of Florida LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Added: Mar 17, 2025
Changed: Aug 20
Last Checked: Aug 28 at 5:06AM
MLS# 1210837
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.
Investment Insights
Based on property information with market context.
This freestanding office property contains 2,807 square feet on a 0.29-acre parcel. Built in 1926, the building offers an established commercial setting with a standalone configuration and on-site parking.
The property is located at 824 W New York Avenue in DeLand, Florida, within the 32720 postal area. Its address places the asset in Volusia County and provides a clearly identified location for office users seeking a DeLand property.
The property is located at 824 W New York Avenue in DeLand, Florida, within the 32720 postal area. Its address places the asset in Volusia County and provides a clearly identified location for office users seeking a DeLand property.
Key Highlights
- 2,807‑square‑foot office building
- 0.29‑acre commercial parcel
- Built in 1926
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
$42,063
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
7.19%
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%
$841,260
$841.3K
Cap Rate 7%
$600,900
$600.9K
Cap Rate 9%
$467,367
$467.4K
Market Conditions
NOI Build-Up for 2,807 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
$60.6K $21.60/SF
− Vacancy
−$4.5K −$1.62/SF
EGI
$56.1K $19.98/SF
− OpEx
−$14.0K −$5.00/SF
NOI
$42.1K $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%
$841,260
Cap Rate 7%
$600,900
Cap Rate 9%
$467,367
Alternative Uses
Best Use
Office B
$600.9K
$525.8K – $701.1K
NOI $42,063 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$827.7K
$724.2K – $965.6K
NOI $57,936 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Established office property with on-site parking and a standalone commercial layout.
Where is this office building located?
The property is located at 824 W New York Avenue Deland, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 2,807‑square‑foot office building; 0.29‑acre commercial parcel; Built in 1926
