Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Medical Office Condo Title is generated by Realmo AI

    844 N Stone Street, Deland, FL 32720

    View on Map
    Claim this Listing
    For Sale
    $425,000

    COMMERCIAL - DeLand, FL

    Type:Office
    Property size:
    1,750 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $242/SF
    Added:
    Feb 12, 2026
    Days on Market:
    95
    Last Refresh:
    May 18 at 12:06 am

    Property Features for 844 N Stone Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking features
    Parking Lot
    Security features
    Security Lighting
    Standard status
    Active
    APN
    7009-67-00-2060
    Size
    1,750 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    9-17-30 UNIT 206 STONE STREET PROFESSIONAL CENTER CONDO PER OR 6600 PG 4153 PER OR 6640 PG 4450 PER OR 8175 PG 1381
    Tax Annual Amount
    4668

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2011
    Number of units
    1
    Flooring type
    Carpet, Tile
    Building materials
    Concrete
    Roof type
    Shingle

    We can help!

    Listing Contact
    Steve Casserly

    Listing agent Steve Casserly

    Listing office Keller Williams Realty Florida Partners 3510 S Nova Rd Suite 112, Port Orange, FL

    Listing date Feb 12, 2026

    MLS# 1223018

    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.

    HighLights

    • Turnkey medical office condo (1,750 SF) near AdventHealth DeLand, ideal for various healthcare specialties.
    • Investment opportunity: Can be delivered with a 5‑year lease at $20/SF NNN, providing stable passive income.
    • Fully built‑out layout includes reception, waiting room, two offices, three exam rooms, break room, and storage.
    • ADA‑compliant and built in 2011 with a recently installed new roof.
    • Located in a well‑maintained medical plaza with strong referral synergy and patient convenience.
    • Ample parking (56 spaces) provides excellent accessibility for patients and staff.

    Overview

    This turnkey 1,750 SF medical office condo is available for sale in DeLand. Constructed in 2011, the ADA-compliant property is situated within a well-maintained, four-unit professional medical plaza. A new roof has been recently installed. The property's location near AdventHealth DeLand and established healthcare providers creates referral synergy and patient convenience. The space is currently operating as a hearing specialty practice and is suited for dental, medical, chiropractic, therapy, or other specialty healthcare users seeking immediate occupancy. The layout includes a spacious reception area with a large waiting room, two private offices, three exam rooms, a break room/kitchen, and abundant storage. The plaza provides 56 parking spaces. The property is located in DeLand, Volusia County, Florida. It is an excellent opportunity for an owner-user looking to control occupancy costs and build long-term equity in DeLand's growing healthcare corridor. The property is also an ideal opportunity for investors, as it can be delivered with a 5-year lease in place at $20/SF NNN, providing stable, passive income with minimal landlord responsibilities.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $291.4K
    NOI $26,224 @ 9.00% cap · cautious / downside scenario
    Moderate
    $374.6K
    NOI $26,224 @ 7.00% cap · market / base-case scenario
    Aggressive
    $524.5K
    NOI $26,224 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $37.8k $21.60
    − Vacancy −$2.8k −$1.62
    EGI $35.0k $19.98
    − OpEx −$8.7k −$5.00
    NOI $26.2k $14.99
    1,750 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $374.6K
    $327.8K – $437.1K (±1% cap)
    NOI $26,224 @ 7.0% cap · market cap 6.17%
    Second Best
    Healthcare Medical
    $363.7K
    $318.2K – $424.3K (±1% cap)
    NOI $25,458 @ 7.0% cap · market cap 5.99%
    Theoretical Best
    Office A
    $516.0K
    $451.5K – $602.0K (±1% cap)
    NOI $36,120 @ 7.0% cap · market cap 8.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Jenneffer Pulapaka Physician FromtheBlade Radio Station DeLand Foot and Leg ... Medical Clinic Complete Wellness Chiropractic ... Alternative Medicine Practice James T. Rybinski, ... Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.317211
    Latitude
    29.041339

    Nearby Similar for Sale

    • $399,000
      1,503 SF

      DeLand Office with Garage/Storage

      Office in DeLand with garage/storage and expansion potential.
      1004 TALTON AVENUE, DELAND, FL 32720
      View Details
    • $539,000
      5,033 SF

      Historic Mixed-Use Property in DeLand

      Historic mixed-use property with C-2 zoning in downtown DeLand.
      228 W Howry Avenue, DeLand, FL 32720
      View Details
    • $539,000
      4,123 SF

      Historic Mixed-Use Property in DeLand

      Historic mixed-use property with cafe, apartment, and pool.
      228 W HOWRY AVENUE, DELAND, FL 32720
      View Details
    • $259,500
      2,440 SF

      DeLand Commercial Opportunity

      Versatile commercial building in DeLand, Florida, with tax advantages.
      227 W Voorhis Avenue, DeLand, FL 32720
      View Details
    • $199,999
      2,711 SF

      DeLand Mixed-Use Workshop Opportunity

      Mixed-use property with workshop, ideal for live-work or income.
      1430 E NEW YORK AVENUE, DELAND, FL 32724
      View Details
    • $340,000
      1,580 SF

      Versatile Mixed-Use Property

      Adaptable mixed-use property in DeLand, suitable for commercial or residential.
      909 W NEW YORK AVENUE, DELAND, FL 32720
      View Details
    • $324,000
      1,760 SF

      Updated Triplex Near Downtown Deland

      Vacant triplex near downtown and Stetson University, updated and ready.
      122 S GARFIELD AVENUE, DELAND, FL 32724
      View Details
    • $795,000
      3,430 SF

      DeLand Mixed-Use Corner Lot

      Mixed-use property with commercial building and residential home in DeLand.
      1030 CAMPHOR LANE, DELAND, FL 32720
      View Details
    • $319,900
      1,817 SF

      DeLand Duplex Near Downtown

      Duplex in walkable DeLand location near downtown and Stetson University.
      143 E SOUTH STREET, DELAND, FL 32724
      View Details
    • $399,000
      2,641 SF

      Income Potential Near Downtown Deland

      Two homes in one, potential income property near Stetson.
      321 W PENNSYLVANIA AVENUE, DELAND, FL 32720
      View Details
    • $1,400,000
      5,848 SF

      Deland Multifamily Investment Opportunity

      Income-producing multifamily property near Stetson University in Deland, Florida.
      830 N CLAKE STREET, DELAND, FL 32724
      View Details
    • $525,000
      3,092 SF

      DeLand Multi-Family Investment Opportunity

      Six-unit property in North DeLand with strong cash flow.
      1757 N WOODLAND BOULEVARD, DELAND, FL 32720
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 1,750 SF medical office condo in DeLand, Florida.
    Where is this medical office space located?
    The property is located at 844 N Stone Street Deland, FL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Turnkey medical office condo (1,750 SF) near AdventHealth DeLand, ideal for various healthcare specialties.; Investment opportunity: Can be delivered with a 5‑year lease at $20/SF NNN, providing stable passive income.; Fully built‑out layout includes reception, waiting room, two offices, three exam rooms, break room, and storage.
    (386) 290-9590
    We can help!
    Listing Contact
    Steve Casserly
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    844 N Stone Street, DeLand, FL 32720
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!