Office Building with Detached
For Sale
$399,000
1004 TALTON Avenue, Deland, FL 32720
SINGLE_FAMILY - DELAND, FL
Property Size1,503 SF
Lot Size0.34 Acres
Price / SF$265.47
Days on Market95
Property Features for 1004 TALTON Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning
01B4
Parking features
RV
Window features
Wood Frames, Blinds
Accessibility
Accessible Approach with Ramp
Appliances
Refrigerator
Subdivision
WESTWOOD
Lot features
Oversized Lot, Sidewalk
Directions
Spring Garden Ave to West on W. Talton Ave., subject on the Left. Just behind Sunny's Wine & Liquor Store.
Standard status
Active
APN
7018-14-03-0080
Size
1,503 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
18-17-30 LOTS 8 & 77 BLK C WESTWOOD MB 6 PG 160 PER OR 4066 PG 3946 PER OR 7210 PGS 3142-3143 PER OR 7438 PG 4966 PER OR 7892 PG 3087 PER OR 8062 PG 2990 PER OR 8232 PG 2191 PER OR 8317 PGS 0340-0341 PER OR 8458 PG 1124
Tax Annual Amount
3341
Legal Description
18-17-30 LOTS 8 & 77 BLK C WESTWOOD MB 6 PG 160 PER OR 4066 PG 3946 PER OR 7210 PGS 3142-3143 PER OR 7438 PG 4966 PER OR 7892 PG 3087 PER OR 8062 PG 2990 PER OR 8232 PG 2191 PER OR 8317 PGS 0340-0341 PER OR 8458 PG 1124
Utilities
Utilities
Phone Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1937
Floors in Building
2
Building materials
Frame, Wood Siding
Roof type
Metal
Listing Agency:
ADAMS, CAMERON & CO., REALTORS
(386) 738-1920
Listed By:
Mary Ann Brawner · License #204242
(386) 804-2800
Added: May 10
Changed: Aug 6
Last Checked: Aug 12 at 10:06AM
MLS# V4949039
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.
Office units featuring a professional/commercial layout with a reception area, two private offices, one full bath, and a kitchen, plus an enclosed entrance porch that opens to the main area with a fireplace. There is semi-finished upstairs space that can support living quarters, office expansion, or additional storage.
The property sits on a unique street-to-street lot a few hundred feet off high-traffic 15-A (Spring Garden Ave.), with access to two street entrances and B-4 zoning. The lot is well-suited for contractors, service businesses, landscapers, or companies needing secure work vehicle and equipment parking.
A 30x24 detached garage/storage building includes electric service and two roll-up garage doors, and the property has public water with a septic system. Central heating and central air serve the space, and the home has a metal roof and frame construction with wood siding. Accessibility includes an accessible approach with a ramp, and RV parking is available.
The property sits on a unique street-to-street lot a few hundred feet off high-traffic 15-A (Spring Garden Ave.), with access to two street entrances and B-4 zoning. The lot is well-suited for contractors, service businesses, landscapers, or companies needing secure work vehicle and equipment parking.
A 30x24 detached garage/storage building includes electric service and two roll-up garage doors, and the property has public water with a septic system. Central heating and central air serve the space, and the home has a metal roof and frame construction with wood siding. Accessibility includes an accessible approach with a ramp, and RV parking is available.
Key Highlights
- B‑4 zoning with access to two street entrances on a street‑to‑street lot
- 30x24 detached garage/storage with electric service and two roll‑up garage doors
- Reception area plus two private offices, full bath, and kitchen
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
$22,522
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
5.64%
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%
$450,440
$450.4K
Cap Rate 7%
$321,743
$321.7K
Cap Rate 9%
$250,244
$250.2K
Market Conditions
NOI Build-Up for 1,503 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
$32.5K $21.60/SF
− Vacancy
−$2.4K −$1.62/SF
EGI
$30.0K $19.98/SF
− OpEx
−$7.5K −$5.00/SF
NOI
$22.5K $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%
$450,440
Cap Rate 7%
$321,743
Cap Rate 9%
$250,244
Alternative Uses
Best Use
Office B
$321.7K
$281.5K – $375.4K
NOI $22,522 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$443.2K
$387.8K – $517.0K
NOI $31,022 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
442
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
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Frequently Asked Questions
What type of property is this?
Office units - Office space with B-4 zoning, access to two street entrances, and a detached 30x24 garage with roll-up doors.
Where is this office units located?
The property is located at 1004 TALTON Avenue Deland, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: B‑4 zoning with access to two street entrances on a street‑to‑street lot; 30x24 detached garage/storage with electric service and two roll‑up garage doors; Reception area plus two private offices, full bath, and kitchen
