Office Building with Detached
For Sale
$399,000
1004 TALTON Avenue, Deland, FL 32720
Commercial Sale, DELAND, FL
Property Size1,503 SF
Lot Size0.34 Acres
Price / SF$265.47
Days on Market140
Property Features for 1004 TALTON Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
01B4
Parking features
RV
Window features
Blinds, Wood Frames
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: Sep 12
Last Checked: Sep 26 at 4:06PM
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.
This office property at 1004 Talton Avenue includes 1,503 square feet of building area on a 0.34-acre lot. The main level provides an enclosed entry porch, reception area, two private offices, one full bathroom, kitchen, fireplace, central heating, and central air. An unfinished upper floor adds space for office expansion, storage, or living quarters. A detached 30-by-24-foot garage and storage building includes two roll-up doors and electric service.
The property is located in DeLand, a few hundred feet from 15-A, also identified as Spring Garden Avenue. Its street-to-street configuration provides access from two entrances. Public water and a septic system serve the property, while the site also includes RV parking, a metal roof, and an accessible approach with ramp. The property is positioned for contractors, service businesses, landscapers, or companies requiring work vehicle and equipment parking.
The property is located in DeLand, a few hundred feet from 15-A, also identified as Spring Garden Avenue. Its street-to-street configuration provides access from two entrances. Public water and a septic system serve the property, while the site also includes RV parking, a metal roof, and an accessible approach with ramp. The property is positioned for contractors, service businesses, landscapers, or companies requiring work vehicle and equipment parking.
Key Highlights
- 1,503‑square‑foot office building on a 0.34‑acre lot
- Commercial layout with reception area, two private offices, kitchen, full bath, and fireplace
- 30‑by‑24‑foot detached garage and storage building
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
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Current Use
Lease Details
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 building - Professional office layout with two private offices, a kitchen, reception area, and additional unfinished upper-level space.
Where is this office building 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: 1,503‑square‑foot office building on a 0.34‑acre lot; Commercial layout with reception area, two private offices, kitchen, full bath, and fireplace; 30‑by‑24‑foot detached garage and storage building
