For sale
Flex space
FL
Deland
32724
1307 Saratoga Street Unit 3

Industrial Building with Caretaker Apartment

1307 Saratoga Street Unit 3, Deland, FL 32724

View on Map

For Sale

$1,750,000

Industrial space with apartment near Deland Airport for sale.

Property size:

10,500 SF

Price / SF:

$166/SF

HighLights

10,500 SF Industrial Space in 5 Units with Flexible Short‑Term Leases offering a Value Add or End User Opportunity
3,000 SF Upstairs Caretaker Apartment - 4 Bedroom/4.5 Baths
8 Roll‑Up Doors (5 @ 12' X 14', 3 @ 10' X 8')
Fee Simple Land Ownership - Not Controlled by the City of Deland
Gated and Fully Fenced Property with Room For Additional Parking/Building
HVAC in 4,500 SF Industrial Space and 3,000 SF Apartment

We can help!

Listing Contact

Carl Lentz

For Sale

$1,750,000

Industrial space with apartment near Deland Airport for sale.

Property size:

10,500 SF

Price / SF:

$166/SF

Added:: Jun 30, 2022
Days on Market:: 1442
Last Refresh:: May 12 at 9:42 pm

Property Features for 1307 Saratoga Street Unit 3

General Information

Standard status: Active
Size: 10,500 SF
Property subtype: Other

Building Details

Year Built: 2009

We can help!

Listing Contact

Carl Lentz

Listing agent Carl Lentz

Listing office SVN Alliance Commercial Real Estate Advisors

Listing date Jun 30, 2022

Source Xome

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SVN Alliance Commercial Real Estate Advisors

HighLights

10,500 SF Industrial Space in 5 Units with Flexible Short‑Term Leases offering a Value Add or End User Opportunity
3,000 SF Upstairs Caretaker Apartment - 4 Bedroom/4.5 Baths
8 Roll‑Up Doors (5 @ 12' X 14', 3 @ 10' X 8')
Fee Simple Land Ownership - Not Controlled by the City of Deland
Gated and Fully Fenced Property with Room For Additional Parking/Building
HVAC in 4,500 SF Industrial Space and 3,000 SF Apartment

Overview

This small bay industrial building, constructed in 2010, is located at Deland Airport. The property offers a value-add opportunity for an end user, with all leases currently on short terms. The building features 10,500 square feet of industrial space divided into 5 units, along with a 3,000 square foot upstairs caretaker apartment that includes 4 bedrooms and 4.5 baths. There are 8 roll-up doors: 5 measuring 12' x 14' and 3 measuring 10' x 8'. The building has a 20' eve height and a sloped metal roof. The units are designed with dimensions of 30' width x 50' depth. HVAC is installed in 4,500 square feet of the industrial space and throughout the 3,000 square foot apartment. Each unit has a 1/2 bath, with a full bath in the owner's industrial space. The property is gated and fully fenced, offering room for additional parking or building. The land ownership is fee simple and not controlled by the City of Deland. The building has separate electric meters and one water meter. An emergency generator is available for the apartment.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$199.1k	$18.96
− Vacancy	−$16.9k	−$1.61
EGI	$182.2k	$17.35
− OpEx	−$63.8k	−$6.07
NOI	$118.4k	$11.28

10,500 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 35.00%

Alternative Uses

Best Use

Flex RnD

$1.69M

$1.48M – $1.97M (±1% cap)

NOI $118,403 @ 7.0% cap · market cap 6.77%

Second Best

Warehouse

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,448 @ 7.0% cap · market cap 4.83%

Theoretical Best

Office A

$3.10M

$2.71M – $3.61M (±1% cap)

NOI $216,720 @ 7.0% cap · market cap 12.38%

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

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Location Insight

Map
Local Demand

City: Deland
County: Volusia
State: Florida
Longitude: -81.2792562
Latitude: 29.0608956

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For sale
Flex space
FL
Deland
32724
1307 Saratoga Street Unit 3

What type of property is this?

Flex space - Industrial space with apartment near Deland Airport for sale.

Where is this flex space located?

The property is located at 1307 Saratoga Street Unit 3 Deland, FL.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: 10,500 SF Industrial Space in 5 Units with Flexible Short‑Term Leases offering a Value Add or End User Opportunity; **3,000 SF Upstairs Caretaker Apartment - 4 Bedroom/4.5 Baths**; **8 Roll‑Up Doors (5 @ 12' X 14', 3 @ 10' X 8')**

1307 Saratoga Street Unit 3, Deland, FL 32724

Industrial space with apartment near Deland Airport for sale.

Property Features for 1307 Saratoga Street Unit 3

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Flex Office with Warehouse Garage

DeLand Office with Garage/Storage

C-2 Retail/Office Block Building

Deland Multifamily Investment Opportunity

Live-Work Property with Workshop

Turnkey Medical Office Condo

Mixed-Use Corner Property Opportunity

Income Potential Near Downtown Deland

DeLand Multi-Family Investment Opportunity

Auto Repair Shop with Bays

Mixed-Use Office and Live-Work

Mixed-Use Development Opportunity in DELAND

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