Turnkey Professional Office
11-1607 S State Road 15a Deland, FL 32720
For Sale
$349,900
Move-in ready office condo in a four-unit plaza with ADA accessibility, assigned parking, and a fully built-out interior.
Property Size1,700 SF
Price / SF$205.82
Days on Market66
Property Features for 11-1607 S State Road 15a
General Information
- Standard status
- Active
- Size
- 1,700 SF
Listing Agency:
AMERICAN PREMIER REALTY LLC
(386) 337-2383
Listed By:
Rick Hains
(386) 337-2383
Source:
Exprealty
Added: May 22
Changed: Jul 10
Last Checked: Jul 25 at 5:28PM
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 AMERICAN PREMIER REALTY LLC
Investment Insights
Based on property information with market context.
This turnkey professional office condo is fully built out and ready for immediate occupancy. The unit offers a spacious reception and waiting area, a wide open work space, a kitchen area with ample storage, and a flexible layout with 2–3 private offices or conference rooms. Additional features include a separate network and storage area. The office was fully renovated with freshly painted interior and exterior, luxury vinyl flooring, commercial carpet, and brand new front LED signage. ADA accessibility is included, and the property is located within a well-maintained four-unit professional shopping plaza built in 2006.
The condo is positioned along SR 15A for high visibility, with access from the heavily traveled roadway. It benefits from frontage and visibility from both directions on 15A. Assigned parking is provided for convenient client and staff access.
For tenants or buyers seeking an office environment that is functional on day one, the property’s fully renovated condition and occupant-ready layout support a range of professional uses. Condo association fees cover water, outside maintenance, landscape, exterior property liability insurance, trash collection, and more, which can simplify day-to-day operating responsibilities. Artwork does not convey.
The condo is positioned along SR 15A for high visibility, with access from the heavily traveled roadway. It benefits from frontage and visibility from both directions on 15A. Assigned parking is provided for convenient client and staff access.
For tenants or buyers seeking an office environment that is functional on day one, the property’s fully renovated condition and occupant-ready layout support a range of professional uses. Condo association fees cover water, outside maintenance, landscape, exterior property liability insurance, trash collection, and more, which can simplify day-to-day operating responsibilities. Artwork does not convey.
Key Highlights
- 1,700 SF professional office condo in a four‑unit professional shopping plaza in DeLand
- Built in 2006 with ADA accessibility and fully renovated interior
- Fully built out and occupant‑ready with freshly painted interior and exterior
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $21.60 |
| − Vacancy | −$2.8k | −$1.62 |
| EGI | $34.0k | $19.98 |
| − OpEx | −$8.5k | −$5.00 |
| NOI | $25.5k | $14.99 |
1,700 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$363.9K
$318.4K – $424.6K
NOI $25,475 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$501.3K
$438.6K – $584.8K
NOI $35,088 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Move-in ready office condo in a four-unit plaza with ADA accessibility, assigned parking, and a fully built-out interior.
Where is this office units located?
The property is located at 11-1607 S State Road 15a Deland, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,700 SF professional office condo in a four‑unit professional shopping plaza in DeLand; Built in 2006 with ADA accessibility and fully renovated interior; Fully built out and occupant‑ready with freshly painted interior and exterior
