114 E RICH AVENUE, Deland, FL 32724
Fully occupied mixed-use property in historic downtown Deland.
- Added:
- Apr 4, 2024
- Days on Market:
- 796
- Last Refresh:
- May 10 at 9:00 pm
Property Features for 114 E RICH AVENUE
General Information
- Standard status
- Active
- Size
- 3,619 SF
- Lot size
- 0.17 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1962
Listing agent DEBORAH DUNN License #603270
Listing office TOWN AND COUNTRY REALTY (386) 734-8890
Listing date Apr 4, 2024
Source Corcoran
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 TOWN AND COUNTRY REALTY
HighLights
- Mixed‑use property in the heart of historic downtown DeLand.
- Fully occupied with two storefronts and three apartments.
- Private parking included.
- Two updated apartments.
- Both storefronts in great condition with tenants.
- Owner will consider holding paper.
Overview
Local Financial Insights For Mixed Use
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 | $78.2k | $21.60 |
| − Vacancy | −$6.6k | −$1.84 |
| EGI | $71.5k | $19.76 |
| − OpEx | −$26.8k | −$7.41 |
| NOI | $44.7k | $12.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Deland
- County
- Volusia
- State
- Florida
- Longitude
- -81.3028
- Latitude
- 29.0296
