Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    201 LAKE MOLLY AVENUE Deland, FL 32724

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $80,000

    0.47 acre building lot near shopping with electric nearby.

    Added:
    Apr 26, 2025
    Days on Market:
    344
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 201 LAKE MOLLY AVENUE

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    FARZANA BASHIR

    Listing agent FARZANA BASHIR

    Listing office CHARLES RUTENBERG REALTY ORLANDO

    Listing date Apr 26, 2025

    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 CHARLES RUTENBERG REALTY ORLANDO

    Overview

    DeLand Buildable Parcel Opportunity

    This 0.47-acre building lot presents an opportunity to acquire a buildable parcel in DeLand. The property is farmland and is surrounded by a spring-fed pond. The land offers quiet country living without HOA restrictions. It features paved road frontage and nearby electric access. The property is high, dry, and ready for construction. Located near shopping, it also provides quick access to International Speedway. This parcel could be suitable for a family compound or an investment for a builder or developer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.299
    Latitude
    29.071

    Nearby Similar for Sale

    • $569,000
      5,033 SF

      Historic Mixed-Use Property in DeLand

      Historic mixed-use property with C-2 zoning in downtown DeLand.
      228 W Howry Avenue, DeLand, FL 32720
      View Details
    • $569,000
      4,123 SF

      Historic Mixed-Use Property in DeLand

      Historic mixed-use property with C-2 zoning in downtown DeLand.
      228 W HOWRY AVENUE, DELAND, FL 32720
      View Details
    • $425,000
      1,750 SF

      Turnkey Medical Office Condo

      Medical office condo for sale in DeLand's healthcare corridor.
      844 N Stone Street, DeLand, FL 32720
      View Details
    • $269,900
      2,440 SF

      DeLand Commercial Opportunity

      Versatile commercial building in DeLand, Florida, with tax advantages.
      227 W Voorhis Avenue, DeLand, FL 32720
      View Details
    • $340,000
      1,580 SF

      Versatile Mixed-Use Property

      Adaptable mixed-use property in DeLand, suitable for commercial or residential.
      909 W NEW YORK AVENUE, DELAND, FL 32720
      View Details
    • $499,900
      2,340 SF

      Restaurant Opportunity Near Downtown Deland

      Restaurant opportunity near downtown Deland, Stetson University, and Conrad Park.
      918 S ADELLE AVENUE, DELAND, FL 32720
      View Details
    • $2,350,000

      DeLand Land Development Opportunity

      4.74 acres near SunRail station, suitable for various uses.
      2504 OLD NEW YORK AVENUE, DELAND, FL 32720
      View Details
    • $350,000
      1,760 SF

      Updated Triplex Near Downtown Deland

      Vacant triplex near downtown and Stetson University with upgrade potential.
      122 S GARFIELD AVENUE, DELAND, FL 32724
      View Details
    • $449,900
      955 SF

      Restaurant Near Downtown Deland

      Restaurant with outdoor patio near Stetson University.
      905 S ADELLE AVENUE, DELAND, FL 32720
      View Details
    • $319,900
      1,817 SF

      DeLand Duplex Near Downtown

      Duplex in walkable DeLand location near downtown and Stetson University.
      143 E SOUTH STREET, DELAND, FL 32724
      View Details
    • $600,000
      3,092 SF

      DeLand Multi-Family Investment Opportunity

      Six-unit property in North DeLand with strong cash flow.
      1757 N WOODLAND BOULEVARD, DELAND, FL 32720
      View Details
    • $350,000
      988 SF

      DeLand Retail Opportunity For Sale

      Retail property in high-visibility location with strong traffic flow.
      490 N Spring Garden Avenue, DeLand, FL 32720
      View Details

    FAQs

    What type of property is this?
    Land - 0.47 acre building lot near shopping with electric nearby.
    Where is this land located?
    The property is located at 201 LAKE MOLLY AVENUE Deland, FL.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: Fantastic DeLand location near shopping and International Speedway.; Buildable 0.47 acre lot with no HOA.; Enjoy a private spring‑fed pond on the property.
    We can help!
    Listing Contact
    FARZANA BASHIR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!