Retail Strip Center Near
For Sale
$2,500,000
235 N Amelia Ave, Deland, FL 32724
Retail strip center near Stetson University with value-add potential.
Property Size12,845 SF
Price / SF$194.63
Days on Market320
Property Features for 235 N Amelia Ave
General Information
Standard status
Active
Size
12,845 SF
Property subtype
Retail
Building Details
Building Size
12,845 SF
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
Listed By:
Patrick M. Opalewski, CCIM · License #FL #BK3042967
(386) 295-9676
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 7
Last Checked: Oct 7 at 8:56AM
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
Investment Insights
Based on property information with market context.
Amelia Plaza is a 12,800 square foot retail strip center situated on Amelia Avenue, adjacent to Stetson University and within walking distance of the Volusia County Courthouse. The property is 94% occupied, featuring a diverse tenant mix. The location benefits from a strong daytime population, with over 17,000 people within a 1-mile radius, contributing to consistent consumer traffic. The property is located in Deland, FL. The property is offered at a 7.47% Cap Rate and has value-add potential.
Key Highlights
- Strategically located next to Stetson University, providing high visibility and consistent consumer traffic.
- High occupancy rate (94%) with a diverse and well‑balanced tenant mix.
- Strong daytime population (over 17,000 within 1‑mile).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,981
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,419,620
$2.4M
Cap Rate 7%
$1,728,300
$1.7M
Cap Rate 9%
$1,344,233
$1.3M
Market Conditions
NOI Build-Up for 12,845 SF
Gross rent
$192.7K $15.00/SF
− Vacancy
−$19.8K −$1.55/SF
EGI
$172.8K $13.46/SF
− OpEx
−$51.8K −$4.04/SF
NOI
$121.0K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,419,620
Cap Rate 7%
$1,728,300
Cap Rate 9%
$1,344,233
Alternative Uses
Best Use
Retail
$1.73M
$1.51M – $2.02M
NOI $120,981 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.79M
$3.31M – $4.42M
NOI $265,121 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,776
Businesses Nearby
101k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 38%
Home Improvements & Furnishings 10%
Hotels & Casinos 5%
Checkers
Dining
9,003 visits/mo
0.4 miles
Shell
Shops & Services
9,000 visits/mo
0.3 miles
Firehouse Subs
Dining
8,924 visits/mo
0.3 miles
7-Eleven
Shops & Services
8,567 visits/mo
0.3 miles
Bank of America
Shops & Services
8,421 visits/mo
0.3 miles
Demographics for 32724, FL
40,559
Population
18,555
Households
2.2
Avg Household Size
45
Median Age
31%
College-Educated
92%
High-School Grad
83.8 sq mi
ZIP Area
484
Density / Sq Mi
$72,729
Median Household Income
$41,204
Median Earnings
$1,184
Median Rent
$283,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail strip center near Stetson University with value-add potential.
Where is this strip mall located?
The property is located at 235 N Amelia Ave Deland, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Strategically located next to Stetson University, providing high visibility and consistent consumer traffic.; High occupancy rate (94%) with a diverse and well‑balanced tenant mix.; Strong daytime population (over 17,000 within 1‑mile).
