DeLand Office/Industrial Condo for
1220 BISCAYNE Blvd Deland, FL 32724
For Sale
$239,500
Office/Industrial condo in DeLand, near the airport and I-4.
Property Size1,620 SF
Price / SF$147.84
Days on Market95
Property Features for 1220 BISCAYNE Blvd
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Industrial
Building Details
Year Built
2008
Listing Agency:
(321) 689-8000
Listed By:
Mark Allen
(321) 689-8000
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 12:35PM
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 Mark Allen
Investment Insights
Based on property information with market context.
This 1,620 square foot office/industrial condo is located in a desirable business district of DeLand, off International Speedway Blvd. It is in close proximity to DeLand Municipal Airport, approximately 6 miles from the I-4 interchange, and about 21 miles from I-95. The unit, designated as Unit E, features a grade-level roll-up door. The current tenant will lease back the property for a short term, between 90 days and up to six months. The commercial condo unit is on a ground lease with the City, representing a leasehold interest. The city retains ownership of the land. There are 41 years remaining on the initial ground lease, with a 30-year renewal option. The base ground lease expires in 2037, with the renewal option extending it further. The location has a bike score of 52, indicating it is bikeable, and a walk score of 57, suggesting it is somewhat walkable.
Key Highlights
- Located in a desirable business district of DeLand off International Speedway Blvd.
- 1,620 SF Office/Industrial Condo with a grade‑level roll‑up door.
- Close proximity to DeLand Municipal Airport (~6 miles to I‑4, ~21 miles to I‑95).
Financial Insights For Flex RnD
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 | $30.7k | $18.96 |
| − Vacancy | −$2.6k | −$1.61 |
| EGI | $28.1k | $17.35 |
| − OpEx | −$9.8k | −$6.07 |
| NOI | $18.3k | $11.28 |
1,620 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$346.8K
$303.5K – $404.6K
NOI $24,276 @ 7.0% cap · market cap 10.14%
Second Best
Flex RnD
$261.0K
$228.4K – $304.5K
NOI $18,268 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$477.7K
$418.0K – $557.3K
NOI $33,437 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Office/Industrial condo in DeLand, near the airport and I-4.
Where is this flex space located?
The property is located at 1220 BISCAYNE Blvd Deland, FL.
What is the asking price?
The asking price for this property is $239,500.
What are key features of this property?
This property features: Located in a desirable business district of DeLand off International Speedway Blvd.; 1,620 SF Office/Industrial Condo with a grade‑level roll‑up door.; Close proximity to DeLand Municipal Airport (~6 miles to I‑4, ~21 miles to I‑95).
