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

    1407 COURTLAND BOULEVARD Deltona, FL 32738

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $59,900

    Two commercial lots suitable for drive-through restaurant in Deltona, FL.

    Type:Land or Vacant Lot
    Lot size:
    0.34 Acres
    Added:
    Oct 17, 2023
    Days on Market:
    918
    Last Refresh:
    Apr 5 at 10:55 pm

    Property Features for 1407 COURTLAND BOULEVARD

    General Information

    Standard status
    Active
    Lot size
    0.34 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    SHEILA MCCONNELL

    Listing agent SHEILA MCCONNELL License #628311

    Listing office DELTONA LAKES REALTY INC

    Listing date Oct 17, 2023

    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 DELTONA LAKES REALTY INC

    Overview

    Commercial Lots in Growing Area

    Two commercial lots are available in a commercial area of Deltona, Florida, surrounded by residential homes. The property is positioned as suitable for a small drive-through restaurant, featuring an alleyway and drive-out. New subdivisions are under construction in the area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Gym & Fitness Center Skin Care Clinic Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Deltona
    County
    Volusia
    State
    Florida
    Longitude
    -81.17
    Latitude
    28.9033

    Nearby Similar for Sale

    • $475,000
      80,586 SF

      Deltona Commercial Corner Lot

      Oversized 1.85 acre commercial corner lot in Deltona, Florida.
      0 LAKE HELEN OSTEEN ROAD, DELTONA, FL 32738
      View Details
    • $699,900

      Deltona Land Parcel For Sale

      3.06 acre parcel in Deltona, Florida, zoned R-1A.
      1370 COURTLAND BLVD, DELTONA, FL 32738
      View Details
    • $285,000
      24,995 SF

      Commercial Lot in Booming Deltona

      Oversized commercial lot in a rapidly developing area.
      1602 CATALINA BOULEVARD, DELTONA, FL 32725
      View Details
    • $59,000

      Spacious Corner Lot in Deltona

      Large homesite in Deltona Lakes, ready for custom build.
      632 ANDERSON DRIVE, DELTONA, FL 32725
      View Details
    • $199,900
      33,100 SF

      Commercial Lot in Growing Deltona

      Oversized commercial lot in Deltona, zoned C-1 for retail/office.
      825 FORT SMITH BOULEVARD, DELTONA, FL 32738
      View Details
    • $199,900

      Deltona Commercial Lot For Sale

      Oversized commercial lot in growing Deltona area, great investment.
      825 FORT SMITH BOULEVARD, DELTONA, FL 32738
      View Details
    • $148,500

      Deltona Land with Building Plans

      Almost 2 acres to build your dream home.
      1747 TURTLE HILL ROAD, DELTONA, FL 32725
      View Details
    • $47,000

      Deltona Vacant Residential Land

      Prime vacant lot in desirable Deltona residential area.
      2657 CAPTAIN DRIVE, DELTONA, FL 32738
      View Details
    • $70,000

      Deltona Acreage: Partially Cleared Land

      1.02-acre parcel in Deltona Ranchettes, partially cleared, metered water.
      2087 LAREDO DRIVE, DELTONA, FL 32738
      View Details
    • $70,000

      Deltona Land Parcel Opportunity

      1.02-acre parcel in Deltona, partially cleared, development potential.
      2074 LAREDO DRIVE, DELTONA, FL 32738
      View Details
    • $288,000

      Deltona Commercial/Industrial Lot For Sale

      0.83-acre commercial/industrial lot in Deltona with high visibility.
      265 ENTERPRISE ROAD, DELTONA, FL 32725
      View Details
    • $75,000

      Lakefront Homesite in Deltona

      0.6-acre lakefront lot with water access in Deltona, Florida.
      745 WATERFALL CIRCLE, DELTONA, FL 32725
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two commercial lots suitable for drive-through restaurant in Deltona, FL.
    Where is this commercial land located?
    The property is located at 1407 COURTLAND BOULEVARD Deltona, FL.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: Located in a successful commercial area; Surrounded by numerous residential homes; Opportunity to start a business in a growing area
    (386) 574-1401
    We can help!
    Listing Contact
    SHEILA MCCONNELL
    Real Estate License ID: 628311
    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!