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

    112 W Indiana Ave, Unit 202 Deland, FL 32720

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $18,000 /Mo

    Executive office suite in historic downtown building for rent.

    Lot size:
    0.16 Acres

    Property Features for 112 W Indiana Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.16 Acres

    Building Details

    Year built
    1923

    We can help!

    Listing Contact
    Hailey Graham
    Source: Elliman

    Listing Agency: GREENE REALTY OF FLORIDA LLC Listing Agent: Hailey Graham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Downtown Executive Office Suite

    An executive office suite is available for rent in a historic downtown building. The space features cathedral ceilings, intricate molding, and real wood floors. Water and electric utilities are included. Multiple other units are available in the building. All information should be verified.
    Location Intelligence

    Current Use by Public Records

    Palmetto Realty Real Estate Agency First Choice Title ... Title Company Home Team Lending Loan Service Karisa Newman, REALTOR ️ Real Estate Agency Dianne Wodz, Realtor Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.30395
    Latitude
    29.02877

    Nearby Similar for Lease

    • $2,000 /Mo
      960 SF

      Renovated Office Suite with Garden View

      960 sq ft office suite with natural light and parking.
      125 W Plymouth Ave, Deland, FL 32720
      View Details
    • $1,200 /Mo
      7,000 SF

      Versatile DeLand Commercial Property

      Commercial space in DeLand, suitable for office, retail, or education.
      1121 S Adelle Ave, Deland, FL 32720
      View Details
    • $1,750 /Mo
      3,395 SF

      Prime Commercial Space in DeLand

      Exceptional commercial space in a high-visibility DeLand location.
      227 W Beresford Ave, Deland, FL 32720
      View Details
    • $2,900 /Mo
      1,459 SF

      Renovated Office Space in DeLand

      Newly renovated office space suitable for medical or business use.
      125 W Plymouth Ave Ste 121 Rd, Deland, FL 32720
      View Details
    • $1,085 /Mo
      13,432 SF

      DeLand Office Space For Rent

      Centrally located office space ideal for professional service businesses.
      320 S Spring Garden Ave, Deland, FL 32720
      View Details
    • $800 /Mo
      1,500 SF

      Downtown DeLand Executive Office Space

      Move-in ready office suite in vibrant downtown DeLand.
      228 E New York Ave, Deland, FL 32724
      View Details
    • Sponsored
      Contact for pricing

      FL, DeLand - Industrial Dr

      Discover many ways to work your way in Bellevue Skyline Tower
      1991 Industrial Dr, Deland, FL 32724
      View Details
    • $25 SF/Yr
      6,262 SF

      Renovated Mixed-Use Building in Deland

      Recently renovated 6,262 SF mixed-use building for lease or sale.
      191 Endicott Way, Deland, FL 32724
      View Details
    • $1,540 /Mo
      770 SF

      DeLand Office Space For Rent

      770 SF office space in desirable DeLand complex.
      929 N Spring Garden Ave, Deland, FL 32720
      View Details
    • $21,000

      Prime Commercial Space in DeLand

      Exceptional 1,400 sq ft commercial space for lease.
      227 W Beresford Ave, Deland, FL 32720
      View Details
    • $18,000 /Mo

      Move-in Ready Office Suite

      Functional office suite in DeLand near the airport.
      1525 Langley Ave, Deland, FL 32724
      View Details
    • $33,120

      Prime Commercial Space For Lease

      1,840 +/- SQ FT on High-Traffic Road
      1105 S Woodland Blvd, Deland, FL 32720
      View Details

    FAQs

    What type of property is this?
    Office units - Executive office suite in historic downtown building for rent.
    Where is this office units located?
    The property is located at 112 W Indiana Ave, Unit 202 Deland, FL.
    What is the lease rate?
    The lease rate is $18,000 /Mo.
    What are key features of this property?
    This property features: - Downtown location; - Executive office suite with **cathedral ceilings**; - Historic building with **intricate molding and real wood floors**
    (386) 405-8016
    Request Owner's contact information
    112 W Indiana Ave, Unit 202 Deland, FL 32720
    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.
    112 W Indiana Ave, Unit 202
    Deland, FL 32720
    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
    112 W Indiana Ave, Unit 202 Deland, FL 32720
    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

    We can help!
    Listing Contact
    Hailey Graham
    Real Estate License ID: 3385848
    (386) 405-8016 (386) 734-2200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!