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

    430 S Parsons Ave Deland, FL 32720

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $295,000

    Triplex with updated units, strong income potential near Stetson.

    Lot size:
    0.13 Acres

    Property Features for 430 S Parsons Ave

    General Information

    Property type
    Investment
    Standard status
    Pending
    Lot size
    0.13 Acres

    Building Details

    Year built
    1953

    We can help!

    Listing Contact
    Megan Bish
    Source: Elliman

    Listing Agent: Megan Bish

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

    Learn more

    Overview

    Turnkey Triplex Near Downtown DeLand

    This triplex features three spacious one-bedroom, one-bathroom units. Interior updates within the last five years include new paint, tile flooring, tile shower/tub combos, and refreshed kitchens. Each unit is equipped with laundry hookups. Unit 1 includes new stainless steel appliances. The exterior is scheduled for repaint in 2025. Unit 1 is currently leased at $1,025 per month with a lease end date of February 27th and a $1,200 deposit. Unit 2 and Unit 3 are currently vacant and were listed at $1,000 per month on November 24th and December 1st, respectively. Tenants are responsible for electric, while water is in the owner's name, with tenants billed $75 per month each. Located close to Downtown DeLand and Stetson University, this property offers strong rental income and proven returns. The seller will replace the roof with a full-price offer.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.308659
    Latitude
    29.021635

    Nearby Similar for Sale

    • New
      $595,000
      5,033 SF

      Historic Mixed-Use Property in DeLand

      Historic mixed-use property with C-1 zoning in downtown DeLand.
      228 W Howry Ave, 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 St, 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 Ave, Deland, FL 32720
      View Details
    • $595,000
      4,123 SF

      Historic Mixed-Use Property in DeLand

      Historic mixed-use property in downtown DeLand with C-1 zoning.
      228 W Howry Ave, Deland, FL 32720
      View Details
    • $149,900
      2,813 SF

      DeLand Commercial Opportunity For Sale

      Commercial facility in DeLand, suitable for restaurant, retail, or office.
      410 W Beresford Ave, Deland, FL 32720
      View Details
    • $80,000
      640 SF

      DeLand Commercial Property For Sale

      Commercial property in DeLand, Florida, suitable for various business ventures.
      1121 S Adelle Ave, Deland, FL 32720
      View Details
    • New
      $350,000
      1,760 SF

      Updated Triplex Near Downtown Deland

      Vacant triplex near downtown and Stetson University, updated and ready.
      122 S Garfield Ave, Deland, FL 32724
      View Details
    • $599,900
      2,340 SF

      Deland Restaurant Opportunity For Sale

      Restaurant opportunity near downtown Deland, Stetson University, and Conrad Park.
      918 S Adelle Ave, Deland, FL 32720
      View Details
    • $499,900
      955 SF

      Restaurant Opportunity Near Downtown Deland

      Restaurant with outdoor patio, tiki bar, and updated features.
      905 S Adelle Ave, Deland, FL 32720
      View Details
    • $600,000
      Pending

      DeLand Multi-Family Investment Opportunity

      Six-unit property in North DeLand with high tenant demand.
      1757 N Woodland Blvd, Deland, FL 32720
      View Details
    • $420,000
      2,684 SF

      Income-Producing Quadruplex Near Stetson

      Income-producing quadruplex in prime location near Stetson and Downtown DeLand.
      225 N Sans Souci Ave, 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 St, Deland, FL 32724
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex with updated units, strong income potential near Stetson.
    Where is this triplex located?
    The property is located at 430 S Parsons Ave Deland, FL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Turnkey triplex with strong rental income and proven returns.; - Meets the 1% rule.; - Seller will replace the roof with a full-price offer.
    (407) 716-3983
    Request Owner's contact information
    430 S Parsons Ave 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.
    430 S Parsons Ave
    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
    430 S Parsons Ave 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
    Megan Bish
    (407) 716-3983 (407) 545-2594
    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!