DeLand Office Condo For Sale

844 N STONE STREET 206, Deland, FL 32720

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For Sale

$449,000

Office condo near Advent Health Deland Hospital with ample parking.

Type:Commercial/Industrial

Property size:

1,750 SF

Lot size:

0.04 Acres

Price / SF:

$256/SF

HighLights

Strategic location: Enjoy easy access from 15A and 17/92.
Proximity to Advent Health Deland Hospital: Located just 1/2 block away.
Versatile Usage: Suitable for office, medical, retail, and educational purposes.
Ample Parking: Provides convenient access for clients and staff.
Functional Layout: Includes a reception area, 4 private offices, break room/kitchen, large waiting/conference room, and 2 restrooms.
Relatively New Construction: Built in 2011.

We can help!

Listing Contact

Bee Powell

For Sale

$449,000

Office condo near Advent Health Deland Hospital with ample parking.

Type:Commercial/Industrial

Property size:

1,750 SF

Lot size:

0.04 Acres

Price / SF:

$256/SF

Added:: Oct 7, 2024
Days on Market:: 614
Last Refresh:: May 19 at 8:23 pm

Property Features for 844 N STONE STREET 206

General Information

Standard status: Active
Size: 1,750 SF
Lot size: 0.04 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 2011

We can help!

Listing Contact

Bee Powell

Listing agent Bee Powell License #3259106

Listing office BEE REALTY CORP

Listing date Oct 7, 2024

Source Exitrealty

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 BEE REALTY CORP

HighLights

Strategic location: Enjoy easy access from 15A and 17/92.
Proximity to Advent Health Deland Hospital: Located just 1/2 block away.
Versatile Usage: Suitable for office, medical, retail, and educational purposes.
Ample Parking: Provides convenient access for clients and staff.
Functional Layout: Includes a reception area, 4 private offices, break room/kitchen, large waiting/conference room, and 2 restrooms.
Relatively New Construction: Built in 2011.

Overview

This 1750 square foot office condo is available for sale. It features a reception area, four private offices, a break room/kitchen, a large waiting or conference room, and two restrooms. The property is located a half block from Advent Health Deland Hospital and close to Downtown Deland, providing access to various clients and professionals. Ample parking is available. The property's strategic location offers easy access from 15A and 17/92. It is suitable for office, medical, retail, and educational uses. There is also the possibility to purchase the business with the condo.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$37.8k	$21.60
− Vacancy	−$2.8k	−$1.62
EGI	$35.0k	$19.98
− OpEx	−$8.7k	−$5.00
NOI	$26.2k	$14.99

1,750 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$374.6K

$327.8K – $437.1K (±1% cap)

NOI $26,224 @ 7.0% cap · market cap 5.84%

Second Best

Healthcare Medical

$363.7K

$318.2K – $424.3K (±1% cap)

NOI $25,458 @ 7.0% cap · market cap 5.67%

Theoretical Best

Office A

$516.0K

$451.5K – $602.0K (±1% cap)

NOI $36,120 @ 7.0% cap · market cap 8.04%

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

Property Profile Location Intelligence

Current Use by Public Records

Dr. Jenneffer Pulapaka Physician FromtheBlade Radio Station DeLand Foot and Leg ... Medical Clinic Complete Wellness Chiropractic ... Alternative Medicine Practice James T. Rybinski, ... Alternative Medicine Practice

Suggested Use

Location Insight

Map
Local Demand

City: Deland
County: Volusia
State: Florida
Longitude: -81.317
Latitude: 29.0413

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For sale
Medical Office Space
FL
Deland
32720
844 N STONE STREET 206

What type of property is this?

Medical Office Space - Office condo near Advent Health Deland Hospital with ample parking.

Where is this medical office space located?

The property is located at 844 N STONE STREET 206 Deland, FL.

What is the asking price?

The asking price for this property is $449,000.

What are key features of this property?

This property features: Strategic location: Enjoy easy access from 15A and 17/92.; Proximity to Advent Health Deland Hospital: Located just 1/2 block away.; Versatile Usage: Suitable for office, medical, retail, and educational purposes.