DeLand Restaurant/Retail
For Sale
$499,900
918 S ADELLE Ave, Deland, FL 32720
2340 SF building near Downtown DeLand and Stetson University.
Property Size2,340 SF
Lot Size0.49 Acres
Price / SF$213.63
Days on Market148
Property Features for 918 S ADELLE Ave
General Information
Standard status
Active
Size
2,340 SF
Lot size
0.49 Acres
Property subtype
Commercial
Building Details
Year Built
1910
Listing Agency:
Robert Slack LLC
(386) 453-0623
Listed By:
Charlene Magalski · License #3085090
(386) 453-0623
Source:
Elliman
Added: Mar 11
Changed: Jul 10
Last Checked: Aug 5 at 9:25AM
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 Robert Slack LLC
Investment Insights
Based on property information with market context.
This 2340 square foot building presents a business opportunity with potential for restaurant or retail use. The property features two new 5-ton HVAC units, a recently updated electrical panel, and a roof that is approximately 5 years old. It is handicap accessible and equipped with hurricane shutters. The current zoning is BPUD/Restaurant. The building is located minutes from Downtown Deland Historic District, Stetson University, and Melching Field at Conrad Park, benefiting from high traffic flow. Shopping and restaurants are located nearby. Prospective buyers should independently verify all information and property details with the County Planning/Zoning department to confirm usage restrictions.
Key Highlights
- Prime location minutes from Downtown Deland Historic District, Stetson University, and Melching Field at Conrad Park, ensuring high traffic flow.
- Current zoning is BPUD/Restaurant, offering immediate business potential.
- The building features two brand new 5‑ton HVAC units.
Financial Insights For Specialty Retail
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 | $51.4k | $21.96 |
| − Vacancy | −$4.0k | −$1.71 |
| EGI | $47.4k | $20.25 |
| − OpEx | −$11.8k | −$5.06 |
| NOI | $35.5k | $15.19 |
2,340 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$507.6K
$444.2K – $592.2K
NOI $35,534 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$690.0K
$603.7K – $805.0K
NOI $48,298 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32720, FL
33,568
Population
13,962
Households
2.4
Avg Household Size
45
Median Age
24%
College-Educated
88%
High-School Grad
66.3 sq mi
ZIP Area
506
Density / Sq Mi
$67,512
Median Household Income
$39,159
Median Earnings
$1,177
Median Rent
$280,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Restaurant - 2340 SF building near Downtown DeLand and Stetson University.
Where is this restaurant located?
The property is located at 918 S ADELLE Ave Deland, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Prime location minutes from Downtown Deland Historic District, Stetson University, and Melching Field at Conrad Park, ensuring high traffic flow.; Current zoning is BPUD/Restaurant, offering immediate business potential.; The building features **two brand new 5‑ton HVAC units.**
