Renovated Office Building For
6481 DELAND AVENUE Indian Lake Estates, FL 33855
For Sale
$294,000
Newly renovated commercial building suitable for various business types.
Property Size2,125 SF
Lot Size0.63 Acres
Price / SF$138.35
Days on Market1427
Property Features for 6481 DELAND AVENUE
General Information
Standard status
Active
Size
2,125 SF
Lot size
0.63 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1988
Listing Agency:
SIGNATURE REALTY ASSOCIATES
(863) 412-7121
Listed By:
Karen Boyette · License #3098904
(863) 412-7121
Source:
Exitrealty
Added: Sep 3, 2022
Changed: Jul 10
Last Checked: Jul 29 at 6:50AM
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 SIGNATURE REALTY ASSOCIATES
Investment Insights
Based on property information with market context.
This newly renovated office building is available for sale or lease in Indian Lake Estates, situated near the community entrance off Highway 60. The building features a new roof, new air conditioning system, and new flooring, with fresh paint applied inside and out. The parking lot accommodates 10 spaces. A driveway encircles the entire building, presenting the possibility of conversion into a pick-up window. Zoned for commercial and industrial use, the space is suitable for a variety of businesses, including service, medical, retail, salon, spa, and office uses. The property has a size of 2125 square feet.
Key Highlights
- Seller financing available.
- Newly renovated with new roof, A/C, flooring, and fresh paint (inside and out).
- Zoned commercial/industrial, suitable for service, medical, retail, salon, spa, and office businesses.
Financial Insights For Office B
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 | $44.6k | $21.00 |
| − Vacancy | −$9.8k | −$4.62 |
| EGI | $34.8k | $16.38 |
| − OpEx | −$8.7k | −$4.10 |
| NOI | $26.1k | $12.29 |
2,125 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$372.9K
$326.3K – $435.1K
NOI $26,106 @ 7.0% cap · market cap 8.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.7K
$446.8K – $595.8K
NOI $35,746 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Newly renovated commercial building suitable for various business types.
Where is this office building located?
The property is located at 6481 DELAND AVENUE Indian Lake Estates, FL.
What is the asking price?
The asking price for this property is $294,000.
What are key features of this property?
This property features: Seller financing available.; Newly renovated with new roof, A/C, flooring, and fresh paint (inside and out).; Zoned commercial/industrial, suitable for service, medical, retail, salon, spa, and office businesses.
