Mixed-Use Property on Kepler
1855 N KEPLER ROAD Deland, FL 32724
1855 N KEPLER ROAD, Deland, FL, 32724
$469,900
For Sale
$469,900
Mixed-use property on busy road, potential for office or residential.
Property Size1,645 SF
Lot Size1.03 Acres
Price / SF$285.65
Days on Market754
Property Features for 1855 N KEPLER ROAD
General Information
- Standard status
- Active
- Size
- 1,645 SF
- Lot size
- 1.03 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1963
Listing Agency
THE BARNETT GROUP, INC.
(386) 405-4560
Listed by
Larry Brinson · License #3295793
(386) 405-4560
Source
Exitrealty
Added: Jun 24, 2024 Checked: Jul 17 at 4:52 am
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 THE BARNETT GROUP, INC.
Investment Insights
Based on property information with market context.
This mixed-use property is located on North Kepler Road, a high-traffic area, and is one block from the signalized intersection of Highway 92. Situated on over one acre of land, the property offers growth potential. The concrete block home features a layout with ample-sized rooms suitable for conversion to various office and professional uses. The flexible P-1 zoning allows for professional offices, medical offices, daycares, convalescent homes, government offices, or residential use. The property is in a high and dry location, close to a fire station and fire hydrant, potentially allowing for insurance discounts. The property size is 1645 square feet.
Key Highlights
- High‑traffic location on N Kepler Rd, near Hwy 92 intersection
- Zoned mixed‑use (P‑1) for office or residential
- Over one acre of land with growth potential
Local 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 | $35.5k | $21.60 |
| − Vacancy | −$2.7k | −$1.62 |
| EGI | $32.9k | $19.98 |
| − OpEx | −$8.2k | −$5.00 |
| NOI | $24.7k | $14.99 |
1,645 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$352.1K
$308.1K – $410.8K
NOI $24,650 @ 7.0% cap · market cap 5.25%
Second Best
Mixed Use
$290.3K
$254.0K – $338.7K
NOI $20,320 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$485.0K
$424.4K – $565.9K
NOI $33,953 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Mixed-use property - Mixed-use property on busy road, potential for office or residential.
Where is this mixed-use property located?
The property is located at 1855 N KEPLER ROAD Deland, FL.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: High‑traffic location on N Kepler Rd, near Hwy 92 intersection; Zoned mixed‑use (P‑1) for office or residential; Over one acre of land with growth potential
