Updated Commercial Property on Busy
For Sale
$799,000
1240 E Normandy Boulevard, Deltona, FL 32725
Updated commercial property suitable for office or retail use.
Property Size3,617 SF
Price / SF$220.90
Days on Market343
Property Features for 1240 E Normandy Boulevard
General Information
Standard status
Active
Size
3,617 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$8,374
Amenities
Central Air
3
Shared Driveway.
Building Details
Year Built
1981
Listing Agency:
LPT REALTY LLC
(386) 388-7877
Listed By:
Sandrali Cruz
(321) 274-6737
Source:
Xome
Added: Oct 1, 2025
Changed: Sep 8
Last Checked: Apr 24 at 7:56AM
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 LPT REALTY LLC
Investment Insights
Based on property information with market context.
This updated commercial property, situated on a busy street, is suitable for office or retail use. The single building contains two suites that can be used individually or together. The property features ample parking, a waiting room area, and a large meeting room, along with personal offices. Its location is in a busy commercial area with multiple restaurants and grocery stores, adjacent to Cumberland Farms, at the intersection of Normandy and Providence. The property size is 3617 square feet. The space is suitable for a doctor's office, business office, therapy, or massage. Tenants are currently on the premises, requiring 24-hour notice for showings.
Key Highlights
- Excellent location on a busy street with high visibility and proximity to restaurants, grocery stores, and Cumberland Farms.
- Versatile commercial space suitable for offices or retail, ideal for various businesses (doctor's office, therapy, etc.).
- Two suites within one building that can be used individually or combined.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,201
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,084,020
$1.1M
Cap Rate 7%
$774,300
$774.3K
Cap Rate 9%
$602,233
$602.2K
Market Conditions
NOI Build-Up for 3,617 SF
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.
Gross rent
$78.1K $21.60/SF
− Vacancy
−$5.9K −$1.62/SF
EGI
$72.3K $19.98/SF
− OpEx
−$18.1K −$5.00/SF
NOI
$54.2K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,084,020
Cap Rate 7%
$774,300
Cap Rate 9%
$602,233
Alternative Uses
Best Use
Office B
$774.3K
$677.5K – $903.4K
NOI $54,201 @ 7.0% cap · market cap 6.78%
Second Best
Healthcare Medical
$751.7K
$657.7K – $877.0K
NOI $52,619 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$1.07M
$933.2K – $1.24M
NOI $74,655 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32725, FL
50,435
Population
19,177
Households
2.6
Avg Household Size
42
Median Age
22%
College-Educated
91%
High-School Grad
23.1 sq mi
ZIP Area
2,183
Density / Sq Mi
$70,801
Median Household Income
$40,970
Median Earnings
$1,533
Median Rent
$255,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Updated commercial property suitable for office or retail use.
Where is this medical office space located?
The property is located at 1240 E Normandy Boulevard Deltona, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Excellent location on a busy street with high visibility and proximity to restaurants, grocery stores, and Cumberland Farms.; Versatile commercial space suitable for offices or retail, ideal for various businesses (doctor's office, therapy, etc.).; Two suites within one building that can be used individually or combined.
