Auto Repair Shop with
For Sale
$999,900
309 S FLORIDA Ave, Deland, FL 32720
Fully equipped auto repair shop with multiple bays, car lifts, and office space across three parcels.
Property Size12,228 SF
Lot Size0.91 Acres
Price / SF$81.77
Days on Market91
Property Features for 309 S FLORIDA Ave
General Information
Standard status
Active
Size
12,228 SF
Lot size
0.91 Acres
Property subtype
Commercial
Additional Details
Business Included
Yes
Service Bays
7
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,644
Building Details
Building Size
12,228 SF
Year Built
1930
Listing Agency:
COLDWELL BANKER REALTY
(904) 449-0881
Listed By:
Desirae Foster · License #3333389
(904) 449-0881
Source:
Elliman
Added: Jun 3
Changed: Aug 25
Last Checked: Aug 31 at 4:41PM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This property is a fully functional auto repair shop built with 12,228 sq. ft. of usable working space. The shop includes seven bays and six car lifts, along with additional equipment such as a commercial-sized compressor (negotiable with the sale). The main shop is laid out with a waiting room, an office, two bathrooms, a parts room, upstairs apartment space, and multiple storage areas, plus large front bays tall enough to accommodate a semi truck.
The sale includes three parcels totaling 0.91 acres, including 309 S Florida Ave and two additional addresses: 136 W Voorhis Ave and 141 W New St, all in DeLand. There are three separate entry access areas, providing flexibility for operating or leasing different portions of the building. Access is available off Voorhis Ave, W New St, and the main entrance off S Florida Ave, with parking described at the front and along the Voorhis side. On the New St side, a vacant lot is included for additional parking.
While the property is set up for auto repair, the listing states the combined parcels include all types of zoning for multiple uses, including light manufacturing, warehouse, commercial, office space, and residential. That combination, along with separate entry points and established shop infrastructure, may fit owner-operators who want space to work, store, and potentially run office or other uses within the same asset.
The sale includes three parcels totaling 0.91 acres, including 309 S Florida Ave and two additional addresses: 136 W Voorhis Ave and 141 W New St, all in DeLand. There are three separate entry access areas, providing flexibility for operating or leasing different portions of the building. Access is available off Voorhis Ave, W New St, and the main entrance off S Florida Ave, with parking described at the front and along the Voorhis side. On the New St side, a vacant lot is included for additional parking.
While the property is set up for auto repair, the listing states the combined parcels include all types of zoning for multiple uses, including light manufacturing, warehouse, commercial, office space, and residential. That combination, along with separate entry points and established shop infrastructure, may fit owner-operators who want space to work, store, and potentially run office or other uses within the same asset.
Key Highlights
- 12,228 sq. ft of usable working space with 7 bays and 6 car lifts for an auto repair shop
- Main shop layout includes waiting room, office, 2 bathrooms, parts room, upstairs apartment, and multiple storage areas
- Three front bays are tall enough for a semi truck
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
$72,799
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
7.28%
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%
$1,455,980
$1.5M
Cap Rate 7%
$1,039,986
$1.0M
Cap Rate 9%
$808,878
$808.9K
Market Conditions
NOI Build-Up for 12,228 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
$110.1K $9.00/SF
− Vacancy
−$6.1K −$0.50/SF
EGI
$104.0K $8.50/SF
− OpEx
−$31.2K −$2.55/SF
NOI
$72.8K $5.95/SF
Area
Volusia County, FL
Vacancy
5.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,455,980
Cap Rate 7%
$1,039,986
Cap Rate 9%
$808,878
Alternative Uses
Best Use
Flex RnD
$1.97M
$1.72M – $2.30M
NOI $137,889 @ 7.0% cap · market cap 13.79%
Second Best
Retail
$1.65M
$1.44M – $1.92M
NOI $115,169 @ 7.0% cap · market cap 11.52%
Theoretical Best
Office A
$3.61M
$3.15M – $4.21M
NOI $252,386 @ 7.0% cap · market cap 25.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Service bays
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,859
Businesses Nearby
Well-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 Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
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- Campus Towing — 801 w new york ave, deland, fl 32720
- B.A.B Towing — 801 New York Ave W, DeLand, FL 32720
- Ashlie's auto repair — 620 New York Ave W, DeLand, FL 32720
Frequently Asked Questions
What type of property is this?
Auto shop - Fully equipped auto repair shop with multiple bays, car lifts, and office space across three parcels.
Where is this auto shop located?
The property is located at 309 S FLORIDA Ave Deland, FL.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 12,228 sq. ft of usable working space with 7 bays and 6 car lifts for an auto repair shop; Main shop layout includes waiting room, office, 2 bathrooms, parts room, upstairs apartment, and multiple storage areas; Three front bays are tall enough for a semi truck
