Freestanding Flex
For Sale
$2,250,000
Pending
1315 E International Speedway Boulevard DeLand, Deland, FL 32724
Metal flex property combining showroom, office, and warehouse areas with garage bay access.
Property Size18,250 SF
Days on Market56
Property Features for 1315 E International Speedway Boulevard DeLand
General Information
Standard status
Pending
Size
18,250 SF
Warehouse & Industrial
Warehouse Space
13,430 SF
Office Build-Out
4,840 SF
Taxes and HOA fees
Annual Taxes
$12,128
Amenities
Other
2.4
386-206-1735
false
18250
Building Details
Building Size
18,250 SF
Year Built
1978
Buildings
1
Construction
metal
Listing Agency:
(407) 890-1354
Listed By:
Julie Sanchez
(407) 890-1354
Source:
Therealestatecollection
Added: Jul 7
Changed: Aug 30
Last Checked: Aug 30 at 10:47PM
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 Julie Sanchez
Investment Insights
Based on property information with market context.
Built in 1978, this freestanding metal flex property combines 4,840 square feet of showroom and office area with 13,430 square feet of warehouse space. Garage bay doors support the building’s industrial configuration. The sale covers the real estate only; business assets, equipment, and contents are excluded.
The property is located outside the DeLand Airport and minutes from the DeLand Industrial Park, with access to the Orlando and Daytona Beach markets. The building is currently occupied, and prospective parties should direct inquiries through the listing agent rather than approaching the occupant. The address is 1315 E International Speedway Boulevard, DeLand, FL 32724.
The property is located outside the DeLand Airport and minutes from the DeLand Industrial Park, with access to the Orlando and Daytona Beach markets. The building is currently occupied, and prospective parties should direct inquiries through the listing agent rather than approaching the occupant. The address is 1315 E International Speedway Boulevard, DeLand, FL 32724.
Key Highlights
- 4,840 SF of showroom and office area
- 13,430 SF of warehouse space with garage bay doors
- Freestanding metal building constructed in 1978
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
$205,795
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
9.15%
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%
$4,115,900
$4.1M
Cap Rate 7%
$2,939,929
$2.9M
Cap Rate 9%
$2,286,611
$2.3M
Market Conditions
NOI Build-Up for 18,250 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
$346.0K $18.96/SF
− Vacancy
−$29.4K −$1.61/SF
EGI
$316.6K $17.35/SF
− OpEx
−$110.8K −$6.07/SF
NOI
$205.8K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
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%
$4,115,900
Cap Rate 7%
$2,939,929
Cap Rate 9%
$2,286,611
Alternative Uses
Best Use
Office B
$3.91M
$3.42M – $4.56M
NOI $273,476 @ 7.0% cap · market cap 12.15%
Second Best
Flex RnD
$2.94M
$2.57M – $3.43M
NOI $205,795 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$5.38M
$4.71M – $6.28M
NOI $376,680 @ 7.0% cap · market cap 16.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32724, FL
40,559
Population
18,555
Households
2.2
Avg Household Size
45
Median Age
31%
College-Educated
92%
High-School Grad
83.8 sq mi
ZIP Area
484
Density / Sq Mi
$72,729
Median Household Income
$41,204
Median Earnings
$1,184
Median Rent
$283,100
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.
Frequently Asked Questions
What type of property is this?
Flex space - Metal flex property combining showroom, office, and warehouse areas with garage bay access.
Where is this flex space located?
The property is located at 1315 E International Speedway Boulevard DeLand Deland, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 4,840 SF of showroom and office area; 13,430 SF of warehouse space with garage bay doors; Freestanding metal building constructed in 1978
