DeLand Commercial Corner
For Sale
$644,900
1319 S WOODLAND Blvd, Deland, FL 32720
Versatile commercial property with three buildings on a corner lot.
Property Size3,394 SF
Lot Size0.60 Acres
Days on Market156
Property Features for 1319 S WOODLAND Blvd
General Information
Standard status
Active
Size
3,394 SF
Lot size
0.60 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,976
Building Details
Building Size
3,394 SF
Year Built
1952
Listing Agency:
Kemp Realty Group
(386) 801-4276
Listed By:
Maureen Kemp · License #510089
(386) 801-4276
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:54AM
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 Kemp Realty Group
Investment Insights
Based on property information with market context.
This commercial property in DeLand, Florida, features a prime corner location on South Woodland Boulevard. The property is zoned C2 and includes three separate buildings within a fully fenced corner lot. One building is currently leased to two tenants and provides customer parking. The other two buildings consist of a large dual warehouse with an attached carport, plus an auxiliary studio building with one full bath that functions as a small office. The studio also has a connecting carport. Two large gates facilitate ingress and egress, allowing traffic to flow through in a circular pattern. The back of the lot is fully fenced, creating a compound arrangement suitable for securing work vehicles and materials.
Key Highlights
- Prime corner location on busy S Woodland Blvd with high visibility
- Versatile property with three separate buildings on a fully fenced lot
- Zoned C2 for commercial use
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
$50,859
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
7.89%
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%
$1,017,180
$1.0M
Cap Rate 7%
$726,557
$726.6K
Cap Rate 9%
$565,100
$565.1K
Market Conditions
NOI Build-Up for 3,394 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
$73.3K $21.60/SF
− Vacancy
−$5.5K −$1.62/SF
EGI
$67.8K $19.98/SF
− OpEx
−$17.0K −$5.00/SF
NOI
$50.9K $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%
$1,017,180
Cap Rate 7%
$726,557
Cap Rate 9%
$565,100
Alternative Uses
Best Use
Office B
$726.6K
$635.7K – $847.7K
NOI $50,859 @ 7.0% cap · market cap 7.89%
Second Best
Mixed Use
$598.9K
$524.1K – $698.7K
NOI $41,924 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$1.00M
$875.7K – $1.17M
NOI $70,052 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
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 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?
Mixed-use property - Versatile commercial property with three buildings on a corner lot.
Where is this mixed-use property located?
The property is located at 1319 S WOODLAND Blvd Deland, FL.
What is the asking price?
The asking price for this property is $644,900.
What are key features of this property?
This property features: Prime corner location on busy S Woodland Blvd with high visibility; Versatile property with three separate buildings on a fully fenced lot; Zoned C2 for commercial use
