Bank Building with
New
For Sale
$1,100,000
892 DELTONA, Deltona, FL 32725
Recent updates and a bank vault are among the property’s documented features.
Property Size4,297 SF
Days on Market1
Property Features for 892 DELTONA
General Information
Standard status
Active
Size
4,297 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,485
Building Details
Building Size
4,297 SF
Year Built
1981
Listing Agency:
SWANN REAL ESTATE INC
Listed By:
Donald Hutchins
(386) 479-3975
Source:
Elliman
Added: Oct 1
Last Checked: Oct 1 at 10:16AM
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 SWANN REAL ESTATE INC
Investment Insights
Based on property information with market context.
Built in 1981, this former Suntrust Bank property contains 4,297 square feet and includes a bank vault. Recent updates and upgrades have been made to the building.
The property occupies over .6 acres, with exposure from Deltona Blvd and Entreprise Rd.
The property occupies over .6 acres, with exposure from Deltona Blvd and Entreprise Rd.
Key Highlights
- 4,297 square feet of building area
- Over .6 acres
- Includes a bank vault
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
$65,251
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
5.93%
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%
$1,305,020
$1.3M
Cap Rate 7%
$932,157
$932.2K
Cap Rate 9%
$725,011
$725.0K
Market Conditions
NOI Build-Up for 4,297 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
$94.4K $21.96/SF
− Vacancy
−$7.4K −$1.71/SF
EGI
$87.0K $20.25/SF
− OpEx
−$21.8K −$5.06/SF
NOI
$65.3K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /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%
$1,305,020
Cap Rate 7%
$932,157
Cap Rate 9%
$725,011
Alternative Uses
Best Use
Specialty Retail
$932.2K
$815.6K – $1.09M
NOI $65,251 @ 7.0% cap · market cap 5.93%
Second Best
Retail
$578.2K
$505.9K – $674.5K
NOI $40,471 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,690 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
5,766 visits/mo
0.1 miles
BP
Shops & Services
4,384 visits/mo
0.1 miles
Citgo
Shops & Services
3,245 visits/mo
0.1 miles
Extra Space Storage
Shops & Services
693 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Recent updates and a bank vault are among the property’s documented features.
Where is this bank located?
The property is located at 892 DELTONA Deltona, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,297 square feet of building area; Over .6 acres; Includes a bank vault
