Property profile

1601 N Woodland Blvd Deland, FL 32720

FOR SALE
Drive through restaurants
Property ID
US18-8860355
1,593 SF 0.91 ac lot Built 2003
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 39,640-square-foot retail property, located at 1601 N Woodland Blvd in DeLand, Florida (32724), presents a unique investment opportunity. The vacant site, formerly a Sonic Drive-In, sits on a 0.91-acre lot and boasts a prime location on a heavily trafficked road, experiencing approximately 30,000 cars daily. Its strategic placement among established national franchises like Chili's, Walmart, and Zaxby's ensures high visibility and consistent foot traffic. The area is experiencing significant growth, with recent additions such as a Hampton Inn across the street and a new Culver's, along with upcoming developments including a Chipotle and Starbucks near existing businesses like Planet Fitness and McDonald's. The property features existing plumbing and electricity. The building and appliances are sold "as is." The property is zoned C-2 (City of DeLand) and was built in 2003. The asking price is $975,000, translating to a land value of $20.06 per square foot. This presents a compelling opportunity to capitalize on the burgeoning DeLand market and establish a thriving retail presence.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2003
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,593 SF
Lot 0.91 ac (39,640 SF)
Zoning code C2
APN 6033-06-01-0010
UPID US18-8860355

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1601 N Woodland Blvd Deland, FL 32720
Deland metro Census 90303 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2023
Last sale
$350,000
6 recorded transactions
2023
$350,000
2022
$361,400
2017
$675,000
2008
$1.3M
2003
Price N/A
2002
$190,000

Zoning & alternative use

C2 · Deland, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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