Turnkey Office Condo with
1607 S STATE ROAD 15A 11 Deland, FL 32720
For Sale
$349,900
Fully renovated office condo offers ADA access and assigned parking within a four-unit professional plaza.
Property Size1,700 SF
Price / SF$205.82
Days on Market54
Property Features for 1607 S STATE ROAD 15A 11
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2006
Listing Agency:
AMERICAN PREMIER REALTY LLC
(386) 337-2383
Listed By:
Rick Hains
(386) 337-2383
Source:
Elliman
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 26 at 6:28AM
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 AMERICAN PREMIER REALTY LLC
Investment Insights
Based on property information with market context.
This turnkey 1,700 SF professional office condo is located within a well-maintained four-unit professional shopping plaza and was built in 2006. The space has been fully renovated and is ready for immediate occupancy, including freshly painted interior and exterior finishes. Improvements include brand new front LED signage, luxury vinyl flooring, and commercial carpet throughout. The layout features a spacious reception and waiting area, a kitchen area with ample storage, and a separate network and storage area. Additional rooms include 2 to 3 private offices or conference rooms, along with a wide open work space that can be configured to fit a variety of office users.
The property is positioned along SR 15A with high visibility, supported by access from both directions on the corridor. Assigned parking is included, and the condo association fees cover water, outside maintenance, landscaping, exterior property liability insurance, trash collection, and other related services.
Designed for professional teams that need a move-in-ready setting, this condo supports standard office operations with dedicated reception space, private rooms for meetings or offices, and a flexible open work area. The available build-out also makes it well-suited for users seeking convenience without additional renovation work.
The property is positioned along SR 15A with high visibility, supported by access from both directions on the corridor. Assigned parking is included, and the condo association fees cover water, outside maintenance, landscaping, exterior property liability insurance, trash collection, and other related services.
Designed for professional teams that need a move-in-ready setting, this condo supports standard office operations with dedicated reception space, private rooms for meetings or offices, and a flexible open work area. The available build-out also makes it well-suited for users seeking convenience without additional renovation work.
Key Highlights
- 1,700 SF professional office condo built in 2006, located within a four‑unit professional shopping plaza in DeLand
- ADA accessible; freshly painted inside & out and updated finishes including luxury vinyl and commercial carpet
- Fully built out with spacious reception and waiting area, plus 2–3 private offices or conference rooms and wide open work space
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $21.60 |
| − Vacancy | −$2.8k | −$1.62 |
| EGI | $34.0k | $19.98 |
| − OpEx | −$8.5k | −$5.00 |
| NOI | $25.5k | $14.99 |
1,700 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$363.9K
$318.4K – $424.6K
NOI $25,475 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$501.3K
$438.6K – $584.8K
NOI $35,088 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Fully renovated office condo offers ADA access and assigned parking within a four-unit professional plaza.
Where is this office units located?
The property is located at 1607 S STATE ROAD 15A 11 Deland, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,700 SF professional office condo built in 2006, located within a four‑unit professional shopping plaza in DeLand; ADA accessible; freshly painted inside & out and updated finishes including luxury vinyl and commercial carpet; Fully built out with spacious reception and waiting area, plus 2–3 private offices or conference rooms and wide open work space
