Turnkey Professional Office
1607 S State Road 15a Unit 11 Deland, FL 32720
1607 S State Road 15a Unit 11, Deland, FL, 32720
$349,900
For Sale
$349,900
Turnkey, fully renovated office condo in a four-unit shopping plaza with ADA accessibility and assigned parking.
Property Size1,700 SF
Price / SF$205.82
Days on Market69
Property Features for 1607 S State Road 15a Unit 11
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing agency
AMERICAN PREMIER REALTY LLC
(386) 337-2383
Listed by
Rick Hains
Source
Xome
Added: May 14 Updated: Jul 20 at 7:17PM Checked: Jul 21 at 3:12AM
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.
Turnkey 1,700 SF professional office condo available for sale within a well-maintained four-unit professional shopping plaza. Built in 2006 and ADA accessible, the suite is fully built out and occupant ready, with fresh interior and exterior paint, brand new front LED signage, luxury vinyl flooring, and commercial carpet. The layout includes a spacious reception and waiting area, a kitchen area with ample storage, a separate network/storage area, and a wide open work space. There are also 2–3 private offices or conference rooms, offering flexible configuration for day-to-day operations.
The property is positioned along SR 15A with visibility from both directions and proximity to downtown DeLand, Orange City, medical, and shopping.
Condo association fees cover water, exterior maintenance, landscaping, exterior property liability insurance, and trash collection, among other services. Artwork does not convey.
The property is positioned along SR 15A with visibility from both directions and proximity to downtown DeLand, Orange City, medical, and shopping.
Condo association fees cover water, exterior maintenance, landscaping, exterior property liability insurance, and trash collection, among other services. Artwork does not convey.
Key Highlights
- 1,700 SF professional office condo built in 2006 within a well‑maintained four‑unit professional shopping plaza
- Fully renovated with freshly painted interior and exterior; brand new front LED signage
- ADA accessibility and central air cooling; guest facilities available (3)
Local 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
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Turnkey, fully renovated office condo in a four-unit shopping plaza with ADA accessibility and assigned parking.
Where is this office units located?
The property is located at 1607 S State Road 15a Unit 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 within a well‑maintained four‑unit professional shopping plaza; Fully renovated with freshly painted interior and exterior; brand new front LED signage; ADA accessibility and central air cooling; guest facilities available (3)
