Renovated Freestanding Office
191 Endicott Way, Deland, FL 32724
For Sale
Contact for pricing
Current zoning permits medical and general office, preschool, and restaurant uses, among others.
Property Size6,200 SF
Price / SF$362.90
Days on Market15
Property Features for 191 Endicott Way
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Asking Price
Property Use
Amenities
security system
high efficiency HVAC systems
large windows
Building Details
Year Renovated
Buildings
Building Size
Listing Agency:
Commercial Real Estate Professionals Inc
Listed By:
Mark Allen · License FL #3246800
(321) 689-8000
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 5:20PM
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 Commercial Real Estate Professionals Inc
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Investment Insights
Based on property information with market context.
This freestanding 6,200(+/-) SF office building has large rooms and offices, large windows, and a newer security system. Recent work includes three new high-efficiency Carrier HVAC systems, a new roof, 22 new windows, interior and exterior repairs and painting, and gutter and downspout work. Parking lot resealing and striping is also planned.
Key Highlights
- 6,200(+/-) SF freestanding office building
- Three new high‑efficiency Carrier HVAC systems installed in December 2025
- New roof installed in June 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,907
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,858,140
$1.9M
Cap Rate 7%
$1,327,243
$1.3M
Cap Rate 9%
$1,032,300
$1.0M
Market Conditions
NOI Build-Up for 6,200 SF
Gross rent
$133.9K $21.60/SF
− Vacancy
−$10.0K −$1.62/SF
EGI
$123.9K $19.98/SF
− OpEx
−$31.0K −$5.00/SF
NOI
$92.9K $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 Rate 5%
$1,858,140
Cap Rate 7%
$1,327,243
Cap Rate 9%
$1,032,300
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $92,907 @ 7.0% cap · market cap 4.13%
Second Best
Healthcare Medical
$1.29M
$1.13M – $1.50M
NOI $90,195 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,968 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
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Business Placement
Demographics for 32724, FL
40,559
Population
18,555
Households
2.2
Avg Household Size
45
Median Age
31%
College-Educated
92%
High-School Grad
83.8 sq mi
ZIP Area
484
Density / Sq Mi
$72,729
Median Household Income
$41,204
Median Earnings
$1,184
Median Rent
$283,100
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Volusia County, FL
Properties on Market for Office buildings in Volusia County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Current zoning permits medical and general office, preschool, and restaurant uses, among others.
Where is this office building located?
The property is located at 191 Endicott Way Deland, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 6,200(+/-) SF freestanding office building; Three new high‑efficiency Carrier HVAC systems installed in December 2025; New roof installed in June 2026
