Office Property with Three-Street
New
For Sale
$650,000
219 S SPRING GARDEN AVENUE, Deland, FL 32720
The two-parcel, B4-zoned offering includes an existing office layout and a vacant parcel in DeLand.
Property Size2,377 SF
Lot Size0.71 Acres
Price / SF$221.31
Days on Market4
Property Features for 219 S SPRING GARDEN AVENUE
General Information
Standard status
Active
Size
2,377 SF
Lot size
0.71 Acres
Property subtype
Office
Zoning
B4
Site & Location
Traffic Count
24,000 vehicles/day
Road Access
Yes
Public Transit
Yes
Additional Details
Land Use
commercial, office
Building Details
Year Built
1955
Buildings
1
Building Size
2,377 SF
Listing Agency:
NORTHWEST SQUARE REALTY LLC
(386) 334-1116
Listed By:
Jessica Levings · License #3385554
Source:
Dennisrealty
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:14AM
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 NORTHWEST SQUARE REALTY LLC
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Investment Insights
Based on property information with market context.
The offering combines two parcels totaling 0.71 acres in DeLand. One contains an office building constructed in 1955, with four offices, a reception and waiting area, three storage rooms, a supply closet with a janitor’s sink, two bathrooms, and a kitchen. The second parcel is vacant. The existing office can remain in its current configuration, while the combined site is also described as an option for redevelopment. B4 zoning applies to both parcels.
Access and frontage extend along S Spring Garden Avenue (SR 15A), Voorhis Avenue, and S Dexter Avenue. The roadway segment near the property records approximately 24,000 vehicles per day in FDOT’s 2025 annual average daily traffic data. Downtown DeLand is 1.5 miles east, the DeLand SunRail station is 2 miles southwest, and Ed Stone Park and the St. Johns River boat ramp are 4 miles west. The source also identifies 2,029 planned housing units within a five-mile radius.
Access and frontage extend along S Spring Garden Avenue (SR 15A), Voorhis Avenue, and S Dexter Avenue. The roadway segment near the property records approximately 24,000 vehicles per day in FDOT’s 2025 annual average daily traffic data. Downtown DeLand is 1.5 miles east, the DeLand SunRail station is 2 miles southwest, and Ed Stone Park and the St. Johns River boat ramp are 4 miles west. The source also identifies 2,029 planned housing units within a five-mile radius.
Key Highlights
- Two parcels totaling 0.71 acres, with frontage and access along S Spring Garden Avenue (SR 15A), Voorhis Avenue, and S Dexter Avenue
- B4 zoning on both parcels
- Existing office building includes 4 offices, reception and waiting space, 3 storage rooms, a kitchen, and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,011
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,220
$880.2K
Cap Rate 7%
$628,729
$628.7K
Cap Rate 9%
$489,011
$489.0K
Market Conditions
NOI Build-Up for 2,937 SF
Gross rent
$63.4K $21.60/SF
− Vacancy
−$4.8K −$1.62/SF
EGI
$58.7K $19.98/SF
− OpEx
−$14.7K −$5.00/SF
NOI
$44.0K $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%
$880,220
Cap Rate 7%
$628,729
Cap Rate 9%
$489,011
Alternative Uses
Best Use
Office B
$628.7K
$550.1K – $733.5K
NOI $44,011 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$866.0K
$757.8K – $1.01M
NOI $60,620 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
24,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Explore this area
Business Placement
Demographics for 32720, FL
33,568
Population
13,962
Households
2.4
Avg Household Size
45
Median Age
24%
College-Educated
88%
High-School Grad
66.3 sq mi
ZIP Area
506
Density / Sq Mi
$67,512
Median Household Income
$39,159
Median Earnings
$1,177
Median Rent
$280,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The two-parcel, B4-zoned offering includes an existing office layout and a vacant parcel in DeLand.
Where is this office building located?
The property is located at 219 S SPRING GARDEN AVENUE Deland, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two parcels totaling 0.71 acres, with frontage and access along S Spring Garden Avenue (SR 15A), Voorhis Avenue, and S Dexter Avenue; B4 zoning on both parcels; Existing office building includes 4 offices, reception and waiting space, 3 storage rooms, a kitchen, and 2 bathrooms
