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    228 E New York Avenue Deland, FL 32724

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    Picture of Office Units at 228 E New York Avenue, Deland, FL
    Pending
    $800/Mo $6 SF/Yr (calc)

    COMMERCIAL - DeLand, FL

    Type:Office
    Property size:
    1,500 SF
    Lot size:
    0.06 Acres
    Added:
    Feb 4, 2026
    Days on Market:
    86
    Last Refresh:
    May 1 at 12:06 am

    Property Features for 228 E New York Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Parking Lot
    Security features
    Security Lighting
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Pending
    APN
    7016-47-00-0050
    Size
    1,500 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 5 & 1/6 INT IN LOT 7 MOROZ SUB LOT 1 BLK 1 HOWRYS ADD MB 19 PG 68 PER OR 4278 PG 1939 PER OR 5369 PG 2234 PER OR 8516 PG 3056
    Tax Annual Amount
    3999

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1953
    Flooring type
    Tile
    Building materials
    Block
    Roof type
    Composition

    We can help!

    Listing Contact
    Dan Lyonnais

    Listing agent Dan Lyonnais

    Listing office Adams, Cameron & Co., Realtors 600 S Atlantic Ave, Daytona Beach, FL

    Listing date Feb 4, 2026

    MLS# 1222625

    Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown DeLand Executive Office Space

    This newly remodeled, executive-level office suite is move-in ready and located in downtown DeLand. The space is suitable for a growing business, a satellite office, or a professional seeking a high-quality, convenient location. The suite features modern finishes throughout and includes two private 11' x 9' offices and a dedicated storage closet. A new ADA-compliant restroom is included. Ample, dedicated parking is available for occupants and clients. The monthly rate is $800, and all utilities are included, excluding internet service. The property is situated on a lot of 0.06 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Christopher J. Cowell ... Dental Office Southern Exclusive Realty Real Estate Agency John Yeater Real ... Real Estate Agency Glenn L. Nye Law Firm Buckhead Accounting Group Accounting Firm

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.299996
    Latitude
    29.027781

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    FAQs

    What type of property is this?
    Office units - Move-in ready office suite in vibrant downtown DeLand.
    Where is this office units located?
    The property is located at 228 E New York Avenue Deland, FL.
    What is the lease rate?
    The lease rate is $800 /Mo.
    What are key features of this property?
    This property features: Move‑in ready, newly remodeled office suite with modern finishes.; Prime downtown Deland location, steps from amenities.; All‑inclusive $800 monthly rent (excluding internet).
    (386) 852-7932
    We can help!
    Listing Contact
    Dan Lyonnais
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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