235 N Amelia Ave Deland, FL 32724
Retail strip center near Stetson University with value-add potential.
Property Features for 235 N Amelia Ave
General Information
- Standard status
- Active
- Size
- 12,845 SF
- Property subtype
- Retail
Listing office SVN | Alliance Commercial Real Estate Advisors (386) 295-9676
Listing date Nov 21, 2025
Source Svn
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 SVN | Alliance Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
Key Highlights
- Strategically located next to Stetson University, providing high visibility and consistent consumer traffic.
- High occupancy rate (94%) with a diverse and well‑balanced tenant mix.
- Strong daytime population (over 17,000 within 1‑mile).
Local Financial Insights For Retail
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 | $192.7k | $15.00 |
| − Vacancy | −$19.8k | −$1.55 |
| EGI | $172.8k | $13.46 |
| − OpEx | −$51.8k | −$4.04 |
| NOI | $121.0k | $9.42 |
