Industrial
For Sale
Contact for pricing
2451 W New York Ave, Deland, FL 32720
The property carries I-1 zoning and was constructed in 1981.
Property Size40,320 SF
Price / SF$123.76
Days on Market224
Property Features for 2451 W New York Ave
General Information
Standard status
Active
Size
40,320 SF
Property subtype
Industrial
Zoning
I-1
Lease Type
NNN
Building Details
Year Built
1981
Listing Agency:
Boss Commercial Real Estate
Listed By:
Scott Garrett · License #FL
Source:
Crexi
Added: Mar 6
Changed: Oct 10
Last Checked: Oct 16 at 5:41AM
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 Boss Commercial Real Estate
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Investment Insights
Based on property information with market context.
This industrial warehouse contains 40,320 square feet and was built in 1981. The property is located at 2451 W New York Ave in DeLand, Florida, and is identified for I-1 industrial zoning.
Key Highlights
- 40,320‑square‑foot warehouse
- I‑1 industrial zoning
- Built in 1981
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$324,282
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,485,640
$6.5M
Cap Rate 7%
$4,632,600
$4.6M
Cap Rate 9%
$3,603,133
$3.6M
Market Conditions
NOI Build-Up for 40,320 SF
Gross rent
$401.6K $9.96/SF
− Vacancy
−$20.1K −$0.50/SF
EGI
$381.5K $9.46/SF
− OpEx
−$57.2K −$1.42/SF
NOI
$324.3K $8.04/SF
Area
Volusia County, FL
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,485,640
Cap Rate 7%
$4,632,600
Cap Rate 9%
$3,603,133
Alternative Uses
Best Use
Warehouse
$4.63M
$4.05M – $5.40M
NOI $324,282 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.89M
$10.40M – $13.87M
NOI $832,205 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - The property carries I-1 zoning and was constructed in 1981.
Where is this warehouse located?
The property is located at 2451 W New York Ave Deland, FL.
What is the asking price?
The asking price for this property is $4,990,000.
What are key features of this property?
This property features: 40,320‑square‑foot warehouse; I‑1 industrial zoning; Built in 1981
