DeLand Commercial Building
For Sale
$580,000
247 S Amelia Avenue, Deland, FL 32724
Over 5,000 SF commercial building near downtown DeLand.
Property Size5,250 SF
Price / SF$110.48
Days on Market360
Property Features for 247 S Amelia Avenue
General Information
Standard status
Active
Size
5,250 SF
Property subtype
Commercial
Building Details
Year Built
1961
Listing Agency:
GREENE REALTY OF FLORIDA LLC
Listed By:
Russell Hamil · License #3227194
(386) 785-4474
Source:
Realtygroupfl
Added: Oct 31, 2025
Changed: Oct 25
Last Checked: Oct 24 at 10:34PM
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 GREENE REALTY OF FLORIDA LLC
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Investment Insights
Based on property information with market context.
This is a rare opportunity to own a commercial building with over 5,000 square feet of space. The property is located at a lighted intersection near historic downtown DeLand. The zoning is City of DeLand C-2, which allows for a variety of commercial uses. These include professional and medical offices, salons, daycare facilities, banquet and catering services, restaurants, coffee shops, and retail establishments. The building features an open-span steel frame structure with masonry walls and a concrete slab foundation, as well as a loading dock. A partial interior buildout exists for the current use, but further interior buildout will be needed to accommodate future uses. The property is located in a visible and rapidly redeveloping location near downtown DeLand and Stetson University. The property is sold AS-IS.
Key Highlights
- Over 5,000 sf commercial building in a rapidly redeveloping location near downtown DeLand and Stetson University.
- Located at a lighted intersection with high visibility.
- City of DeLand C‑2 zoning allows for a myriad of commercial uses (Professional/Medical Offices, Salons, Daycare, Banquet/Catering, Restaurant, Coffee Shop, Retail, etc.).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,447
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,940
$988.9K
Cap Rate 7%
$706,386
$706.4K
Cap Rate 9%
$549,411
$549.4K
Market Conditions
NOI Build-Up for 5,250 SF
Gross rent
$78.8K $15.00/SF
− Vacancy
−$8.1K −$1.55/SF
EGI
$70.6K $13.46/SF
− OpEx
−$21.2K −$4.04/SF
NOI
$49.4K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,940
Cap Rate 7%
$706,386
Cap Rate 9%
$549,411
Alternative Uses
Best Use
Specialty Retail
$1.14M
$996.5K – $1.33M
NOI $79,723 @ 7.0% cap · market cap 13.75%
Second Best
Office B
$1.12M
$983.4K – $1.31M
NOI $78,671 @ 7.0% cap · market cap 13.56%
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,360 @ 7.0% cap · market cap 18.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,776
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Over 5,000 SF commercial building near downtown DeLand.
Where is this commercial land located?
The property is located at 247 S Amelia Avenue Deland, FL.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Over 5,000 sf commercial building in a rapidly redeveloping location near downtown DeLand and Stetson University.; Located at a lighted intersection with high visibility.; City of DeLand C‑2 zoning allows for a myriad of commercial uses (Professional/Medical Offices, Salons, Daycare, Banquet/Catering, Restaurant, Coffee Shop, Retail, etc.).
