Building Details

Year built 1973

Listing Agency: Coldwell Banker Commercial Benchmark Show Phone

Listed By: Holly Booth Show Phone

Added: Aug 26 Changed: Oct 2 Last Checked: Oct 18 at 3:06PM

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MLS# 1230113

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.

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Investment Insights

Based on property information with market context.

This 6.79-acre commercial land tract carries B-6 Highway Interchange Commercial zoning and is positioned beside the I-4 interchange at SR 44 in DeLand. The property was previously developed with a 105-room exterior-corridor motel, an on-site restaurant, and a bar; those operations are no longer active.

The zoning framework allows a broad range of commercial and institutional uses, including hotel or motel development, automotive service stations, convenience stores with fuel, RV sales and service, restaurants, schools, and houses of worship. The site is highly visible from I-4 and offers a redevelopment setting for either a new project or repositioning of the former hospitality property.

Key Highlights

• 6.79‑acre commercial land tract
• B‑6 Highway Interchange Commercial zoning
• Directly adjacent to the I‑4 interchange at SR 44

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$179,550

Cap Rate

3.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,591,000 $3.6M

Cap Rate 7%

$2,565,000 $2.6M

Cap Rate 9%

$1,995,000 $2.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 50,000 SF

Gross rent

$900.0K $18.00/SF

− Vacancy

−$522.0K −$10.44/SF

EGI

$378.0K $7.56/SF

− OpEx

−$198.5K −$3.97/SF

NOI

$179.6K $3.59/SF

Area

Volusia County, FL

Vacancy

58.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,591,000

Cap Rate 7%

$2,565,000

Cap Rate 9%

$1,995,000

Alternative Uses

Best Use

Hotel Hospitality

$2.56M

$2.24M – $2.99M (±1% cap)

NOI $179,550 @ 7.0% cap · market cap 3.66%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$14.74M

$12.90M – $17.20M (±1% cap)

NOI $1,032,000 @ 7.0% cap · market cap 21.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

MVR INC Marketing & Advertising Deland West Substation Electrical Substation LibertyX Bitcoin ATM Atm

Suggested Use

Top Pick Building Supply Parking Lot & Garage Plumbing Service Auto Parts Store Home Appliance Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

26

Businesses Nearby

Explore this area 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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Frequently Asked Questions

What type of property is this?

Commercial land - B-6 zoning allows hotel, restaurant, automotive, worship, educational, and convenience-oriented development.

Where is this commercial land located?

The property is located at 2801 E New York Avenue Deland, FL.

What is the asking price?

The asking price for this property is $4,900,000.

What are key features of this property?

This property features: 6.79‑acre commercial land tract; B‑6 Highway Interchange Commercial zoning; Directly adjacent to the I‑4 interchange at SR 44