Seven-Bay Auto Repair
New
For Sale
$899,900
309 S FLORIDA, Deland, FL 32720
Three access points and multiple work areas allow the building to be configured for separate operations.
Property Size12,228 SF
Lot Size0.91 Acres
Price / SF$73.59
Days on Market1
Property Features for 309 S FLORIDA
General Information
Standard status
Active
Size
12,228 SF
Lot size
0.91 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Service Bays
7
Taxes and HOA fees
Annual Taxes
$5,644
Amenities
waiting room
office
bathrooms
parts room
upstairs apartment
storage areas
Building Details
Building Size
12,228 SF
Year Built
1930
Buildings
1
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
Desirae Foster · License #3333389
(904) 449-0881
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:03PM
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 COLDWELL BANKER REALTY
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Investment Insights
Based on property information with market context.
Set up for automotive repair, this 12,228-square-foot property spans three parcels totaling 0.91 acres. The shop has 7 bays and 6 lifts, with three front bays tall enough for semi trucks. Interior areas include a waiting room, office, parts room, two bathrooms, an upstairs apartment, and separate storage spaces. Additional equipment, including a commercial compressor and motor lifts, may be included by negotiation.
Access is available from S Florida, W Voorhis Ave, and W New St. The Voorhis Ave side has four more bays, a bathroom, and parking; the New St parcel is vacant and provides additional parking. The property is at the end of downtown DeLand, within walking distance of restaurants, shops, and events.
Access is available from S Florida, W Voorhis Ave, and W New St. The Voorhis Ave side has four more bays, a bathroom, and parking; the New St parcel is vacant and provides additional parking. The property is at the end of downtown DeLand, within walking distance of restaurants, shops, and events.
Key Highlights
- 12,228 square feet across three parcels totaling 0.91 acres
- 7 bays and 6 lifts; three front bays accommodate semi trucks
- Three access points: S Florida, W Voorhis Ave, and W New St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,799
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,455,980
$1.5M
Cap Rate 7%
$1,039,986
$1.0M
Cap Rate 9%
$808,878
$808.9K
Market Conditions
NOI Build-Up for 12,228 SF
Gross rent
$110.1K $9.00/SF
− Vacancy
−$6.1K −$0.50/SF
EGI
$104.0K $8.50/SF
− OpEx
−$31.2K −$2.55/SF
NOI
$72.8K $5.95/SF
Area
Volusia County, FL
Vacancy
5.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,455,980
Cap Rate 7%
$1,039,986
Cap Rate 9%
$808,878
Alternative Uses
Best Use
Retail
$1.65M
$1.44M – $1.92M
NOI $115,169 @ 7.0% cap · market cap 12.80%
Second Best
Industrial
$1.04M
$910.0K – $1.21M
NOI $72,799 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$3.61M
$3.15M – $4.21M
NOI $252,386 @ 7.0% cap · market cap 28.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
7
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,859
Businesses Nearby
67k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 39%
Hotels & Casinos 8%
Checkers
Dining
9,003 visits/mo
0.5 miles
Firehouse Subs
Dining
8,924 visits/mo
0.2 miles
7-Eleven
Shops & Services
8,567 visits/mo
0.2 miles
Bank of America
Shops & Services
8,421 visits/mo
0.2 miles
Wells Fargo
Shops & Services
5,279 visits/mo
0.4 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Don's Auto Repair — 309 S Florida Ave, DeLand, FL 32720
- DELAND MOTOR SALES & SERVICE — 123 s florida ave, deland, fl 32720
- Campus Towing — 801 w new york ave, deland, fl 32720
- B.A.B Towing — 801 New York Ave W, DeLand, FL 32720
- Ashlie's auto repair — 620 New York Ave W, DeLand, FL 32720
Frequently Asked Questions
What type of property is this?
Auto shop - Three access points and multiple work areas allow the building to be configured for separate operations.
Where is this auto shop located?
The property is located at 309 S FLORIDA Deland, FL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 12,228 square feet across three parcels totaling 0.91 acres; 7 bays and 6 lifts; three front bays accommodate semi trucks; Three access points: S Florida, W Voorhis Ave, and W New St
