Auto Repair Shop with Multiple
For Sale
$999,900
309 S FLORIDA Avenue, Deland, FL 32720
Commercial Sale, DELAND, FL
Property Size12,228 SF
Lot Size0.91 Acres
Price / SF$81.77
Days on Market89
Property Features for 309 S FLORIDA Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security System
Subdivision
WALTS ADD 02 DELAND
Directions
From the main Woodland Blvd. take a left onto Voorhis Ave then a left on S. Florida and it will be on the corner on the left
Standard status
Active
APN
701620010080
Size
12,228 SF
Lot size
0.91 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 8 BLK 1 WALTS 2ND ADD DELAND MB 2 PG 105 PER OR 4434 PG 2430
Tax Annual Amount
5644
Legal Description
LOT 8 BLK 1 WALTS 2ND ADD DELAND MB 2 PG 105 PER OR 4434 PG 2430
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
waiting room
office
2 bathrooms
parts room
upstairs apartment
storage areas
Building Details
Year built
1930
Building materials
Block
Roof type
Metal
Listing Agency:
COLDWELL BANKER REALTY
(407) 696-8000
Listed By:
Tracy Phillips, LLC · License #3308657
(386) 747-4914
Added: May 29
Changed: Aug 24
Last Checked: Aug 25 at 7:06AM
MLS# V4949349
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This established automotive property includes 12,228 square feet of usable working space across three individual parcels totaling 0.91 acres. The layout includes seven service bays, six car lifts, a waiting room, office, two bathrooms, parts room, upstairs apartment, and multiple storage areas. Three front bays provide height suitable for semi-truck access, while four additional bays and a bathroom are located toward Voorhis Avenue. Equipment, including a commercial-sized compressor and lifts, may remain subject to negotiation.
Access is available from S Florida Avenue, W Voorhis Avenue, and W New Street. The property includes a vacant lot on the New Street side for additional parking, along with separate entry areas that support divided use of the building. Constructed in 1930 with block construction, the facility has a metal roof, public water, and public sewer. The sale includes the parcels at 136 W Voorhis Ave and 141 W New St in Deland, Florida, near downtown restaurants, shops, and events.
Access is available from S Florida Avenue, W Voorhis Avenue, and W New Street. The property includes a vacant lot on the New Street side for additional parking, along with separate entry areas that support divided use of the building. Constructed in 1930 with block construction, the facility has a metal roof, public water, and public sewer. The sale includes the parcels at 136 W Voorhis Ave and 141 W New St in Deland, Florida, near downtown restaurants, shops, and events.
Key Highlights
- 12,228 square feet of usable working space across 3 parcels
- 0.91 acres combined across the three included parcels
- 7 service bays and 6 car lifts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,799
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,455,980
Cap Rate 7%
$1,039,986
Cap Rate 9%
$808,878
Alternative Uses
Best Use
Flex RnD
$1.97M
$1.72M – $2.30M
NOI $137,889 @ 7.0% cap · market cap 13.79%
Second Best
Retail
$1.65M
$1.44M – $1.92M
NOI $115,169 @ 7.0% cap · market cap 11.52%
Theoretical Best
Office A
$3.61M
$3.15M – $4.21M
NOI $252,386 @ 7.0% cap · market cap 25.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Drive-in doors
7
Service bays
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,665
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive facility with service bays, offices, storage, and multiple access points.
Where is this auto shop located?
The property is located at 309 S FLORIDA Avenue Deland, FL.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 12,228 square feet of usable working space across 3 parcels; 0.91 acres combined across the three included parcels; 7 service bays and 6 car lifts
