Freestanding Office Building with
For Sale
$675,000
344 South Woodland Boulevard, Deland, FL 32720
Multiple private offices, reception space, a kitchenette, and two restrooms create a practical professional office layout.
Property Size2,404 SF
Price / SF$281.25
Days on Market67
Property Features for 344 South Woodland Boulevard
General Information
Standard status
Active
Size
2,404 SF
Class
C
Property subtype
Multi Tenant Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
2,404 SF
Year Built
2006
Buildings
1
Listing Agency:
Swann Real Estate
(386) 738-3688
Listed By:
J. Todd Swann · License #206141
(386) 738-3688
Source:
Thebrokerlist
Added: Jun 25
Changed: Aug 29
Last Checked: Jun 23 at 7:19PM
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 Swann Real Estate
Investment Insights
Based on property information with market context.
This stand-alone office property provides 2,400 square feet of professional workspace in a dedicated building. The interior includes multiple private offices, a kitchenette, two restrooms, a foyer, and a reception area, supporting a range of office configurations. On-site parking adds convenience for occupants and visitors.
The property fronts Woodland Boulevard in Downtown DeLand, along the city’s main thoroughfare. Woodland Boulevard carries more than 20,000 cars daily, while access to I-4 is approximately an 8–10 minute drive. Stetson University, the Volusia County Government Complex, Athens Theatre, and Artisan Alley are nearby. The building was constructed in 2006.
The property fronts Woodland Boulevard in Downtown DeLand, along the city’s main thoroughfare. Woodland Boulevard carries more than 20,000 cars daily, while access to I-4 is approximately an 8–10 minute drive. Stetson University, the Volusia County Government Complex, Athens Theatre, and Artisan Alley are nearby. The building was constructed in 2006.
Key Highlights
- 2,400‑square‑foot stand‑alone office building
- Frontage on Woodland Boulevard in Downtown DeLand
- Multiple private offices with foyer and reception area
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
$35,964
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
5.33%
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%
$719,280
$719.3K
Cap Rate 7%
$513,771
$513.8K
Cap Rate 9%
$399,600
$399.6K
Market Conditions
NOI Build-Up for 2,400 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
$51.8K $21.60/SF
− Vacancy
−$3.9K −$1.62/SF
EGI
$48.0K $19.98/SF
− OpEx
−$12.0K −$5.00/SF
NOI
$36.0K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$719,280
Cap Rate 7%
$513,771
Cap Rate 9%
$399,600
Alternative Uses
Best Use
Office B
$513.8K
$449.6K – $599.4K
NOI $35,964 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$707.7K
$619.2K – $825.6K
NOI $49,536 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,625
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multiple private offices, reception space, a kitchenette, and two restrooms create a practical professional office layout.
Where is this office building located?
The property is located at 344 South Woodland Boulevard Deland, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,400‑square‑foot stand‑alone office building; Frontage on Woodland Boulevard in Downtown DeLand; Multiple private offices with foyer and reception area
