Medical/Professional Office Building For
For Sale
Contact for pricing
Pending
425 S Woodland Blvd, Deland, FL 32720
Two-story medical/professional office building near downtown Deland and Stetson University.
Property Size15,174 SF
Days on Market919
Property Features for 425 S Woodland Blvd
General Information
Standard status
Pending
Size
15,174 SF
Class
A
Property subtype
Office
Zoning
C-2
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
2025
Year Renovated
2025
Units
6
Tenancy
Multi
Listing Agency:
Stream Realty Partners Miami
Listed By:
Scott Edwards · License #FL3436318
(407) 458-5404
Source:
Crexi
Added: Feb 27, 2024
Changed: Aug 27
Last Checked: Sep 2 at 8:25AM
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 Stream Realty Partners Miami
Investment Insights
Based on property information with market context.
This two-story medical/professional office building offers a total of 15,174 square feet. The property can be purchased as a condominium or as an entire building. Spaces are available ranging from 1,200 square feet up to the full 15,174 square feet. The building is offered in gray-shell condition, with an estimated delivery date of October 1, 2025. The location is within walking distance of downtown Deland and Stetson University, and 2.4 miles from the AdventHealth Deland hospital system. A new 180-unit multifamily development with 11,000 square feet of retail space is located one block away. The property features a parking ratio of 5 spaces per 1,000 square feet and 3-phase power. It is zoned C-2.
Key Highlights
- New construction (2025) with gray‑shell delivery, customizable from 1,200 SF to 15,174 SF.
- Strategic location: walking distance to Downtown Deland and Stetson University.
- High parking ratio: 5:1,000.
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
$227,382
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
4.28%
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%
$4,547,640
$4.5M
Cap Rate 7%
$3,248,314
$3.2M
Cap Rate 9%
$2,526,467
$2.5M
Market Conditions
NOI Build-Up for 15,174 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
$327.8K $21.60/SF
− Vacancy
−$24.6K −$1.62/SF
EGI
$303.2K $19.98/SF
− OpEx
−$75.8K −$5.00/SF
NOI
$227.4K $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%
$4,547,640
Cap Rate 7%
$3,248,314
Cap Rate 9%
$2,526,467
Alternative Uses
Best Use
Office B
$3.25M
$2.84M – $3.79M
NOI $227,382 @ 7.0% cap · market cap 4.28%
Second Best
Healthcare Medical
$3.15M
$2.76M – $3.68M
NOI $220,745 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$4.47M
$3.91M – $5.22M
NOI $313,191 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,418
Businesses Nearby
Balanced
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- FloridaWild Integrative Veterinary Center & Urgent Care — 115 E Euclid Ave, DeLand, FL 32724
- Dr. Erin Holder — 115 E Euclid Ave, DeLand, FL 32724
- Volusia Veterinary Services — 220 S Woodland Blvd, DeLand, FL 32720
- Kanfer Donald DVM — DeLand, FL 32721
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story medical/professional office building near downtown Deland and Stetson University.
Where is this medical office space located?
The property is located at 425 S Woodland Blvd Deland, FL.
What is the asking price?
The asking price for this property is $5,310,900.
What are key features of this property?
This property features: New construction (2025) with gray‑shell delivery, customizable from 1,200 SF to 15,174 SF.; Strategic location: walking distance to Downtown Deland and Stetson University.; High parking ratio: 5:1,000.
