Leased Industrial Flex
For Sale
$925,000
480 Old Daytona Road, Deland, FL 32724
Two established tenants occupy office and warehouse space with added laydown area on 1.83 acres.
Property Size5,685 SF
Lot Size1.83 Acres
Price / SF$162.71
Days on Market49
Property Features for 480 Old Daytona Road
General Information
Standard status
Active
Size
5,685 SF
Lot size
1.83 Acres
Property subtype
Industrial
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Building Size
5,685 SF
Tenancy
Multi
Listing Agency:
(407) 334-4200
Listed By:
Mark Ascik · License #FL #SL3555494
(407) 334-4200
Source:
Svn
Added: Jul 10
Changed: Aug 26
Last Checked: Aug 26 at 5:50AM
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 Mark Ascik
Investment Insights
Based on property information with market context.
This leased industrial flex property includes a total of 5,685 square feet of combined office and warehouse space, currently occupied by two tenants. The larger suite supports a regional pest control operator and includes 3,052 square feet of warehouse space and 1,532 square feet of dedicated office space, along with a laydown yard configuration suited to service-based industrial activity.
A second tenant, a welding company, occupies 1,100 square feet of warehouse and laydown space, reflecting the property’s ability to support multiple industrial uses under one ownership.
Set on 1.83 acres, the site includes outdoor storage and laydown area and provides room for additional development or expansion on the remaining land.
A second tenant, a welding company, occupies 1,100 square feet of warehouse and laydown space, reflecting the property’s ability to support multiple industrial uses under one ownership.
Set on 1.83 acres, the site includes outdoor storage and laydown area and provides room for additional development or expansion on the remaining land.
Key Highlights
- Fully leased industrial property with 2 established tenants providing occupancy from day one
- 5,685 total SF of combined office and industrial space, split between two tenant suites
- 1.82‑acre lot (1.83 acres stated) with outdoor storage and laydown area for industrial use
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
$64,107
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
6.93%
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%
$1,282,140
$1.3M
Cap Rate 7%
$915,814
$915.8K
Cap Rate 9%
$712,300
$712.3K
Market Conditions
NOI Build-Up for 5,685 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
$107.8K $18.96/SF
− Vacancy
−$9.2K −$1.61/SF
EGI
$98.6K $17.35/SF
− OpEx
−$34.5K −$6.07/SF
NOI
$64.1K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
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%
$1,282,140
Cap Rate 7%
$915,814
Cap Rate 9%
$712,300
Alternative Uses
Best Use
Flex RnD
$915.8K
$801.3K – $1.07M
NOI $64,107 @ 7.0% cap · market cap 6.93%
Second Best
Warehouse
$653.2K
$571.5K – $762.1K
NOI $45,723 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,338 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two established tenants occupy office and warehouse space with added laydown area on 1.83 acres.
Where is this flex space located?
The property is located at 480 Old Daytona Road Deland, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Fully leased industrial property with 2 established tenants providing occupancy from day one; 5,685 total SF of combined office and industrial space, split between two tenant suites; 1.82‑acre lot (1.83 acres stated) with outdoor storage and laydown area for industrial use
