Leased Industrial Flex
480 Old Daytona Road DeLand Deland, FL 32724
480 Old Daytona Road DeLand, Deland, FL, 32724
$925,000
Pending
For Sale
$925,000
Pending
Two established tenants occupy office and warehouse space with added laydown area on 1.83 acres.
Property Size5,685 SF
Lot Size1.83 Acres
Days on Market13
Property Features for 480 Old Daytona Road DeLand
General Information
- Standard status
- Pending
- Size
- 5,685 SF
- Lot size
- 1.83 Acres
Building Details
- Year Built
- 1960
Listing agency
(321) 800-4656
Listed by
Alexis Jones
(321) 800-4656
Source
Curriproperties
Added: Jul 10 Updated: Jul 20 at 9:13PM Checked: Jul 21 at 3:18AM
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 Alexis Jones
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
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.8k | $18.96 |
| − Vacancy | −$9.2k | −$1.61 |
| EGI | $98.6k | $17.35 |
| − OpEx | −$34.5k | −$6.07 |
| NOI | $64.1k | $11.28 |
5,685 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.22M
$1.06M – $1.42M
NOI $85,190 @ 7.0% cap · market cap 9.21%
Second Best
Flex RnD
$915.8K
$801.3K – $1.07M
NOI $64,107 @ 7.0% cap · market cap 6.93%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pioneer Pest Services ...
Garden Center
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FAQs
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 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
