Income-Generating Motel and Housing
For Sale
$649,000
4851 Us Highway 17, De Leon Springs, FL 32130
Fully leased six-unit lodging and housing property with direct highway access and existing municipal sewer service.
Property Size2,460 SF
Price / SF$263.82
Days on Market59
Property Features for 4851 Us Highway 17
General Information
Standard status
Active
Size
2,460 SF
Listing Agency:
PRESTIGE PROPERTIES
(386) 804-5092
Listed By:
Geoffrey Felton · License #3278031
(386) 804-5092
Source:
Exprealty
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 31 at 4:42PM
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 PRESTIGE PROPERTIES
Investment Insights
Based on property information with market context.
This income-producing commercial property is currently configured as six dwelling and lodging units, supported by a 610-square-foot canopy. The asset is fully occupied and operated by a nonprofit organization, with direct operational continuity intended to be maintained during ownership transition. The flexible layout and zoning provide a range of potential future uses, subject to applicable approvals.
The property is located on highly visible US Highway 17 in De Leon Springs, Florida, with direct access to the highway and strong exposure for passing traffic. It sits between DeLand and De Leon Springs, offering convenient access throughout Volusia County. Municipal sewer service has already been extended to the property, creating a clear path for future utility modernization.
For investors, the current fully leased status supports an existing annual gross income stream of $72,000. For owner-users, the combination of highway visibility, straightforward access, and an already-developed unit configuration can support continued motel- or housing-oriented operations, or a repositioning strategy within the bounds of the applicable approvals. All showings require an appointment coordinated through the listing agent, and buyers should plan accordingly to avoid disrupting residents and staff.
The property is located on highly visible US Highway 17 in De Leon Springs, Florida, with direct access to the highway and strong exposure for passing traffic. It sits between DeLand and De Leon Springs, offering convenient access throughout Volusia County. Municipal sewer service has already been extended to the property, creating a clear path for future utility modernization.
For investors, the current fully leased status supports an existing annual gross income stream of $72,000. For owner-users, the combination of highway visibility, straightforward access, and an already-developed unit configuration can support continued motel- or housing-oriented operations, or a repositioning strategy within the bounds of the applicable approvals. All showings require an appointment coordinated through the listing agent, and buyers should plan accordingly to avoid disrupting residents and staff.
Key Highlights
- Income‑producing commercial property with approx. 2,460 SF building plus 610‑SF canopy on approx. 0.66 acres
- Configured as six dwelling/lodging units and fully leased to a nonprofit organization for housing assistance
- Generates $72,000 in annual gross income while remaining fully occupied
Financial Insights For Apartment 5plus
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 | $38.1k | $15.48 |
| − Vacancy | −$4.0k | −$1.63 |
| EGI | $34.1k | $13.85 |
| − OpEx | −$15.3k | −$6.23 |
| NOI | $18.7k | $7.62 |
2,460 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$267.8K
$234.3K – $312.4K
NOI $18,745 @ 7.0% cap · market cap 2.89%
Second Best
Hotel Hospitality
$126.2K
$110.4K – $147.2K
NOI $8,834 @ 7.0% cap · market cap 1.36%
Theoretical Best
Office A
$725.3K
$634.7K – $846.2K
NOI $50,774 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32130, FL
5,485
Population
2,082
Households
2.6
Avg Household Size
45
Median Age
23%
College-Educated
89%
High-School Grad
94.6 sq mi
ZIP Area
58
Density / Sq Mi
$59,288
Median Household Income
$35,647
Median Earnings
$1,181
Median Rent
$269,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Motel - Fully leased six-unit lodging and housing property with direct highway access and existing municipal sewer service.
Where is this motel located?
The property is located at 4851 Us Highway 17 De Leon Springs, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Income‑producing commercial property with approx. 2,460 SF building plus 610‑SF canopy on approx. 0.66 acres; Configured as six dwelling/lodging units and fully leased to a nonprofit organization for housing assistance; Generates $72,000 in annual gross income while remaining fully occupied
