Renovated Office
New
For Sale
$299,000
625 E NEW YORK AVENUE, Deland, FL 32724
C-1 Neighborhood Commercial zoning supports a range of commercial uses.
Property Size1,676 SF
Price / SF$178.40
Days on Market4
Property Features for 625 E NEW YORK AVENUE
General Information
Standard status
Active
Size
1,676 SF
Property subtype
Office
Zoning
C-1
Additional Details
Condition
Move-in Ready
Road Access
Yes
Amenities
private offices
conference room
open work area
breakroom
restrooms
Building Details
Year Built
1901
Buildings
1
Building Size
1,676 SF
Listing Agency:
CRE FOCUS
Listed By:
Tai Lee · License #3269222
(407) 687-9798
Source:
Dennisrealty
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:34PM
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 CRE FOCUS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated office property at 625 E New York Avenue in DeLand contains 1,676 square feet. Its layout includes five private offices, a conference room, an open work area, a breakroom, and two restrooms.
The property fronts E New York Avenue, with on-site parking and access to Downtown DeLand. C-1 Neighborhood Commercial zoning allows a variety of potential commercial uses.
The property fronts E New York Avenue, with on-site parking and access to Downtown DeLand. C-1 Neighborhood Commercial zoning allows a variety of potential commercial uses.
Key Highlights
- 1,676‑square‑foot office building
- Five private offices, a conference room, and an open work area
- Breakroom and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,115
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,300
$502.3K
Cap Rate 7%
$358,786
$358.8K
Cap Rate 9%
$279,056
$279.1K
Market Conditions
NOI Build-Up for 1,676 SF
Gross rent
$36.2K $21.60/SF
− Vacancy
−$2.7K −$1.62/SF
EGI
$33.5K $19.98/SF
− OpEx
−$8.4K −$5.00/SF
NOI
$25.1K $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 Rate 5%
$502,300
Cap Rate 7%
$358,786
Cap Rate 9%
$279,056
Alternative Uses
Best Use
Office B
$358.8K
$313.9K – $418.6K
NOI $25,115 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.2K
$432.4K – $576.6K
NOI $34,593 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - C-1 Neighborhood Commercial zoning supports a range of commercial uses.
Where is this office building located?
The property is located at 625 E NEW YORK AVENUE Deland, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,676‑square‑foot office building; Five private offices, a conference room, and an open work area; Breakroom and two restrooms
