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DeBary Office Park Land Parcel

66 Spring Vista Dr Debary, FL 32713

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Land parcel in established office park, build to suit opportunity.

Type:Land, Office
Property size:
3,000 SF
Price / SF:
$300/SF
Added:
Oct 4, 2022
Days on Market:
1379
Last Refresh:
Jun 26 at 11:38 am

Property Features for 66 Spring Vista Dr

General Information

Standard status
Active
Size
3,000 SF
Property subtype
Land, Office

Building Details

Year Built
2025

Listing office Invision Development

Listing date Oct 4, 2022

Source Crexi

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 Invision Development


Investment Insights

Based on property information with market context.

This property is a build-to-suit opportunity for a medical or professional office building, situated within the Springview Office Center, a planned development in Debary, Florida. The office park consists of twenty office parcels, with only two lots remaining. The existing buildings in the center are a combination of medical and professional offices. The location is off of 17-92, approximately 1 mile north of the Sunrail station. Debary Main Street, a large master-planned development featuring a mix of office, retail, and multifamily units, is immediately to the south and is scheduled to break ground in 2023. Several other residential neighborhoods are under construction or in planning near the site. The property size is 3000 square feet. The price includes a full interior buildout for professional office use. Additional costs for medical office use, including medical impact fees, cabinets, and sinks, are not included in the base price.

Key Highlights

  • Build‑to‑suit medical or professional office building.
  • Located within Springview Office Center, a professional office park.
  • Only two lots remaining in the development.

Local Financial Insights For Office B

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 $64.8k $21.60
− Vacancy −$4.9k −$1.62
EGI $59.9k $19.98
− OpEx −$15.0k −$5.00
NOI $45.0k $14.99
3,000 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$642.2K
$561.9K – $749.3K (±1% cap)
NOI $44,955 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$884.6K
$774.0K – $1.03M (±1% cap)
NOI $61,920 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Pharmacy Electrical Service Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Law Firm (Bike/Boat/Book/etc) Store Restaurant Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Commercial land - Land parcel in established office park, build to suit opportunity.
Where is this commercial land located?
The property is located at 66 Spring Vista Dr Debary, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Build‑to‑suit medical or professional office building.; Located within Springview Office Center, a professional office park.; Only two lots remaining in the development.
Contact an agent
(407) 617-1234 Call to check price and availability
More about this property
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