Mixed-Use Live-Work
For Sale
$349,900
Pending
718 E NEW YORK AVENUE, Deland, FL 32724
High-visibility setup with a home frontage and a separate back building for an income-producing business use.
Property Size1,823 SF
Days on Market100
Property Features for 718 E NEW YORK AVENUE
General Information
Standard status
Pending
Size
1,823 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,637
Amenities
Central air
Dryer
Washer
Pool
Public Pool
Sidewalk
Central Air Cooling
Central Heating
Ground Level
Near Public Transit
Paved
Shingle Roof
Street Lights
Suburb
Building Details
Year Built
1935
Listing Agency:
BEE REALTY CORP
(386) 279-7522
Listed By:
BEE POWELL · License #3259106
(386) 956-9498
Source:
Corcoran
Added: May 27
Changed: Aug 14
Last Checked: Aug 14 at 6:09AM
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 BEE REALTY CORP
Investment Insights
Based on property information with market context.
This mixed-use live-work property is designed for both residential and business use under one ownership. The front features a cozy home with charm, while the rear contains a thriving pet grooming business operating out of a spacious 529-square-foot building. A large carport and a generous parking area support day-to-day functionality for residents, customers, and business operations. The oversized back lot also provides room for storage, outdoor use, parking improvements, expansion possibilities, or future development planning.
The property sits along busy East New York Avenue with approximately 110 feet of road frontage, offering strong visibility for a wide range of commercial concepts. The sale also includes the rear parcel with Georgia Avenue frontage (Alt Key #2236850), adding flexibility for additional uses and potential future growth.
For buyers and operators, the combination of a front home and a separate back commercial building can fit an owner-operator model, a live-and-work arrangement, or an investor seeking a property with both income potential and practical expansion options. The included rear parcel and flexible lot size may appeal to those looking to scale operations, increase on-site utility, or plan for longer-term development.
The property sits along busy East New York Avenue with approximately 110 feet of road frontage, offering strong visibility for a wide range of commercial concepts. The sale also includes the rear parcel with Georgia Avenue frontage (Alt Key #2236850), adding flexibility for additional uses and potential future growth.
For buyers and operators, the combination of a front home and a separate back commercial building can fit an owner-operator model, a live-and-work arrangement, or an investor seeking a property with both income potential and practical expansion options. The included rear parcel and flexible lot size may appeal to those looking to scale operations, increase on-site utility, or plan for longer-term development.
Key Highlights
- Mixed‑use live/work setup on busy East New York Avenue with approximately 110 ft of road frontage
- Front features a home; back includes a pet grooming business in a separate 529 SF building
- Large carport and generous parking area supporting both residential and business 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
$27,318
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
7.81%
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%
$546,360
$546.4K
Cap Rate 7%
$390,257
$390.3K
Cap Rate 9%
$303,533
$303.5K
Market Conditions
NOI Build-Up for 1,823 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
$39.4K $21.60/SF
− Vacancy
−$3.0K −$1.62/SF
EGI
$36.4K $19.98/SF
− OpEx
−$9.1K −$5.00/SF
NOI
$27.3K $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 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%
$546,360
Cap Rate 7%
$390,257
Cap Rate 9%
$303,533
Alternative Uses
Best Use
Office B
$390.3K
$341.5K – $455.3K
NOI $27,318 @ 7.0% cap · market cap 7.81%
Second Best
Mixed Use
$321.7K
$281.5K – $375.3K
NOI $22,519 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$537.5K
$470.3K – $627.1K
NOI $37,627 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
531
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - High-visibility setup with a home frontage and a separate back building for an income-producing business use.
Where is this live-work space located?
The property is located at 718 E NEW YORK AVENUE Deland, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Mixed‑use live/work setup on busy East New York Avenue with approximately 110 ft of road frontage; Front features a home; back includes a pet grooming business in a separate 529 SF building; Large carport and generous parking area supporting both residential and business use
