Medical Office Building with
For Sale
$450,000
800 N STONE St, Deland, FL 32720
Move-in ready medical building features multiple exam rooms, ADA-accessible restrooms, and dedicated parking.
Property Size1,786 SF
Days on Market61
Property Features for 800 N STONE St
General Information
Standard status
Active
Size
1,786 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,520
Building Details
Building Size
1,786 SF
Year Built
1987
Listing Agency:
Charles Rutenberg Realty Orlando LLC
(386) 801-9300
Listed By:
"Terry" Bailey · License #0682718
(386) 801-9300
Source:
Elliman
Added: Jun 23
Changed: Aug 8
Last Checked: Aug 8 at 2:31AM
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 Charles Rutenberg Realty Orlando LLC
Investment Insights
Based on property information with market context.
This move-in ready medical office building is configured with a receptionist area and waiting room, including an ADA bathroom located within the waiting area. The interior also offers three exam rooms, a large work and supply room, and three private offices. Additional amenities include a break room with a 1/2 bath, vinyl plank flooring throughout, a tankless water heater, and two HVAC systems with a 2026 forced air system plus one mini split.
The property is very close to Advent Hospital, supporting convenient access for medical operations and patient visits. Parking includes two handicap spaces, at least four additional spaces, and parking behind the building.
The space is well suited for healthcare and related professional uses that benefit from an existing patient-facing layout. With ongoing tenancy stated through August 15, 2026, the building can appeal to buyers seeking a medical facility that is already improved for day-to-day operations, alongside recent exterior updates that include a brand new roof and new exterior paint with gutters around the entire building.
The property is very close to Advent Hospital, supporting convenient access for medical operations and patient visits. Parking includes two handicap spaces, at least four additional spaces, and parking behind the building.
The space is well suited for healthcare and related professional uses that benefit from an existing patient-facing layout. With ongoing tenancy stated through August 15, 2026, the building can appeal to buyers seeking a medical facility that is already improved for day-to-day operations, alongside recent exterior updates that include a brand new roof and new exterior paint with gutters around the entire building.
Key Highlights
- Medical building built in 1987 with a receptionist area, waiting room, and ADA bathroom in the waiting area
- 3 exam rooms plus 3 private offices, including an ADA bathroom inside the office area
- Break room with a 1/2 bath, plus large work and supply room
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
$26,763
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
5.95%
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%
$535,260
$535.3K
Cap Rate 7%
$382,329
$382.3K
Cap Rate 9%
$297,367
$297.4K
Market Conditions
NOI Build-Up for 1,786 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
$38.6K $21.60/SF
− Vacancy
−$2.9K −$1.62/SF
EGI
$35.7K $19.98/SF
− OpEx
−$8.9K −$5.00/SF
NOI
$26.8K $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%
$535,260
Cap Rate 7%
$382,329
Cap Rate 9%
$297,367
Alternative Uses
Best Use
Office B
$382.3K
$334.5K – $446.1K
NOI $26,763 @ 7.0% cap · market cap 5.95%
Second Best
Healthcare Medical
$371.2K
$324.8K – $433.0K
NOI $25,982 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$526.6K
$460.8K – $614.4K
NOI $36,863 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
966
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32720, FL
33,568
Population
13,962
Households
2.4
Avg Household Size
45
Median Age
24%
College-Educated
88%
High-School Grad
66.3 sq mi
ZIP Area
506
Density / Sq Mi
$67,512
Median Household Income
$39,159
Median Earnings
$1,177
Median Rent
$280,600
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?
Medical Office Space - Move-in ready medical building features multiple exam rooms, ADA-accessible restrooms, and dedicated parking.
Where is this medical office space located?
The property is located at 800 N STONE St Deland, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Medical building built in 1987 with a receptionist area, waiting room, and ADA bathroom in the waiting area; 3 exam rooms plus 3 private offices, including an ADA bathroom inside the office area; Break room with a 1/2 bath, plus large work and supply room
