Flex Warehouse with Dock
For Sale
$4,400,000
801 Old Daytona Rd, Deland, FL 32724
Flex-style facility offers 24,000+/- SF warehouse space with a truck court and three dock-height bay doors.
Property Size33,042 SF
Price / SF$133.16
Days on Market423
Property Features for 801 Old Daytona Rd
General Information
Standard status
Active
Size
33,042 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Dock-High Doors
3
Heavy Power
Yes
Additional Details
Office Units
11
Listing Agency:
SVN Alliance Commercial Real Estate Advisors
Listed By:
Carl Lentz · License #3068067
(386) 310-7900
Source:
Kevin.findpalmcoasthouses
Added: Jul 22, 2025
Changed: Sep 9
Last Checked: Sep 16 at 10:15PM
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 SVN Alliance Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This flex warehouse property includes 4,000+/- SF of executive office space arranged across 11 individual rooms, along with 24,000+/- SF of total warehouse space. The warehouse is supported by a truck court with three dock-height bay doors, with three-phase, four-wire power throughout. The roof has been recently renovated and comes with a 15-year warranty.
The property provides quick access to I-95 and I-4. It also has excellent frontage on US 92 / E International Speedway Blvd, and it is adjacent to Deland airport (KDED), which features a full-service FBO. Downtown DeLand is in close proximity.
Overall, the configuration combines dedicated office space with functional warehouse loading capability, supported by updated roofing and suitable electrical service for industrial operations.
The property provides quick access to I-95 and I-4. It also has excellent frontage on US 92 / E International Speedway Blvd, and it is adjacent to Deland airport (KDED), which features a full-service FBO. Downtown DeLand is in close proximity.
Overall, the configuration combines dedicated office space with functional warehouse loading capability, supported by updated roofing and suitable electrical service for industrial operations.
Key Highlights
- Flex‑style facility with 24,000+/- SF total warehouse space and a truck court with 3 dock‑height bay doors
- 4,000+/- SF executive office space across 11 individual rooms
- Total area 33,000+/- SF with quick access to I‑95 and I‑4
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
$372,597
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
8.47%
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%
$7,451,940
$7.5M
Cap Rate 7%
$5,322,814
$5.3M
Cap Rate 9%
$4,139,967
$4.1M
Market Conditions
NOI Build-Up for 33,042 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
$626.5K $18.96/SF
− Vacancy
−$53.3K −$1.61/SF
EGI
$573.2K $17.35/SF
− OpEx
−$200.6K −$6.07/SF
NOI
$372.6K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
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%
$7,451,940
Cap Rate 7%
$5,322,814
Cap Rate 9%
$4,139,967
Alternative Uses
Best Use
Flex RnD
$5.32M
$4.66M – $6.21M
NOI $372,597 @ 7.0% cap · market cap 8.47%
Second Best
Warehouse
$3.80M
$3.32M – $4.43M
NOI $265,747 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$9.74M
$8.52M – $11.37M
NOI $681,987 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Dock-high doors
11
Office units
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex-style facility offers 24,000+/- SF warehouse space with a truck court and three dock-height bay doors.
Where is this flex space located?
The property is located at 801 Old Daytona Rd Deland, FL.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Flex‑style facility with 24,000+/- SF total warehouse space and a truck court with 3 dock‑height bay doors; 4,000+/- SF executive office space across 11 individual rooms; Total area 33,000+/- SF with quick access to I‑95 and I‑4
