ADA-Compliant Medical Office
For Sale
$425,000
844 N Stone Street, Deland, FL 32720
Commercial Sale, DeLand, FL
Property Size1,750 SF
Lot Size0.04 Acres
Price / SF$242.86
Days on Market192
Property Features for 844 N Stone Street
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Parking Lot
Security features
Security Lighting
Lot features
Cleared
Directions
ISB West to left on N Stone. Plaza on thr right
Subdivision
92 - Deland
Standard status
Active
APN
7009-67-00-2060
Size
1,750 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
9-17-30 UNIT 206 STONE STREET PROFESSIONAL CENTER CONDO PER OR 6600 PG 4153 PER OR 6640 PG 4450 PER OR 8175 PG 1381
Tax Annual Amount
4668
Legal Description
9-17-30 UNIT 206 STONE STREET PROFESSIONAL CENTER CONDO PER OR 6600 PG 4153 PER OR 6640 PG 4450 PER OR 8175 PG 1381
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2011
Number of units
1
Flooring type
Carpet, Tile
Building materials
Concrete
Roof type
Shingle
Listing Agency:
Keller Williams Realty Florida Partners
(386) 944-2800
Listed By:
Steve Casserly
(386) 290-9590
Added: Feb 12
Changed: Aug 20
Last Checked: Aug 23 at 6:06AM
MLS# 1223018
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,750-square-foot medical office condominium occupies space within a four-unit professional medical plaza in DeLand. Constructed in 2011, the ADA-compliant suite has a reception area, generous waiting room, two private offices, three exam rooms, a break room with kitchen, storage areas, and two bathrooms. Carpet and tile flooring, central air, electric cooling and heating, and a recently installed shingle roof are in place. The property is currently used as a hearing specialty practice.
The office is positioned near AdventHealth DeLand and other healthcare providers. A shared parking lot provides 56 spaces for patients and staff. Public water and sewer serve the property, and the building is constructed with concrete materials. The suite may also accommodate dental, medical, chiropractic, therapy, or other specialty healthcare operations, subject to applicable requirements.
The office is positioned near AdventHealth DeLand and other healthcare providers. A shared parking lot provides 56 spaces for patients and staff. Public water and sewer serve the property, and the building is constructed with concrete materials. The suite may also accommodate dental, medical, chiropractic, therapy, or other specialty healthcare operations, subject to applicable requirements.
Key Highlights
- 1,750 SF medical office condominium in a four‑unit professional plaza
- ADA‑compliant suite built in 2011
- Layout includes 2 private offices and 3 exam rooms
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
$26,224
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
6.17%
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%
$524,480
$524.5K
Cap Rate 7%
$374,629
$374.6K
Cap Rate 9%
$291,378
$291.4K
Market Conditions
NOI Build-Up for 1,750 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
$37.8K $21.60/SF
− Vacancy
−$2.8K −$1.62/SF
EGI
$35.0K $19.98/SF
− OpEx
−$8.7K −$5.00/SF
NOI
$26.2K $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%
$524,480
Cap Rate 7%
$374,629
Cap Rate 9%
$291,378
Alternative Uses
Best Use
Office B
$374.6K
$327.8K – $437.1K
NOI $26,224 @ 7.0% cap · market cap 6.17%
Second Best
Healthcare Medical
$363.7K
$318.2K – $424.3K
NOI $25,458 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$516.0K
$451.5K – $602.0K
NOI $36,120 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
768
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 - Built in 2011 with a fully configured clinical layout and public water and sewer service.
Where is this medical office space located?
The property is located at 844 N Stone Street Deland, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,750 SF medical office condominium in a four‑unit professional plaza; ADA‑compliant suite built in 2011; Layout includes 2 private offices and 3 exam rooms
