DeLand Warehouse, Office, Fuel
For Sale
$1,254,900
Pending
875 LAKEVIEW DRIVE, Deland, FL 32720
Turn-key warehouse/light industrial property with office and fuel farm.
Property Size5,000 SF
Lot Size2.00 Acres
Days on Market636
Property Features for 875 LAKEVIEW DRIVE
General Information
Standard status
Pending
Size
5,000 SF
Lot size
2.00 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$5,102
Building Details
Year Built
2007
Listing Agency:
LOVELAND PROPERTIES
(407) 352-8118
Listed By:
Cleve Loveland · License #602469
(407) 352-8118
Source:
Exitrealty
Added: Nov 14, 2024
Changed: Aug 8
Last Checked: Aug 11 at 6:54AM
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 LOVELAND PROPERTIES
Investment Insights
Based on property information with market context.
This fully enclosed and gated office/warehouse in Deland offers an excellent opportunity for an owner/occupant. The property has been owned and operated as a successful demolition company. The office space is approximately 1500 square feet and includes a large reception area, four private offices with data and phone ports, a server room, a storage room, a break room/kitchenette, and an electrical room with state-of-the-art video surveillance. There are also two ADA-compliant half baths, one for the office and one for the warehouse. The locking electrical room houses a three-phase panel 480 service with a step-down transformer and an emergency shutdown panel for the fuel farm and warehouse. There is also a two-phase panel with 280 service. The warehouse consists of approximately 3300 square feet with four 10-foot roller doors, two 12-foot roller doors, and two man-doors. Inside the warehouse, there is a locker room and a secured "tool cage" for valuables. Multiple overhead airline compressor systems and electrical outlets are strategically placed throughout the warehouse. A 38-foot, 4-post truck lift with a 25,000 lb capacity is also included. The fuel farm houses one 400-gallon and three 500-gallon tanks for gasoline and diesel fuel. When built, the fuel farm was permitted for 30,000 gallons. A 25-foot rolling gate accommodates 18-wheelers, and a dumpster pad enclosure is on-site. Above the office is an unfinished storage area that nearly doubles the office footprint if finished. The AC was installed in 2019. The property is under video surveillance with remote access and has a functioning security alarm system. The property size is 5000 square feet.
Key Highlights
- Active fuel farm featuring multiple tanks (one 400 gallon and three 500 gallon), permitted for 30,000 gallons when built.
- Approximately 3300 sq ft warehouse with four 10‑foot and two 12‑foot roller doors, plus two man‑doors.
- 1500 sq ft office space includes a reception area, four private offices, server room, break room/kitchenette, and ADA compliant bathrooms.
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
$74,925
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
5.97%
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%
$1,498,500
$1.5M
Cap Rate 7%
$1,070,357
$1.1M
Cap Rate 9%
$832,500
$832.5K
Market Conditions
NOI Build-Up for 5,000 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
$108.0K $21.60/SF
− Vacancy
−$8.1K −$1.62/SF
EGI
$99.9K $19.98/SF
− OpEx
−$25.0K −$5.00/SF
NOI
$74.9K $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%
$1,498,500
Cap Rate 7%
$1,070,357
Cap Rate 9%
$832,500
Alternative Uses
Best Use
Office B
$1.07M
$936.6K – $1.25M
NOI $74,925 @ 7.0% cap · market cap 5.97%
Second Best
Warehouse
$574.5K
$502.7K – $670.2K
NOI $40,214 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,200 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Well-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Turn-key warehouse/light industrial property with office and fuel farm.
Where is this warehouse located?
The property is located at 875 LAKEVIEW DRIVE Deland, FL.
What is the asking price?
The asking price for this property is $1,254,900.
What are key features of this property?
This property features: Active fuel farm featuring multiple tanks (one 400 gallon and three 500 gallon), permitted for 30,000 gallons when built.; Approximately 3300 sq ft warehouse with four 10‑foot and two 12‑foot roller doors, plus two man‑doors.; 1500 sq ft office space includes a reception area, four private offices, server room, break room/kitchenette, and ADA compliant bathrooms.
