Office Building with Bank
For Sale
$1,100,000
892 DELTONA Boulevard, Deltona, FL 32725
Commercial Sale, DELTONA, FL
Property Size4,297 SF
Lot Size0.60 Acres
Price / SF$255.99
Days on Market209
Property Features for 892 DELTONA Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-1
Accessibility
Accessible Approach with Ramp
Subdivision
DELTONA LAKES UNIT 22
Lot features
City Limits, Landscaped, Oversized Lot, Retention Areas
Directions
Off I 4 take exit 108 ; at bottom of ramp turn left and then left again at the McDonalds onto Deltona Blvd, go thru Enterprise Rd traffic light and property is on your left just gas station .
Standard status
Active
APN
8130-22-01-0011
Size
4,297 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 141 FT MEAS ON ENTERPRISE RD & N 198.4 FT MEAS ON DELTONA BLVD OF TRACT A DELTONA LAKES UNIT NO 22 MB 27 PGS 11-15 INC PER OR 2245 PG 1162 PER OR 6160 PG 0844 PER OR 6607 PG 1287 PER OR 7638 PG 1182
Tax Annual Amount
9486
Legal Description
N 141 FT MEAS ON ENTERPRISE RD & N 198.4 FT MEAS ON DELTONA BLVD OF TRACT A DELTONA LAKES UNIT NO 22 MB 27 PGS 11-15 INC PER OR 2245 PG 1162 PER OR 6160 PG 0844 PER OR 6607 PG 1287 PER OR 7638 PG 1182
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
bank vault
Building Details
Year built
1981
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Additional Structures
Outbuilding
Listing Agency:
SWANN REAL ESTATE INC
(386) 738-3688
Listed By:
Donald Hutchins
(386) 479-3975
Added: Mar 6
Changed: Oct 1
Last Checked: Oct 1 at 8:06PM
MLS# V4947748
Copyright © 2026 Stellar MLS. 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 4,297-square-foot office building was constructed in 1981 and previously operated as a bank. A bank vault remains on site. The structure uses block and stucco construction, with ceramic tile flooring, central air conditioning, and central heat-pump heating. An accessible approach with a ramp is provided.
The property is located on Deltona Boulevard, with additional exposure from Entreprise Road. It is zoned C-1 and has public water service and a septic system.
The property is located on Deltona Boulevard, with additional exposure from Entreprise Road. It is zoned C-1 and has public water service and a septic system.
Key Highlights
- 4,297‑square‑foot office building
- Existing bank vault
- C‑1 zoning
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
$64,391
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
5.85%
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%
$1,287,820
$1.3M
Cap Rate 7%
$919,871
$919.9K
Cap Rate 9%
$715,456
$715.5K
Market Conditions
NOI Build-Up for 4,297 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
$92.8K $21.60/SF
− Vacancy
−$7.0K −$1.62/SF
EGI
$85.9K $19.98/SF
− OpEx
−$21.5K −$5.00/SF
NOI
$64.4K $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%
$1,287,820
Cap Rate 7%
$919,871
Cap Rate 9%
$715,456
Alternative Uses
Best Use
Office B
$919.9K
$804.9K – $1.07M
NOI $64,391 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,690 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Explore this area
Business Placement
Demographics for 32725, FL
50,435
Population
19,177
Households
2.6
Avg Household Size
42
Median Age
22%
College-Educated
91%
High-School Grad
23.1 sq mi
ZIP Area
2,183
Density / Sq Mi
$70,801
Median Household Income
$40,970
Median Earnings
$1,533
Median Rent
$255,700
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - C-1 zoning and a ramped accessible approach serve the former bank property.
Where is this office building located?
The property is located at 892 DELTONA Boulevard Deltona, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,297‑square‑foot office building; Existing bank vault; C‑1 zoning
