Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Site on SR 15A Title is generated by Realmo AI

    915 S Spring Garden Avenue, Deland, FL 32720

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    2+/- acre commercial site with retail and office potential.

    Type:Land
    Lot size:
    2.00 Acres
    Added:
    Jan 12, 2018
    Days on Market:
    3062
    Last Refresh:
    May 19 at 9:15 pm

    Property Features for 915 S Spring Garden Avenue

    General Information

    Standard status
    Active
    Lot size
    2.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    John Trost, CCIM

    Listing agent John Trost, CCIM License #FL BK-0160420

    Listing office SVN | Alliance Commercial Real Estate Advisors Ormond Beach

    Listing date Jan 12, 2018

    Source Crexi

    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 Ormond Beach

    HighLights

    • Signalized intersection location
    • Boasting 385+\/- feet of frontage on SR 15A
    • 2+\/- Acre Commercial Site
    • Permitted Uses include: Retail Sales, Restaurants, Office, Medical, and more
    • Located at the corner of Beresford Avenue and SR 15A
    • Approximately 6 miles to Interstate 4

    Overview

    This commercial site offers 2+/- acres suitable for retail and office development. The property benefits from a signalized intersection and features approximately 385+/- feet of frontage on SR 15A, along with 616+/- feet of frontage on Spring Garden Avenue. Zoning permits a variety of uses, including general and professional offices, financial institutions, medical offices, drugstores and pharmacies, day care facilities, restaurants (including fast food and drive-thru options), grocery stores, and general retail sales. The location is at the southwest corner of Beresford Avenue and SR 15A, approximately 6 miles from Interstate 4.
    Property Profile Location Intelligence

    Current Use by Public Records

    Primo Water Refill Big Box & Wholesale Store Daisy's Diner Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Accounting Firm Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.3232138
    Latitude
    29.0430271

    Nearby Similar for Sale

    • $399,000
      1,503 SF

      DeLand Office with Garage/Storage

      Office in DeLand with garage/storage and expansion potential.
      1004 TALTON AVENUE, DELAND, FL 32720
      View Details
    • $999,900
      12,228 SF

      Mixed-Use Property in Deland, Florida

      Versatile property with multiple zoning options and potential rental income.
      309 S FLORIDA AVENUE, DELAND, FL 32720
      View Details
    • $539,000
      5,033 SF

      Historic Mixed-Use Property in DeLand

      Historic mixed-use property with C-2 zoning in downtown DeLand.
      228 W Howry Avenue, DeLand, FL 32720
      View Details
    • $539,000
      4,123 SF

      Historic Mixed-Use Property in DeLand

      Historic mixed-use property with cafe, apartment, and pool.
      228 W HOWRY AVENUE, DELAND, FL 32720
      View Details
    • $425,000
      1,750 SF

      Turnkey Medical Office Condo

      1,750 SF medical office condo in DeLand, Florida.
      844 N Stone Street, DeLand, FL 32720
      View Details
    • $259,500
      2,440 SF

      DeLand Commercial Opportunity

      Versatile commercial building in DeLand, Florida, with tax advantages.
      227 W Voorhis Avenue, DeLand, FL 32720
      View Details
    • $199,999
      2,711 SF

      DeLand Mixed-Use Workshop Opportunity

      Mixed-use property with workshop, ideal for live-work or income.
      1430 E NEW YORK AVENUE, DELAND, FL 32724
      View Details
    • $795,900
      4,000 SF

      9.8-Acre Retreat with Steel Building

      9.8-acre property with steel building, living quarters, and more.
      4155 MARSH ROAD, DELAND, FL 32724
      View Details
    • $340,000
      1,580 SF

      Versatile Mixed-Use Property

      Adaptable mixed-use property in DeLand, suitable for commercial or residential.
      909 W NEW YORK AVENUE, DELAND, FL 32720
      View Details
    • $324,000
      1,760 SF

      Updated Triplex Near Downtown Deland

      Vacant triplex near downtown and Stetson University, updated and ready.
      122 S GARFIELD AVENUE, DELAND, FL 32724
      View Details
    • $795,000
      3,430 SF

      DeLand Mixed-Use Corner Lot

      Mixed-use property with commercial building and residential home in DeLand.
      1030 CAMPHOR LANE, DELAND, FL 32720
      View Details
    • $319,900
      1,817 SF

      DeLand Duplex Near Downtown

      Duplex in walkable DeLand location near downtown and Stetson University.
      143 E SOUTH STREET, DELAND, FL 32724
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2+/- acre commercial site with retail and office potential.
    Where is this commercial land located?
    The property is located at 915 S Spring Garden Avenue Deland, FL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Signalized intersection location; Boasting 385+\/- feet of frontage on SR 15A; 2+\/- Acre Commercial Site
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Trost, CCIM
    Real Estate License ID: FL BK-0160420
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    915 S. Spring Garden Avenue, Deland, FL 32720
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!