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    X Lot St DeLand, FL 32724

    For Sale
    $64,900

    Prime DeLand commercial land, 217,800 sq ft.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 5-acre commercial land parcel, located at x Lot Street in DeLand, Florida (zip code 32724), presents a remarkable investment opportunity. The property boasts a substantial 217,800 square feet of undeveloped land, ideal for future development projects. Situated within the University Highlands subdivision, this site offers a unique chance to capitalize on the area's growth potential. The land is currently vacant and untouched, providing a clean slate for ambitious ventures. Importantly, this property is considered virgin land, meaning it's free from existing structures or improvements. This eliminates the complexities and costs often associated with redevelopment. However, prospective buyers should note that there are currently no easements or access roads established on the property. This aspect requires careful consideration during the due diligence phase and planning for future development. The asking price for this expansive commercial lot is $64,900. Its location in Volusia County, Florida, offers access to a growing community and potential for significant returns on investment. Detailed surveys and site assessments are recommended to fully understand the development potential and associated costs.

    Property Features for 0 X Lot St

    General Information

    Property type
    Land

    HighLights

    • 5‑acre commercial land parcel in DeLand, FL (32724), totaling 217,800 square feet.
    • Located in the University Highlands subdivision.
    • Vacant and undeveloped land, ready for new construction.
    • Asking price: $64,900.
    • Requires buyer to establish access and easements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    DeLand
    County
    Volusia
    State
    Florida
    Longitude
    -81.229853
    Latitude
    29.0612685

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    FAQs

    What type of property is this?
    Land - Prime DeLand commercial land, 217,800 sq ft.
    Where is this land located?
    The property is located at X Lot St DeLand, FL.
    What is the asking price?
    The asking price for this property is $64,900.
    What are key features of this property?
    This property features: 5-acre commercial land parcel in DeLand, FL (32724), totaling 217,800 square feet.; Located in the University Highlands subdivision.; Vacant and undeveloped land, ready for new construction.
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    X Lot St DeLand, FL 32724
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    DeLand, FL 32724
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    Realmo Value Estimation

    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.

    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.

    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
    X Lot St DeLand, FL 32724
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