Accessible Mixed-Use
For Sale
$350,000
909 West New York Avenue, Deland, FL 32720
Flexible interior includes separated areas, a private meeting room, kitchen, and indoor laundry.
Property Size1,580 SF
Price / SF$221.52
Days on Market284
Property Features for 909 West New York Avenue
General Information
Standard status
Active
Size
1,580 SF
Property subtype
Commercial Sale / Mixed Use
Zoning
01R4
Taxes and HOA fees
Annual Taxes
$3,163
Amenities
Central Air
Electric
Carpet, Ceramic Tile, Other, Vinyl
Microwave, Refrigerator
No
Drywall
Yes
8 to 9 Feet
Shades, Shutters
Square Feet
Estimated
Shingle
Mature Landscaping, Trees, Wooded
Crawlspace
Block
Building Details
Year Built
1950
Listing Agency:
PRESTIGE PROPERTIES
(386) 507-9121
Listed By:
Kellee Smith · License #3376449
(386) 507-9121
Source:
Compass
Added: Nov 20, 2025
Changed: Aug 30
Last Checked: Aug 30 at 10:15PM
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 PRESTIGE PROPERTIES
Investment Insights
Based on property information with market context.
This mixed-use property combines professional workspace with a separately accessed private-use area. The approximately 1,580 heated square feet and 1,912 total square feet include multiple entrances, distinct interior sections, a welcoming waiting area, hardwood flooring, natural light, and a large enclosed conference room with its own entry. The west side contains 2 rooms with closets, 1 full bathroom, a full kitchen, and indoor laundry. Central air, handicap access, an ADA ramp, designated handicap parking, and a full ADA-accessible bathroom support client-facing operations.
A prominent exterior sign faces W. New York Avenue, with exposure to traffic moving in both directions. The property is approximately 1 mile from Downtown DeLand and sits along a corridor reporting approximately 11,600 vehicles per day. On-site parking is supplemented by a rear lot accommodating 15+ vehicles. Built in 1950, the block construction and adaptable layout offer a combination of business functionality, privacy, and potential live-work use.
A prominent exterior sign faces W. New York Avenue, with exposure to traffic moving in both directions. The property is approximately 1 mile from Downtown DeLand and sits along a corridor reporting approximately 11,600 vehicles per day. On-site parking is supplemented by a rear lot accommodating 15+ vehicles. Built in 1950, the block construction and adaptable layout offer a combination of business functionality, privacy, and potential live-work use.
Key Highlights
- Approximately 1,580 heated SF and 1,912 total SF
- Zoned 01R4 with commercial or residential use described
- Large conference room with a separate entrance
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
$23,676
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
6.76%
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%
$473,520
$473.5K
Cap Rate 7%
$338,229
$338.2K
Cap Rate 9%
$263,067
$263.1K
Market Conditions
NOI Build-Up for 1,580 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
$34.1K $21.60/SF
− Vacancy
−$2.6K −$1.62/SF
EGI
$31.6K $19.98/SF
− OpEx
−$7.9K −$5.00/SF
NOI
$23.7K $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%
$473,520
Cap Rate 7%
$338,229
Cap Rate 9%
$263,067
Alternative Uses
Best Use
Office B
$338.2K
$296.0K – $394.6K
NOI $23,676 @ 7.0% cap · market cap 6.76%
Second Best
Mixed Use
$278.8K
$244.0K – $325.3K
NOI $19,517 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$465.9K
$407.6K – $543.5K
NOI $32,611 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
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?
Mixed-use property - Flexible interior includes separated areas, a private meeting room, kitchen, and indoor laundry.
Where is this mixed-use property located?
The property is located at 909 West New York Avenue Deland, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 1,580 heated SF and 1,912 total SF; Zoned 01R4 with commercial or residential use described; Large conference room with a separate entrance
