Freestanding Bank Building with
For Sale
$825,000
940 Deltona Blvd, Deltona, FL 32725
Single-story commercial building with a drive-thru and 01B—Commercial Land zoning.
Property Size3,840 SF
Lot Size1.17 Acres
Price / SF$214.84
Days on Market130
Property Features for 940 Deltona Blvd
General Information
Standard status
Active
Size
3,840 SF
Lot size
1.17 Acres
Property subtype
Commercial
Zoning
01B—Commercial Land
Site & Location
Frontage
130 ft
Drive-Thru
Yes
Building Details
Building Size
3,840 SF
Year Built
1976
Buildings
1
Stories
1
Listing Agency:
FI Real Estate Brokerage LLC
(646) 662-8504
Listed By:
Filippo Incorvaia · License #BK3285863
(646) 662-8504
Source:
Elliman
Added: Apr 24
Changed: Aug 29
Last Checked: Aug 30 at 9:47PM
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 FI Real Estate Brokerage LLC
Investment Insights
Based on property information with market context.
This freestanding bank building provides 3,840 square feet of gross leasable area in a single-story configuration. Constructed in 1976, the property includes a drive-thru and occupies a 1.17-acre site containing 50,830 square feet. The existing layout and drive-thru infrastructure support its current banking format while providing physical features relevant to other commercial operations.
The property fronts Deltona Blvd. for 130 feet and is located in Deltona, Florida. Its 01B—Commercial Land zoning is identified in the property information. The site is positioned along a commercial roadway and offers a standalone building with dedicated land area.
The property fronts Deltona Blvd. for 130 feet and is located in Deltona, Florida. Its 01B—Commercial Land zoning is identified in the property information. The site is positioned along a commercial roadway and offers a standalone building with dedicated land area.
Key Highlights
- 3,840 square feet of gross leasable area
- 1.17‑acre site totaling 50,830 square feet
- 130 feet of frontage along Deltona Blvd.
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
$58,312
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
7.07%
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%
$1,166,240
$1.2M
Cap Rate 7%
$833,029
$833.0K
Cap Rate 9%
$647,911
$647.9K
Market Conditions
NOI Build-Up for 3,840 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
$84.3K $21.96/SF
− Vacancy
−$6.6K −$1.71/SF
EGI
$77.7K $20.25/SF
− OpEx
−$19.4K −$5.06/SF
NOI
$58.3K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /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%
$1,166,240
Cap Rate 7%
$833,029
Cap Rate 9%
$647,911
Alternative Uses
Best Use
Specialty Retail
$833.0K
$728.9K – $971.9K
NOI $58,312 @ 7.0% cap · market cap 7.07%
Second Best
Retail
$516.7K
$452.1K – $602.8K
NOI $36,167 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$1.13M
$990.7K – $1.32M
NOI $79,258 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
5,766 visits/mo
0.3 miles
BP
Shops & Services
4,384 visits/mo
0.1 miles
Citgo
Shops & Services
3,245 visits/mo
0.2 miles
Extra Space Storage
Shops & Services
693 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail 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?
Bank - Single-story commercial building with a drive-thru and 01B—Commercial Land zoning.
Where is this bank located?
The property is located at 940 Deltona Blvd Deltona, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 3,840 square feet of gross leasable area; 1.17‑acre site totaling 50,830 square feet; 130 feet of frontage along Deltona Blvd.
