Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Oaks Lndg DeLand, FL 32724

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    24-Acre Multifamily/Commercial Land in DeLand, FL

    Property Features for 0 Oaks Lndg

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,045,440 SF

    We can help!

    Listing Contact
    J. Todd Swann, Ccim
    J. Todd Swann, Ccim

    Listing Agency: Swann Real Estate Listing Agent: J. Todd Swann, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 24-acre commercial property presents a unique development opportunity in DeLand, Florida. Located at a major intersection, this site boasts unparalleled access and visibility. Zoned B-3 in Volusia County, the property offers significant flexibility for a variety of uses. Previous plans envisioned a shopping center, but recent discussions with county officials suggest a smooth approval process for a mixed-use development combining retail and high-density multifamily residential (up to 20 units per acre). The site's proximity to municipal water and sewer lines simplifies infrastructure development. Detailed engineering plans for a previously proposed retail center are available upon request. This prime location is just minutes from historic downtown DeLand, offering convenient access to amenities and a vibrant community. The seller is open to considering a land lease option, providing additional investment flexibility. This rare 24-acre parcel represents a compelling investment opportunity for developers seeking a high-impact project in a thriving Florida market. The property's size and zoning provide ample room for creative and lucrative development strategies, capitalizing on the strong demand for both commercial and residential space in the area. Don't miss this chance to acquire a truly exceptional development site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    DeLand
    County
    Volusia
    State
    Florida
    Longitude
    -81.2767564
    Latitude
    28.9927341

    Nearby Similar for Sale

    • $375,000
      Pending

      Deland Triplex Near Downtown

      Fully rented triplex near downtown Deland with historic charm.
      449 E Church St, Deland, FL 32724
      View Details
    • $595,000
      5,033 SF

      Historic Mixed-Use Property in DeLand

      Historic mixed-use property with C-1 zoning in downtown DeLand.
      228 W Howry Ave, Deland, FL 32720
      View Details
    • $595,000
      4,123 SF

      Historic Mixed-Use Property in DeLand

      Historic mixed-use property in downtown DeLand with C-1 zoning.
      228 W Howry Ave, Deland, FL 32720
      View Details
    • $420,000
      2,684 SF

      Income-Producing Quadruplex Near Stetson

      Income-producing quadruplex in prime location near Stetson and Downtown DeLand.
      225 N Sans Souci Ave, Deland, FL 32720
      View Details
    • $285,000
      2,454 SF

      Mixed-Use Property with Workshop

      Mixed-use property featuring a residential house and commercial workshop.
      1430 E New York Ave, Deland, FL 32724
      View Details
    • $400,000
      1,580 SF

      Versatile Mixed-Use Property in DeLand

      Mixed-use property with office and residential spaces near Downtown DeLand.
      909 W New York Ave, Deland, FL 32720
      View Details
    • $1,200,500
      12,228 SF

      Established Auto Repair Shop in Deland

      Auto repair shop with multi-use zoning near downtown Deland.
      309 S Florida Ave, Deland, FL 32720
      View Details
    • $499,900
      955 SF

      Restaurant Opportunity Near Downtown Deland

      Restaurant with outdoor patio, tiki bar, and updated features.
      905 S Adelle Ave, Deland, FL 32720
      View Details
    • $599,900
      2,340 SF

      Deland Restaurant Opportunity For Sale

      Restaurant opportunity near downtown Deland, Stetson University, and Conrad Park.
      918 S Adelle Ave, Deland, FL 32720
      View Details
    • $425,000
      1,750 SF

      Turnkey Medical Office Condo

      Medical office condo for sale in DeLand's healthcare corridor.
      844 N Stone St, Deland, FL 32720
      View Details
    • $644,900
      3,394 SF

      DeLand Retail Corner Lot

      Versatile commercial property with high visibility and multiple buildings.
      1319 S Woodland Blvd, Deland, FL 32720
      View Details
    • $80,000
      640 SF

      DeLand Commercial Property For Sale

      Commercial property in DeLand, Florida, suitable for various business ventures.
      1121 S Adelle Ave, Deland, FL 32720
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 24-Acre Multifamily/Commercial Land in DeLand, FL
    Where is this multifamily property located?
    The property is located at Oaks Lndg DeLand, FL.
    What is the asking price?
    The asking price for this property is $7,400,000.
    What are key features of this property?
    This property features: Close proximity to Historic Downtown DeLand, FL; City water and sewer; 24 +/- acres
    (386) 738-3688 Call to check price and availability
    Request Owner's contact information
    Oaks Lndg DeLand, FL 32724
    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.
    Oaks Lndg
    DeLand, FL 32724
    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
    Oaks Lndg DeLand, FL 32724
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing J. Todd Swann, Ccim
    J. Todd Swann, Ccim
    Real Estate License ID: 206141
    (386) 738-3688
    Learn more
    Google sign-in failed. Please try again or use another login method.