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    Oaks Lndg DeLand, FL 32724

    For Sale
    $7,400,000

    24-Acre Multifamily/Commercial Land in DeLand, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    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 Features for 0 Oaks Lndg

    General Information

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

    HighLights

    • Close proximity to Historic Downtown DeLand, FL
    • City water and sewer
    • 24 +/- acres
    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

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    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
    Request Owner's contact information
    Oaks Lndg 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
    Oaks Lndg DeLand, FL 32724
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