Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    180 Fenway Dr DeLand, FL 32724
    Back to Search
    Property profile & analytics

    180 Fenway Dr, DeLand, FL 32724

    View on Map
    • Hospitality properties
    • 53,484 SF
    • 1.90 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 180 Fenway Dr

    Year built
    2020
    Lot size
    1.90 lot acres
    Property type
    Hospitality properties
    Property subtype
    Motels

    Description

    This exceptional investment opportunity presents a 93-key Holiday Inn Express & Suites hotel in DeLand, Florida. Built in 2020, this four-story, 53,484 square foot interior-corridor hotel boasts concrete-block construction and is situated on a 1.9-acre lot (APN: 7028-20-00-0080). Conveniently located off Interstate-4, the property enjoys proximity to Stetson University and AdventHealth DeLand, benefiting from strong local demand. Its location less than an hour from Orlando provides access to a major tourism hub, further enhancing its investment potential. The hotel's strategic position also places it near several attractions including Lake Beresford, Barkley Square Dog Park, Blue Spring State Park, and the Volusia County Fair. The property is zoned PUD and offers significant upside potential as it continues to ramp up operations. Minimal property improvement plan (PIP) costs are anticipated for the new owner. A 20-year relicense from IHG is expected. This represents a rare chance to acquire a nearly new, high-demand hotel within a thriving market in the Deltona-Daytona Beach-Ormond Beach MSA, a region experiencing 2% annual population growth exceeding 685,000 residents. The Holiday Inn Express & Suites brand is highly desirable among both investors and consumers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    DeLand
    County
    Volusia
    State
    Florida
    Longitude
    -81.2979
    Latitude
    28.9886

    Comparable in this City

    • Value Estimation
      $7,320,000
      53,484 SF

      180 Fenway Dr

      HOTEL
      180 Fenway Dr, Deland, FL 32724-8480
      View Details
    • Value Estimation
      $7,300,000
      31,998 SF

      400 International Speedway Blvd

      HOTEL
      400 International Speedway Blvd, Deland, FL 32724-2428
      View Details
    • Value Estimation by Request
      14,020 SF

      111 Victoria Commons Blvd

      Retail properties & Spaces
      111 Victoria Commons Blvd, DeLand, FL 32724
      View Details
    • Value Estimation by Request

      000000 11Th Ave

      Land
      000000 11Th Ave, DeLand, FL 32724
      View Details
    • Value Estimation by Request

      3614 Aquamarine Dr

      Land
      3614 Aquamarine Dr, DeLand, FL 32724
      View Details
    • Value Estimation by Request
      2,022 SF

      106 Beresford Ave

      Investment properties
      106 Beresford Ave, Deland, FL 32724
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Undeveloped Land in DeLand

      Land available in DeLand, near shopping, dining, and recreation.
      1720 East Pkwy, Deland, FL 32724
      View Details
    • Contact for pricing

      DeLand Land: Prime Investment Opportunity

      0.26-acre lot, great investment potential.
      0 10Th Ave, DeLand, FL 32724
      View Details
    • $35,000
      1.25 Acres

      Deland Land Opportunity

      1.25 acres in University Highlands area, Deland, Florida.
      No St, Deland, FL 32724
      View Details
    • $75,000
      1.25 Acres

      Deland Land Opportunity

      1.25 acres in University Highlands area, Deland, Florida.
      No St, Deland, FL 32724
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      DeLand Office Space Available

      Office space available for lease in DeLand, Florida.
      1961 S Woodland Blvd, Deland, FL 32724
      View Details
    • Contact for pricing
      8,432 SF

      DeLand Office Building For Rent

      Two-story office building near historic downtown DeLand.
      124 S Amelia Ave, Deland, FL 32724
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Stetson University

      Retail space for rent with shared entrance with Walmart.
      1697 N Woodland Blvd, Deland, FL 32724
      View Details
    • Contact for pricing
      1,528 SF

      Retail Space Near Stetson University

      High-traffic retail center near university with strong tenant mix.
      101-299 E Inter Speedway Blvd, Deland, FL 32724
      View Details
    • Contact for pricing

      DeLand Commercial Property For Rent

      Commercial property available for rent, located near I-4.
      111 Victoria Commons Blvd, Deland, FL 32724
      View Details
    Request Owner's contact information
    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.
    180 Fenway Dr
    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
    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

    Thank You for Inquiry
    180 Fenway Dr, DeLand, FL, 32724
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!