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

    209 Howry Ave DeLand, FL 32720

    • Land
    • 1.89 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 209 Howry Ave

    Lot size
    1.89 lot acres
    Property type
    Land

    Description

    This exceptional 1.89-acre commercial land parcel in DeLand, Florida, presents a remarkable development opportunity. Located on the southeastern edge of downtown, this C-2 zoned property boasts frontage on three streets, including significant road frontage on East Howry Avenue and Amelia Avenue, experiencing over 8,500 cars daily. The property includes two existing structures and approximately half wooded land, offering flexibility for development. Its prime location places it within walking distance of DeLand's vibrant downtown area, including Artisan Alley, Persimmon Hollow Brewery, various restaurants, and Stetson University's athletic facilities. The generous lot size is ideal for a multi-family development or retail center, capitalizing on DeLand's thriving economy, which encompasses tourism, agriculture, education, and more. The property's easy ingress and egress further enhance its appeal. This corner lot offers unparalleled access to DeLand's amenities and high visibility, making it an exceptional investment in a rapidly growing Florida city. The property's address is 209 Brinkley Drive & 246 E Howry Ave, DeLand, FL 32720, and is listed at $510,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    DeLand
    County
    Volusia
    State
    Florida
    Longitude
    -81.3729
    Latitude
    29.0128

    Comparable in this City

    • Value Estimation by Request

      Linda Dr

      Land
      0 Linda Dr, DeLand, FL 32720
      View Details
    • Value Estimation by Request
      32.84 Acres

      44 New York Ave

      Land • 32.84 Acres
      44 New York Ave, DeLand, FL 32720
      View Details
    • Value Estimation by Request
      0.41 Acres

      125 Adelle Ave

      Land • 0.41 Acres
      125 Adelle Ave, DeLand, FL 32720
      View Details
    • Value Estimation by Request
      4.12 Acres

      Capitalize On This Development Opportunity

      Land • 4.12 Acres
      0 Capitalize On This Development Opportunity, DeLand, FL 32720
      View Details
    • Value Estimation by Request

      No St

      Land
      0 No St, DeLand, FL 32720
      View Details
    • Value Estimation by Request
      2.91 Acres

      1040 Williamsburg Rd

      Land • 2.91 Acres
      1040 Williamsburg Rd, DeLand, FL 32720
      View Details

    Similar Nearby for Sale

    • $300,000
      1.17 Acres

      DeLand Commercial Land: Winn-Dixie Outparcel

      High-traffic DeLand land, ideal for development.
      3090 Woodland Blvd, DeLand, FL 32720
      View Details
    • $325,000
      0.93 Acres

      DeLand Commercial Land - $325K

      Prime .93-acre development site in DeLand, FL.
      733 Spring Garden Ave, DeLand, FL 32720
      View Details
    • $1,000,000
      5.00 Acres

      Deland Commercial Land - 5 Acres

      Prime 5-acre commercial lot in DeLand, FL. High-traffic location.
      0 Spring Garden Ave, DeLand, FL 32720
      View Details
    • $39,000

      Land For Sale

      Land available for sale.
      43718 Cooter Pond Rd, Deland, FL 32720
      View Details
    • Contact for pricing
      0.12 Acres

      DeLand Land Parcel For Sale

      0.12 acre lot near Blue Springs State Park.
      Lot 18 & 19, Deland, FL 32720
      View Details
    • $30,000

      DeLand Building Lot For Sale

      Building lot in DeLand, Florida, with no HOA or flood zone.
      510 S Adelle Ave, Deland, FL 32720
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      600 SF

      Deland Executive Suites: Prime Location

      Two furnished offices, downtown Deland
      1025 New York Ave, DeLand, FL 32720
      View Details
    • $29 SF/Yr
      6,760 SF

      DeLand Executive Suites For Lease

      Historic Downtown DeLand Office Space
      110 Indiana Ave, DeLand, FL 32720
      View Details
    • $1,085 /Mo
      13,432 SF

      DeLand Office Space For Rent

      Centrally located office space ideal for professional service businesses.
      320 S Spring Garden Ave, Deland, FL 32720
      View Details
    • Contact for pricing
      1,505 SF

      Regional Shopping Center Retail Space

      Retail space in multi-anchored regional shopping center for lease.
      2641-2487 S Woodland Blvd, Deland, FL 32720
      View Details
    • $28 SF/Yr
      15,174 SF

      Woodland Blvd Commercial Space

      DeLand, FL: Retail, Office, Medical
      425 Woodland Blvd, DeLand, FL 32720
      View Details
    • $30,000

      DeLand Commercial Space For Rent

      Commercial space near Downtown DeLand, suitable for various businesses.
      209 S Florida Ave, Deland, FL 32720
      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.
    209 Howry Ave
    DeLand, FL 32720
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.