Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    274 Springview Commerce Dr DeBary, FL 32713
    Back to Search
    Property profile & analytics

    274 Springview Commerce Dr, DeBary, FL 32713

    View on Map
    • Warehouses
    • 4,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 274 Springview Commerce Dr

    Year built
    2020
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This 4,500-square-foot warehouse in DeBary, Florida, is available for immediate lease. Located in the newly constructed Springview Industrial Park (2020), this single-tenant building offers a clear-span, pillar-free design, ideal for various industrial uses. The building features a 24-foot ceiling height, providing ample vertical space. Access is convenient with one drive-in door and abundant natural light. The property includes a 400-amp, 120/208 3-phase panelboard, ensuring sufficient power for most operations. Parking is available for 3-4 vehicles. The building is situated on a cul-de-sac off Shell Road, offering a quiet and secure location. Its prime location provides easy access to major roadways, including US 17/92, Dirksen Drive, and Debary Avenue, and is less than five minutes from I-4. The property is also conveniently located near local retail options on Debary Avenue and Deltona Boulevard, and less than two minutes from Gemini Springs Park. This property represents a fantastic opportunity in Volusia County's rapidly growing industrial market. The lease type is NNN.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    DeBary
    County
    Volusia
    State
    Florida
    Longitude
    -81.3267
    Latitude
    28.8692

    Comparable in this City

    • Value Estimation by Request
      4,972 SF

      272 Springview Commerce Dr

      Distribution properties
      272 Springview Commerce Dr, DeBary, FL 32713
      View Details
    • Value Estimation by Request

      160 Ml Grant Rd

      Distribution properties
      160 Ml Grant Rd, DeBary, FL 32713
      View Details
    • Value Estimation by Request

      170 Ml Grant Rd

      Distribution properties
      170 Ml Grant Rd, DeBary, FL 32713
      View Details
    • Value Estimation
      $800,000
      420 SF

      516 Shell Rd

      WAREHOUSE, STORAGE
      516 Shell Rd, Debary, FL 32713-9774
      View Details
    • Value Estimation by Request
      2,240 SF

      495 Shell Rd Ste 3a

      WAREHOUSE, STORAGE
      495 Shell Rd Ste 3a, Debary, FL 32713-1831
      View Details
    • Value Estimation
      $3,985,000
      31,500 SF

      291 Springview Commerce Dr

      WAREHOUSE, STORAGE
      291 Springview Commerce Dr, Debary, FL 32713-4838
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      DeBary Industrial Flex Buildings

      Two industrial buildings with office and warehouse space for sale.
      150 Springview Commerce Dr, Debary, FL 32713
      View Details
    • Contact for pricing
      1,152 SF

      DeBary Office For Sale

      Office space available in DeBary, Florida, totaling 1,152 square feet.
      513 S Shell Rd, Debary, FL 32713
      View Details
    • $449,900
      5.00 Acres

      DeBary Residential Land Opportunity

      5 acres of improved A-2 zoned land near St. Johns River.
      786 Fort Florida Rd, Debary, FL 32713
      View Details
    • Contact for pricing
      Pending

      DeBary Mixed-Use Development Opportunity

      New mixed-use development with retail, restaurants, and apartments.
      567 Charles R Beall Blvd S, Debary, FL 32713
      View Details
    • $649,000
      0.96 Acres

      Prime Commercial Land in DeBary

      Highly desirable .98-acre commercial parcel in the heart of DeBary, Florida.
      34 S Charles Richard Beall Blvd, Debary, FL 32713
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Flex Space Near Orlando

      Flex space with office, minutes from Orlando MSA.
      230 Springview Commerce Dr, Debary, FL 32713
      View Details
    • $14 SF/Yr

      DeBary Flex Industrial Space

      Functional warehouse and office space with I-4 access in DeBary.
      643 South Charles Richard Beall Blvd, Debary, FL 32713
      View Details
    • Contact for pricing

      DeBary Manufacturing and Storage Facility

      23,900 SF building with outdoor storage on 1 acre.
      907 S Charles Richard Beall Blvd, Debary, FL 32713
      View Details
    • $13 SF/Yr
      5,600 SF

      Debary Flex/Warehouse Space Available

      Flex/warehouse space for lease in Debary, Florida.
      475-495 S Shell Rd, Debary, FL 32713
      View Details
    • Contact for pricing
      4,800 SF

      DeBary Flex Space Available

      4,800 SF flex space in Springview Commerce Center.
      403 Chairman Ct, Debary, FL 32713
      View Details
    • $44,775

      DeBary Flex Space Available

      Flex space available within Springview Commerce Park in DeBary, FL.
      262 Springview Commerce Dr, Debary, FL 32713
      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.
    274 Springview Commerce Dr
    DeBary, FL 32713
    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
    274 Springview Commerce Dr, DeBary, FL, 32713
    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!