1307 Saratoga St DeLand, FL 32724
- Warehouses
- 13,300 SF
- 1.31 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1307 Saratoga St
- Year built
- 2009
- Construction
- WOOD
- Lot size
- 1.31 lot acres
- Property size
- 13,300 SF
- Zone code
- M-1
- Property type
- Warehouses
- APN
- 6034-00-00-0107
- APU
- 603400000107
Description
This exceptional 10,500 square foot industrial property, situated on a 1.31-acre lot at the DeLand Airport, presents a compelling investment opportunity. Constructed in 2010, the building comprises five individual units, each designed for efficient use with dimensions of approximately 30' wide by 50' deep. Eight roll-up doors (five measuring 12' x 14' and three measuring 10' x 8') provide convenient access. The building features a 20' eave height and a sloped metal roof. HVAC systems are installed in 4,500 square feet of industrial space and the 3,000 square foot upstairs apartment. Each unit includes a half-bath, while the owner's industrial space boasts a full bath. The property also includes a substantial 3,000 square foot, four-bedroom, 4.5-bathroom apartment, complete with its own emergency generator. The entire property is gated and fully fenced, offering ample space for additional parking or future building expansion. Individual electric meters and a single water meter ensure efficient utility management. This fee-simple land ownership provides complete control, independent of the City of Deland. All current leases are short-term, presenting a unique value-add opportunity for an investor or an ideal space for an end-user. This property offers a rare combination of size, location, and features, making it an attractive investment in a thriving area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,640,000
- ML approach
- $1,640,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,785,000
- 6.5%
- $1,645,000
- 7%
- $1,530,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,637,000
- AI Estimate
- $1,199,000
Market price range: $1.64M - $3.69MMarket price range: $581k - $3.29M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $2,460,000 Current use
- MEDICAL BUILDING
- $2,475,000 Change: +0% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,380,000 Change: -3% Conversion: Moderate
- RETAIL STORES
- $2,290,000 Change: -7% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $2,075,000 Change: -16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Deland
- County
- Volusia
- State
- Florida
- Longitude
- -81.2794
- Latitude
- 29.061
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
