940 Deltona BlvdDeltona, FL 32725

Property Details for 940 Deltona Blvd

Year built

1976

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.17 AC

Property size (Sq ft)

3,840 SF

Zone code

B

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

8130-22-21-0200

APU

813022210200

Description

This exceptional commercial property, located at 940 Deltona Blvd, Deltona, FL 32725, presents a significant investment opportunity. The 3,840 square foot, single-story building sits on a 1.17-acre lot (50,830 square feet) and boasts 130 feet of frontage on Deltona Blvd, ensuring high visibility in a busy area. Built in 1976, this Class C property is zoned 01B - Commercial Land, and features a convenient drive-thru, ample parking for approximately 50 vehicles, and is currently 100% occupied. The property is offered for sale/leaseback, presenting a value-add or redevelopment opportunity. The asking price is $990,000, translating to $257.81 per square foot. The lease type is NNN, and the current tenancy is single, with a remaining lease term of zero years. This location is ideal for a variety of uses, including banks, pharmacies, and quick-service restaurants. The property's prime location and features make it an attractive investment for businesses seeking high visibility and accessibility in a thriving suburban market. Seller financing and leaseback options are negotiable.

• CAP approach

  CAP return

  Valuation

  6%

  $810,522

  6.5%

  $748,175

  7%

  $694,734

• Comparable approach

  Method

  Valuation

  Relative Method

  $664,422

  Geo Method

  $664,422

• Alternative Use

  Use

  Valuation

  Residential

  $748,175

  Hospitality

  $685,324

  Educational

  $570,181

  Medical

  $589,791

  Retail

  $886,949

Location Insight

City

Deltona

County

Volusia

State

Florida

Latitude

28.8885

Longitude

-81.2768

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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