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Property profile & analytics
FOR LEASE
Investment properties
110 W Indiana Ave Deland, FL 32720
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0525346
For Lease
1 / 13
$1,225,000
110 W Indiana Ave, Deland, FL 32720
View Listing →
Property summary
AI-generated overview
This exceptional opportunity presents four executive office suites for lease within the historic Landis Fish Building, located at 110 W Indiana Ave, DeLand, FL 32720. The 6,760 square foot, two-story Class B building, constructed in 1908, sits on a 0.09-acre lot (APN: 7009-01-03-0023) and is zoned C2H. Suites are available on both the first and second floors, with a minimum leasable space of 144 square feet. Shared amenities include a conference table, breakroom, and bathroom. The convenient location offers easy access to Stetson University and the Volusia County Courthouse, as well as nearby street-side retail. All utilities and operating expenses are included in the lease rate. Optional janitorial services are available for an additional $50 per month. This property is ideally suited for a variety of professional service businesses, including accounting, legal, and insurance firms. The building consists of one structure in Volusia County.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1908
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,760 SF
Lot
0.09 ac (4,000 SF)
Zoning code
C2
APN
7009-01-03-0023
UPID
US19-0525346
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Buckmaster & Ellzey Law Firm
-
M2 Metabolic Method Corporate Office
-
Dewberry Engineering Consultant Architect
-
The Insurance Mix Insurance Agency
-
Fairway's Indoor Golf Golf Course
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.23M
Owner & transaction history
Landis Fish Building LLC · 4 yrs held
Landis Fish Building LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
C2 · Deland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+26.9%
Restaurant
$1.6M
+18.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Deland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Deland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,165,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
$1,390,000
6.5%
$1,285,000
7%
$1,195,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,325,000
Current use
AUTO REPAIR, GARAGE
$1,680,000
Change: +27% · Conversion: Difficult
RESTAURANT
$1,570,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$1,255,000
Change: -5% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,210,000
Change: -9% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,210,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±10% · vs last sale $1.28M (Mar 8 2022)
Last sale anchor
$1.28M
Mar 8 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$181 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,605
Tax year 2023
Assessed value
$938,829
Assessed 2023
Previous assessed
$866,734
+8.3% YoY
Effective rate
1.88%
On assessed value
Assessed land
$140,000
Assessed improvement
$798,829
Land market value
$140,000
Improvement market value
$798,829
Total market value
$938,829
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1908
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
2
Bathrooms
3
Total area
6,760 SF
Lot
0.09 ac (4,000 SF)
Zoning code
C2
APN
7009-01-03-0023
UPID
US19-0525346
Jurisdiction
VOLUSIA
Zoning & alternative use
C2 · Deland, FL
Zoning C2 · permitted uses
C2 · Deland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Deland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1908
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Landis Fish Building LLC
Entity
Mailing address
994 IS GRV DR, DELAND, FL 32724-9734
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2022
$1,275,000
Landis Fish Building LLC
Mid S Pilot Service LLC
Warranty Deed
—
Aug 4, 2015
$760,000
Mids Pilot Service LLC
Mason,scott
Warranty Deed
$570,000 · Vystar Cu
Jul 3, 2007
—
Scott D Mason
Edmond Hennessy
Quit Claim Deed
related
$150,000 · Sunshine State Community Bank
Jun 5, 2007
—
Scott Mason
Hennessy,edmond
Quit Claim Deed
related
—
Oct 28, 2004
—
Edmond Hennessey
Mason,scott
Quit Claim Deed
related
—
Mar 2, 2004
$300,000
Scott D Mason
Nash,wilkie C & Elaine F
Grant Deed
$250,000 · Wilkie C & Elaine F Nash
Dec 29, 1999
$155,000
Wilkie C Nash
Southtrust Bank NA
Grant Deed
$110,000 · Southtrust Bank NA
—
—
Scott D Mason
—
Deed Of Trust
related
$100,000 · Gary Flick
—
—
Edmond P Hennessy
—
Deed Of Trust
related
$580,000 · Premier Mortgage Funding INC
—
—
Scott D Mason
—
Deed Of Trust
related
$300,000 · Edmond P Hennessy
—
—
Scott D Mason
—
Deed Of Trust
related
$103,000 · First Community Bank
—
—
Edmond Hennessy
—
Deed Of Trust
related
$10,000 · Premier Mortgage Funding INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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