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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    112 Indiana Ave DeLand, FL 32720

    • Investment properties
    • 7,818 SF
    • 0.16 lot acres
    For Lease
    View listing
    $1.07 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3062040
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Palmetto Realty / Real Estate Agency
    • First Choice Title of Florida / Title Company
    • Home Team Lending / Loan Service / Bank
    • Karisa Newman, REALTOR ️ / Real Estate Agency
    • Dianne Wodz, Realtor / Real Estate Agency

    Property Details for 112 Indiana Ave

    Year built
    1923
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Property size
    7,818 SF
    Zone code
    C2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    7009-01-03-0022
    APU
    700901030022

    Description

    This exceptional 7,818-square-foot executive office suite is ideally situated on a bustling street in historic downtown DeLand, Florida (32720). Located at 112 W Indiana Avenue, this single-tenant space occupies the second floor of a beautifully renovated building on a 0.16-acre lot (APN: 7009-01-03-0022). The suite boasts abundant natural light from skylights, a convenient kitchenette, and secured electronic access with an alarm system for peace of mind. Shared amenities include a conference room, restrooms, and a kitchen. The property also offers convenient access to a rear parking lot and prominent exterior and interior signage opportunities for enhanced visibility. The monthly rent of $1600 (plus sales tax) includes power and water. This prime location places your business in the heart of the action, benefiting from high foot traffic and proximity to numerous restaurants and amenities within walking distance. Experience the vibrant atmosphere of downtown DeLand, a thriving community where work, life, and leisure seamlessly blend. This is a rare opportunity to establish your business in a highly desirable and visible location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,610,000
      6.5%
      $1,485,000
      7%
      $1,380,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,452,000
      Market price range: $993k - $2.55M
      AI Estimate
      $974,000
      Market price range: $538k - $1.58M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,530,000
      Current use
      AUTO REPAIR, GARAGE
      $1,940,000
      Change: +27% Conversion: Difficult
      RESTAURANT
      $1,815,000
      Change: +19% Conversion: Difficult
      MEDICAL BUILDING
      $1,455,000
      Change: -5% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,400,000
      Change: -9% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,400,000
      Change: -9% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.3041
    Latitude
    29.0287
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,170
    $247,104
    $522,104
    $769,208
    -
    $247,104
    $522,104
    $769,208

    Comparable in this City

    • Value Estimation
      $540,000
      2,800 SF

      2745 Woodland Blvd

      STORE/OFFICE (MIXED USE) • 2,800 SF
      2745 Woodland Blvd, Deland, FL 32720-8643
      View Details
    • Value Estimation
      $4,320,000
      26,712 SF

      2600 Woodland Blvd

      STORE/OFFICE (MIXED USE) • 26,712 SF
      2600 Woodland Blvd, Deland, FL 32720-8640
      View Details
    • Value Estimation by Request
      1,352 SF

      1034 Martin St

      STORE/OFFICE (MIXED USE) • 1,352 SF
      1034 Martin St, Deland, FL 32720-3921
      View Details
    • Value Estimation by Request
      1,219 SF

      612 New York Ave

      STORE/OFFICE (MIXED USE) • 1,219 SF
      612 New York Ave, Deland, FL 32720-5274
      View Details
    • Value Estimation by Request
      848 SF

      Stone St

      STORE/OFFICE (MIXED USE) • 848 SF
      Stone St, Deland, FL 32720
      View Details
    • Value Estimation
      $1,385,000
      8,196 SF

      901 Stone St

      STORE/OFFICE (MIXED USE) • 8,196 SF
      901 Stone St, Deland, FL 32720-2521
      View Details

    Similar Nearby for Sale

    • $1,288,900
      5,000 SF

      strategically placed for maximum efficiency. There is also a 38 foot

      4 post Truck Lift w\/25
      875 Lakeview Dr, Deland, FL 32720
      View Details
    • $595,000
      4,123 SF

      Historic Mixed-Use Property in DeLand

      Historic mixed-use property in downtown DeLand with C-1 zoning.
      228 W Howry Ave, Deland, FL 32720
      View Details
    • $595,000
      5,033 SF

      Historic Mixed-Use Property in DeLand

      Historic mixed-use property with C-1 zoning in downtown DeLand.
      228 W Howry Ave, Deland, FL 32720
      View Details
    • New
      $425,000
      1,580 SF

      Versatile Mixed-Use Property in DeLand

      Mixed-use property with office and residential spaces, excellent accessibility.
      909 W New York Ave, Deland, FL 32720
      View Details
    • $199,900
      2,813 SF

      Prime Deland Mixed-Use Property

      High-Yield Investment, 10.51% Cap Rate
      410 Beresford Ave, DeLand, FL 32720
      View Details
    • $175,000

      Prime DeLand Commercial Land

      2-Acre Commercial Lot, $175,000
      0 No St, DeLand, FL 32720
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing
      269,083 SF

      West Volusia Retail Center

      High-traffic retail space available.
      2701 Woodland Blvd, DeLand, FL 32720
      View Details
    • Contact for pricing
      90,000 SF

      DeLand Restaurant Pad - Prime Location

      Restaurant space, flexible sizes, high visibility.
      940 Greens Dairy Rd, DeLand, FL 32720
      View Details
    • Contact for pricing
      1,308 SF

      Regional Shopping Center Space Available

      Retail space available in multi-anchored regional shopping center.
      2601-2631 S Woodland Blvd, 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.
    112 Indiana 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.