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Property profile & analytics
FOR LEASE
Investment properties

112 W Indiana Ave 206 Deland, FL 32720

7,818 SF 0.16 ac lot Built 1923
Entity Owned 12-yr Hold
Property ID
US18-3062040
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1923
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,818 SF
Lot 0.16 ac (6,864 SF)
Zoning code C2
APN 7009-01-03-0022
UPID US18-3062040
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.49M
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$1.31M
Owner & transaction history
112 West LLC · 12 yrs held
112 West LLC
since 2014
3 recorded transactions
2018
Price N/A
2014
$350,000
1969
Price N/A
Zoning & alternative use
C2 · Deland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.9M +26.9%
Restaurant $1.8M +18.6%
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