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

    119 Orange Ave Deland, FL 32720-4175

    • Residential income homes
    • 3,298 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0063295
    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

    • Residential income homes

    Property Details for 119 Orange Ave

    Year built
    1918
    Construction
    WOOD
    Lot size
    0.33 lot acres
    Property size
    3,298 SF
    Zone code
    C1
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    7008-43-10-0051
    APU
    700843100051

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $480,000
      6.5%
      $445,000
      7%
      $415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $228,000
      Market price range: $228k - $477k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $310,000
      Current use
      COMMERCIAL (GENERAL)
      $435,000
      Change: +39% Conversion: Moderate
      WAREHOUSE, STORAGE
      $400,000
      Change: +28% Conversion: Difficult
      RETAIL STORES
      $345,000
      Change: +12% Conversion: Difficult
      MEDICAL BUILDING
      $330,000
      Change: +6% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $310,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.3136
    Latitude
    29.0286
    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
    $3,204
    $32,625
    $138,257
    $170,882
    -
    $32,625
    $138,257
    $170,882

    Comparable in this City

    • Value Estimation
      $295,000
      2,436 SF

      202 Luella Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,436 SF
      202 Luella Ct, Deland, FL 32720-4283
      View Details
    • Value Estimation by Request
      4.00 Acres

      2395 Woodland Blvd

      Multifamily properties • 27,000 SF
      2395 Woodland Blvd, DeLand, FL 32720
      View Details
    • Value Estimation by Request
      6,000 SF

      1026 Beresford Rd

      Multifamily properties • 6,000 SF
      1026 Beresford Rd, DeLand, FL 32720
      View Details
    • Value Estimation by Request
      11,410 SF

      647 Woodland Blvd

      Multifamily properties • 11,410 SF
      647 Woodland Blvd, DeLand, FL 32720
      View Details
    • Value Estimation
      $835,000
      1.81 Acres

      1350 Lakeview Dr

      CAMPGROUND, RV PARK • 1.81 Acres
      1350 Lakeview Dr, Deland, FL 32720-3049
      View Details
    • Value Estimation
      $7,300,000
      1,200 SF

      2915 State Rd 44

      CAMPGROUND, RV PARK • 1,200 SF
      2915 State Rd 44, Deland, FL 32720
      View Details

    Similar Nearby for Sale

    • $765,000
      Pending

      Income-Producing Multifamily Property

      Fully leased 6-unit complex with short-term rental potential.
      410 W Howry Ave, Deland, FL 32720
      View Details
    • $2,400,000
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      Development Land in Deland, Florida

      9+ acre multifamily development opportunity in Deland, Florida.
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    • $3,200,000
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    • $765,000
      Pending

      Income-Producing Multifamily Property

      Fully leased 6-unit complex near Downtown DeLand.
      410 W Howry Ave, Deland, FL 32720
      View Details
    • $295,000

      Turnkey Triplex Near Downtown DeLand

      Tenant-occupied triplex with updated units near Stetson University.
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    • $510,000

      Historic Quadplex Near Downtown DeLand

      Four-unit property near downtown and Stetson University.
      209 W Wisconsin Ave, Deland, FL 32720
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    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
    • $28 SF/Yr
      15,174 SF

      Woodland Blvd Commercial Space

      DeLand, FL: Retail, Office, Medical
      425 Woodland Blvd, DeLand, FL 32720
      View Details
    • $30,000

      DeLand Commercial Space For Rent

      Commercial space near Downtown DeLand, suitable for various businesses.
      209 S Florida Ave, 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

    Property Visit Statistics

    • Visits by month
      457
    • Visitors by month
      236
    • Avg Time on site
      32 min
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    119 Orange Ave
    Deland, FL 32720-4175
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    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
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