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    FOR SALE
    Community centers

    121 Howland Blvd, Deltona, FL 32738

    8,514 SF 0.98 ac lot Built 2009
    Individually Owned 14-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US18-4624456
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fee-simple interest in the Shoppes of East Deltona, a thriving 8,450-square-foot multi-tenant retail center located at 121 Howland Blvd, Deltona, FL 32738. Boasting a 100% occupancy rate with six tenants, including national brands like T-Mobile, Hungry Howie's Pizza, and GameStop, this stabilized property offers a compelling 6.00% cap rate and a strong NOI of $200,640. Built in 2009, the single-story, concrete block structure sits on a 42,689-square-foot lot and provides ample parking with 42 spaces. The property benefits from its strategic outparcel location adjacent to a Walmart Supercenter, McDonald's, a gas station, and a Fairwinds Credit Union, ensuring high visibility and consistent traffic. The property features rent bumps, and the current owner, also the original builder, has meticulously maintained the center since its construction. This is a rare opportunity to acquire a well-established, high-performing retail center in a desirable location with a proven track record of success. The property's strong tenant mix, excellent location, and consistent occupancy make it an ideal addition to any investment portfolio. The property is offered at $3,344,000.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 2009
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 8,514 SF
    Lot 0.98 ac (42,689 SF)
    APN 9206-04-00-0030
    UPID US18-4624456
    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
    • Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
    • GameStop Arcade & Gaming Center Electronics & Wireless Store
    • Deltona Nails & Spa Nail Salon
    • Caribbean Grill & Roti Shop Restaurant
    • deltona tobacco & vape (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.41M
    Owner & transaction history
    Ins Standard · 14 yrs held
    Ins Standard
    since 2011
    3 recorded transactions
    2011
    $1.1M
    2008
    $1.1M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $2.1M +38.8%
    Warehouse, storage $1.8M +15.8%
    Commercial (general) $1.7M +9.2%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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