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    Property profile & analytics

    121 Howland Blvd Deltona, FL 32738

    • Community centers
    • 8,514 SF
    • 0.98 lot acres
    For Sale
    View listing
    $3,344,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4624456
    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

    • 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

    Property Details for 121 Howland Blvd

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.98 lot acres
    Property size
    8,514 SF
    Property type
    Community centers
    APN
    9206-04-00-0030
    APU
    920604000030

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,525,000
      Current use
      AUTO REPAIR, GARAGE
      $2,115,000
      Change: +39% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,765,000
      Change: +16% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,665,000
      Change: +9% Conversion: Easy
      MEDICAL BUILDING
      $1,585,000
      Change: +4% Conversion: Difficult
      RETAIL STORES
      $1,500,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Deltona
    County
    Volusia
    State
    Florida
    Longitude
    -81.1645
    Latitude
    28.8722
    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
    $26,622
    $298,823
    $998,087
    $1,296,910
    -
    $298,823
    $998,087
    $1,296,910

    Comparable in this City

    • Value Estimation by Request
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      783 Ft Smith Blvd

      MINI-MALL • 10,030 SF
      783 Ft Smith Blvd, Deltona, FL 32738-7716
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    • Value Estimation
      $655,000
      5,304 SF

      2772 Elkcam Blvd

      MINI-MALL • 5,304 SF
      2772 Elkcam Blvd, Deltona, FL 32738-3463
      View Details
    • Value Estimation
      $635,000
      5,280 SF

      2748 Elkcam Blvd

      MINI-MALL • 5,280 SF
      2748 Elkcam Blvd, Deltona, FL 32738-3433
      View Details
    • Value Estimation
      $570,000
      5,280 SF

      2742 Elkcam Blvd

      MINI-MALL • 5,280 SF
      2742 Elkcam Blvd, Deltona, FL 32738-3400
      View Details
    • Value Estimation
      $1,210,000
      11,520 SF

      600 Courtland Blvd

      MINI-MALL • 11,520 SF
      600 Courtland Blvd, Deltona, FL 32738-8900
      View Details
    • Value Estimation
      $10,445,000
      135,093 SF

      2170 Howland Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 135,093 SF
      2170 Howland Blvd, Deltona, FL 32738-3457
      View Details

    Similar Nearby for Sale

    • $95,000

      Prime Deltona Commercial Land

      .72-acre lot, high visibility, $95,000
      3145 Yorkshire Dr, Deltona, FL 32738
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    • $329,000

      Prime Corner Lots for Drive-Thru

      Two corner lots ideal for drive-thru near hospital and Amazon.
      000 Howland Blvd & Bluffview Blvd, Deltona, FL 32738
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    • $329,000
      27,299 SF

      000 & THIS PROPERTY IS .65 OF A ACRE AT $329

      000 HOWLAND BLVD. HAS BEEN 4 LANED FROM I-4 TO ELKCAM BLVD. IN DELTONA. Minutes to.....New Hospital....I-4 Howland Exit.....Amazon Make a left on to Bluffview drive across the back of the lots get you tacos then exit out onto Maureen Dr. this layout has been drawn up
      000 Howland Blvd & Bluffview Blvd, Deltona, FL 32738
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    • $3,344,000
      8,450 SF

      Retail Property For Sale

      8,514 sqft retail property with $200,640 net operating income.
      121 Howland Blvd, Deltona, FL 32738
      View Details
    • $999,000

      Prime Deltona Development Land

      5 Acres, Multi-Use Potential, $999,000
      0000 Doyle Rd, Deltona, FL 32738
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    • $329,000
      27,299 SF

      Prime Corner Lots for Drive-Thru

      Two corner lots ideal for retail or drive-thru restaurant.
      000 Howland Blvd & Bluffview Blvd, Deltona, FL 32738
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,050 SF

      Retail Space in Deltona Center

      Retail space available in a busy Deltona shopping center.
      2170 Howland Blvd, Deltona, FL 32738
      View Details
    • $6,000 /Mo
      4,920 SF

      Retail/Warehouse Opportunity in Deltona

      5,520 SF commercial building ideal for retail or warehouse.
      271 Fort Smith Blvd, Deltona, FL 32738
      View Details
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    Deltona, FL 32738
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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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