Property profile

121 Howland Blvd Deltona, FL 32738

FOR LEASE
Community centers
Property ID
US18-4624456
8,514 SF 0.98 ac lot Built 2009
Individually Owned 14-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Mobile Phone Store Electronics & Wireless Store
  • Arcade & Gaming Center Electronics & Wireless Store
  • Nail Salon
  • Restaurant
  • (Bike/Boat/Book/etc) Store

Location

121 Howland Blvd Deltona, FL 32738
Deltona metro Census 91031 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2011
3 recorded transactions
2011
$1.1M
2008
$1.1M
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $2.1M +38.8%
Warehouse, storage $1.8M +15.8%
Commercial (general) $1.7M +9.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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