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    1398 Woodland Blvd Deland, FL 32720-7731
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    Property profile & analytics

    1398 Woodland Blvd, Deland, FL 32720-7731

    View on Map
    • Manufacturing properties
    • 64,163 SF
    • 17.26 lot acres
    Off-Market
    Last Sale Jul 21, 2025
    $9,250,000
    Property ID
    US18-6329889
    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.
    Value Estimations
    $7,630,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Foundever™ / Bpo Company

    Property Details for 1398 Woodland Blvd

    Year built
    1973
    Construction
    WOOD
    Lot size
    17.26 lot acres
    Zone code
    C2
    Property type
    Manufacturing properties
    APN
    7021-00-00-0450
    APU
    702100000450

    Description

    Investor opportunity: Acquire the fee simple interest in Woodland Plaza, a 74,593-square-foot, single-story Class B office building situated on a 17-acre lot in DeLand, Florida. This property, located at 1398 S. Woodland Blvd (zip code 32720), boasts excellent visibility and accessibility with six access points from Woodland Boulevard and New Hampshire Avenue. Currently 58% occupied with a single tenant under a NNN lease expiring January 31, 2029 (4.2 years remaining), the property generates a current NOI of $481,141. The net rentable square footage is 43,113 square feet. The property features ample parking with 748 spaces and is zoned C-2AC, maximizing redevelopment potential. Built in 1973, this asset presents a unique opportunity to capitalize on below-market tenant rents and explore the development of several potential outparcels. On-site drainage is already in place. This redevelopment opportunity allows for existing income generation while planning for future development after the current lease expires.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,365,000
      6.5%
      $5,875,000
      7%
      $5,455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,326,000
      Market price range: $4.27M - $18.5M
      AI Estimate
      $5,434,000
      Market price range: $2.27M - $10.1M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $9,265,000
      Current use
      COMMERCIAL (GENERAL)
      $12,560,000
      Change: +36% Conversion: Difficult
      MEDICAL BUILDING
      $11,935,000
      Change: +29% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $11,490,000
      Change: +24% Conversion: Difficult
      WAREHOUSE, STORAGE
      $11,470,000
      Change: +24% Conversion: Easy
      RETAIL STORES
      $9,300,000
      Change: +0% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.3045
    Latitude
    29.0051
    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
    $75,454
    $1,503,724
    $2,519,945
    $4,023,669
    -
    $1,503,724
    $2,519,945
    $4,023,669

    Comparable in this City

    • Value Estimation
      $745,000
      5,279 SF

      2700 Woodland Blvd

      HEAVY MANUFACTURING
      2700 Woodland Blvd, Deland, FL 32720-1318
      View Details
    • Value Estimation by Request
      2,738 SF

      1871 New York Ave

      MANUFACTURING (LIGHT)
      1871 New York Ave, Deland, FL 32720-4909
      View Details
    • Value Estimation by Request
      4,855 SF

      302 Stewart Ave

      MANUFACTURING (LIGHT)
      302 Stewart Ave, Deland, FL 32720-4046
      View Details
    • Value Estimation
      $575,000
      10,560 SF

      300 Beresford Ave

      MANUFACTURING (LIGHT)
      300 Beresford Ave, Deland, FL 32720-7330
      View Details
    • Value Estimation by Request
      2,058 SF

      217 Spg Gdn Ave

      MANUFACTURING (LIGHT)
      217 Spg Gdn Ave, Deland, FL 32720-3938
      View Details
    • Value Estimation
      $560,000
      4,800 SF

      4043 Us Hwy 17

      MANUFACTURING (LIGHT)
      4043 Us Hwy 17, Deland, FL 32720-1136
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    • New
      $399,000
      1,503 SF

      Flex Office and Warehouse Property

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      135,436 SF

      Functional Warehouse with Rail Access

      135,436 SF industrial warehouse with rail access in DeLand, Florida.
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      3,394 SF

      DeLand Commercial Property on Corner

      Versatile commercial property with three buildings on a corner lot.
      1319 S Woodland Blvd, Deland, FL 32720
      View Details
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      40,494 SF

      Versatile Freestanding Building on New York

      40,494+ SF building on 2.73 acres near Downtown DeLand.
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    • Contact for pricing
      Pending

      DeLand Warehouse, Office, Fuel Farm

      Turn-key warehouse/light industrial property with office and fuel farm.
      875 Lakeview Dr, Deland, FL 32720
      View Details

    Similar Nearby for Lease

    • $15,000 /Mo

      DeLand Warehouse Space Available

      2240 SF warehouse space near Downtown DeLand for lease.
      323 N Delaware Ave, Deland, FL 32720
      View Details
    • $6,300 /Mo

      DeLand Warehouse Space Available

      360 SF warehouse space available near Downtown DeLand.
      323 N Delaware Ave, Deland, FL 32720
      View Details
    • $475 /Mo

      Historic Downtown DeLand Executive Suites

      Executive suites in historic Landis Fish Building, Downtown DeLand.
      110 W Indiana Ave, Deland, FL 32720
      View Details
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    Deland, FL 32720-7731
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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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