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    1540 State Rd 15a Deland, FL 32720-7788
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    1540 State Rd 15a Deland, FL 32720-7788

    View on Map
    • Warehouses
    • 5,130 SF
    • 7.86 lot acres
    Off-Market
    Property ID
    US18-4172846
    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
    $970,000
    Show details
    Cap Rate Potential
    9.9%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1540 State Rd 15a

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.86 lot acres
    Property size
    5,130 SF
    Zone code
    B4
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    7020-00-00-0871
    APU
    702000000871

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $845,000
      6.5%
      $780,000
      7%
      $725,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,176,000
      Market price range: $239k - $1.18M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $915,000
      Current use
      AUTO REPAIR, GARAGE
      $1,275,000
      Change: +39% Conversion: Easy
      RESTAURANT
      $1,190,000
      Change: +30% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,005,000
      Change: +10% Conversion: Difficult
      MEDICAL BUILDING
      $955,000
      Change: +4% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $920,000
      Change: +0% Conversion: Moderate
      RETAIL STORES
      $745,000
      Change: -19% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $740,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.3146
    Latitude
    29.0003
    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
    $53,307
    $477,688
    $2,045,630
    $2,523,318
    -
    $477,688
    $2,045,630
    $2,523,318

    Comparable in this City

    • Value Estimation
      $2,105,000
      9,600 SF

      800 Spg Gdn Ave

      MINI-WAREHOUSE, STORAGE • 9,600 SF
      800 Spg Gdn Ave, Deland, FL 32720-3143
      View Details
    • Value Estimation
      $710,000
      3,808 SF

      1805 Woodland Blvd

      MINI-WAREHOUSE, STORAGE • 3,808 SF
      1805 Woodland Blvd, Deland, FL 32720-1729
      View Details
    • Value Estimation
      $1,405,000
      16,956 SF

      360 Delaware Ave

      MINI-WAREHOUSE, STORAGE • 16,956 SF
      360 Delaware Ave, Deland, FL 32720-4179
      View Details
    • Value Estimation by Request
      4,080 SF

      416 Orange Ave

      MINI-WAREHOUSE, STORAGE • 4,080 SF
      416 Orange Ave, Deland, FL 32720-4164
      View Details
    • Value Estimation
      $1,230,000
      10,561 SF

      100 Woodland Blvd

      WAREHOUSE, STORAGE • 10,561 SF
      100 Woodland Blvd, Deland, FL 32720-4249
      View Details
    • Value Estimation
      $3,825,000
      23,488 SF

      501 Woodland Blvd

      WAREHOUSE, STORAGE • 23,488 SF
      501 Woodland Blvd, Deland, FL 32720
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Freestanding Retail Building on 15A

      16,025 SF retail building on 0.86 acres for sale.
      1631 S State Road 15A, Deland, FL 32720
      View Details
    • Contact for pricing
      135,436 SF

      Functional Warehouse with Rail Access

      135,436 SF industrial warehouse with rail access in DeLand, Florida.
      2526 New York Ave W, Deland, FL 32720
      View Details
    • Contact for pricing

      Vacant Land Near SR 44

      Triangular 6050 SF vacant land parcel near SR 44.
      Linda Dr, Deland, FL 32720
      View Details
    • $1,254,900
      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
    • Contact for pricing
      40,494 SF

      Versatile Freestanding Building on New York

      40,494+ SF building on 2.73 acres near Downtown DeLand.
      865 W New York Ave, Deland, FL 32720
      View Details
    • $644,900
      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

    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
    • Contact for pricing

      Executive Office Building in Deland

      Executive office spaces available near Downtown Deland.
      1025 W New York Ave, Deland, FL 32720
      View Details
    • Contact for pricing
      1,400 SF

      DeLand Office Space Available

      Office space available for lease in DeLand, Florida.
      1961 S Woodland Blvd, Deland, FL 32720
      View Details
    • $750 /Mo
      300 SF

      Deland Executive Suite Available

      Deland Executive Suites Available
      1025 W. New York Ave, DeLand, FL 32720
      View Details
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    1540 State Rd 15a
    Deland, FL 32720-7788
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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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