Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1601 Woodland Blvd Deland, FL 32720-1803
    Property profile & analytics

    1601 Woodland Blvd, Deland, FL 32720-1803

    View on Map
    • Drive through restaurants
    • 1,593 SF
    • 0.91 lot acres
    Off-Market
    Last Sale Aug 10, 2023
    $350,000
    Property ID
    US18-8860355
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 1601 Woodland Blvd

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.91 lot acres
    Zone code
    C2
    Property type
    Drive through restaurants
    APN
    6033-06-01-0010
    APU
    603306010010

    Description

    This exceptional 39,640-square-foot retail property, located at 1601 N Woodland Blvd in DeLand, Florida (32724), presents a unique investment opportunity. The vacant site, formerly a Sonic Drive-In, sits on a 0.91-acre lot and boasts a prime location on a heavily trafficked road, experiencing approximately 30,000 cars daily. Its strategic placement among established national franchises like Chili's, Walmart, and Zaxby's ensures high visibility and consistent foot traffic. The area is experiencing significant growth, with recent additions such as a Hampton Inn across the street and a new Culver's, along with upcoming developments including a Chipotle and Starbucks near existing businesses like Planet Fitness and McDonald's. The property features existing plumbing and electricity. The building and appliances are sold "as is." The property is zoned C-2 (City of DeLand) and was built in 2003. The asking price is $975,000, translating to a land value of $20.06 per square foot. This presents a compelling opportunity to capitalize on the burgeoning DeLand market and establish a thriving retail presence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.3039
    Latitude
    29.0576
    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
    $7,497
    $396,400
    $3,410
    $399,810
    -
    $396,400
    $3,410
    $399,810

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      1206 Woodland Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      1206 Woodland Blvd, Deland, FL 32720-8122
      View Details
    • Value Estimation by Request
      2,256 SF

      1075 Williamsburg Pl

      DRIVE-THRU RESTAURANT, FAST FOOD
      1075 Williamsburg Pl, Deland, FL 32720-6045
      View Details
    • Value Estimation by Request
      4,442 SF

      1850 Woodland Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      1850 Woodland Blvd, Deland, FL 32720-7913
      View Details
    • Value Estimation by Request
      3,096 SF

      140 Spg Gdn Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      140 Spg Gdn Ave, Deland, FL 32720-5138
      View Details
    • Value Estimation
      $2,045,000
      2,858 SF

      1490 Woodland Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      1490 Woodland Blvd, Deland, FL 32720-2269
      View Details
    • Value Estimation by Request
      3,948 SF

      1693 Woodland Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      1693 Woodland Blvd, Deland, FL 32720-1803
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Site on SR 15A

      2+/- acre commercial site with retail and office potential.
      915 S Spring Garden Ave, Deland, FL 32720
      View Details
    • $149,900
      2,813 SF

      DeLand Commercial Opportunity For Sale

      Commercial facility in DeLand, suitable for restaurant, retail, or office.
      410 W Beresford Ave, Deland, FL 32720
      View Details
    • Contact for pricing
      2,813 SF

      Restaurant/Retail/Office Opportunity in DeLand

      Versatile property suitable for restaurant, retail, or office uses.
      410 W Beresford Ave, Deland, FL 32720
      View Details
    • $159,000

      Profitable Franchise in DeLand, FL

      Established Jeremiah’s Italian Ice franchise in high-traffic DeLand location.
      2369 S Woodland Blvd, Deland, FL 32720
      View Details
    • New
      $539,000
      5,033 SF

      Historic Mixed-Use Property in DeLand

      Historic mixed-use property with C-2 zoning in downtown DeLand.
      228 W Howry Ave, Deland, FL 32720
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,670 SF

      Restaurant Opportunity on Woodland Boulevard

      Second-generation restaurant space with ample parking and high visibility.
      1206 North Woodland Blvd, Deland, FL 32720
      View Details
    • $15,000 /Mo
      9,216 SF

      DeLand Retail Space For Rent

      Retail space available for lease in DeLand, Florida.
      323 N Delaware Ave, Deland, FL 32720
      View Details
    • Contact for pricing
      2,682 SF

      Regional Shopping Center Retail Space

      Retail space in multi-anchored regional shopping center for lease.
      2641-2487 S Woodland Blvd, Deland, FL 32720
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1601 Woodland Blvd
    Deland, FL 32720-1803
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1601 Woodland Blvd, Deland, FL, 32720
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!