Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1635 Garfield Ave Deland, FL 32724-1903

    • Retail properties
    • 2,202 SF
    • 0.92 lot acres
    OFF-MARKET
    Last Sale
    May 18, 2022
    $345,000
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0094145
    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

    • DELAND AUTO GROUP INC. / Auto Repair Shop
    • B & B Outdoor Services, LLC / Excavating Contractor / Fence Contractor
    • McMaster Lawn & Pest Services / Lawn Care Service / Lawn Sprinkler System Contractor

    Property Details for 1635 Garfield Ave

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.92 lot acres
    Property size
    2,202 SF
    Zone code
    B5
    Property type
    Retail properties
    APN
    7004-03-00-0200
    APU
    700403000200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $290,000
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $220,000
      Market price range: $137k - $384k
      AI Estimate
      $210,000
      Market price range: $117k - $336k

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $265,000
      Current use
      MEDICAL BUILDING
      $410,000
      Change: +53% Conversion: Difficult
      WAREHOUSE, STORAGE
      $410,000
      Change: +52% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $395,000
      Change: +47% Conversion: Difficult
      RETAIL STORES
      $380,000
      Change: +42% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $345,000
      Change: +29% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.2957
    Latitude
    29.0571
    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
    $2,604
    $72,000
    $66,843
    $138,843
    -
    $72,000
    $66,843
    $138,843

    Comparable in this City

    • Value Estimation by Request
      14,020 SF

      111 Victoria Commons Blvd

      Retail properties • 14,020 SF
      111 Victoria Commons Blvd, DeLand, FL 32724
      View Details
    • Value Estimation
      $475,000
      2,904 SF

      360 Garfield Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,904 SF
      360 Garfield Ave, Deland, FL 32724
      View Details
    • Value Estimation
      $420,000
      1,823 SF

      1015 Country Clb Park

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,823 SF
      1015 Country Clb Park, Deland, FL 32724-8034
      View Details
    • Value Estimation
      $205,000
      1,570 SF

      1717 Kepler Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,570 SF
      1717 Kepler Rd, Deland, FL 32724-8744
      View Details
    • Value Estimation
      $235,000
      1,518 SF

      231 Rich Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,518 SF
      231 Rich Ave, Deland, FL 32724-4357
      View Details
    • Value Estimation
      $285,000
      1,960 SF

      313 Voorhis Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,960 SF
      313 Voorhis Ave, Deland, FL 32724-5941
      View Details

    Similar Nearby for Sale

    • $925,000
      1,508 SF

      DeLand Restaurant - Prime Location

      Historic Charm, Modern Potential, Drive-Thru
      197 Church St, DeLand, FL 32724
      View Details
    • $399,000
      Pending

      DeLand Commercial Redevelopment Opportunity

      Commercial property with redevelopment potential in a prime DeLand location.
      1747 N Woodland Blvd, Deland, FL 32724
      View Details
    • $399,000
      2,454 SF

      DeLand Mixed-Use Live/Work Property

      Mixed-use property with residential and commercial workshop in DeLand, FL.
      1430 E New York Ave, Deland, FL 32724
      View Details
    • $600,000

      DeLand Commercial Building For Sale

      Over 5,000 SF commercial building near downtown DeLand.
      247 S Amelia Ave, Deland, FL 32724
      View Details
    • $749,000

      Mixed-Use Property in Historic DeLand

      Fully occupied mixed-use property with storefronts and apartments in downtown DeLand.
      114 E Rich Ave, Deland, FL 32724
      View Details
    • $375,000

      Renovated Commercial Building Near Downtown

      Versatile, renovated commercial building with loft storage near downtown DeLand.
      237 E Plymouth Ave, Deland, FL 32724
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,020 SF

      Victoria Park Retail Space For Lease

      Prime Deland Retail, 750-1500 SF Available
      111 Victoria Commons Blvd, DeLand, FL 32724
      View Details
    • Contact for pricing

      Retail Space in Grocery-Anchored Center

      Retail and restaurant spaces available in DeLand, Florida.
      E New York Ave, Deland, FL 32724
      View Details
    • Contact for pricing

      Retail Space in Grocery-Anchored Center

      Retail and restaurant spaces available for lease in DeLand, Florida.
      E New York Ave, Deland, FL 32724
      View Details
    • Contact for pricing
      88,343 SF

      DeLand Plaza Retail Center

      Prime Retail Space Available in DeLand, FL
      328 New York Ave, DeLand, FL 32724
      View Details
    • $27 SF/Yr
      6,262 SF

      Renovated Mixed-Use Building in Deland

      Newly improved 6,262 SF mixed-use building for lease or sale.
      191 Endicott Way, Deland, FL 32724
      View Details
    • Contact for pricing
      17,600 SF

      Retail Space in Grocery-Anchored Center

      Retail and restaurant spaces available in DeLand, Florida.
      2001 E New York Ave, Deland, FL 32724
      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.
    1635 Garfield Ave
    Deland, FL 32724-1903
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.