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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1870 Old Daytona Rd DeLand, FL 32724

    • Commercial real estate
    • 0.65 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4858118
    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

    • Commercial real estate

    Property Details for 1870 Old Daytona Rd

    Lot size
    0.65 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.65-acre vacant land parcel presents a remarkable opportunity for development in the desirable DeLand, Florida area. Located at 1870 Old Daytona Road, this property boasts an advantageous R-4 zoning designation, opening doors to a variety of potential uses. The expansive lot provides ample space for various projects, making it an ideal canvas for creative vision. Situated in Volusia County, Florida, with a zip code of 32724, this location offers convenient access to local amenities and infrastructure. The property's coordinates are 29.070451 latitude and -81.260114 longitude. Priced affordably at $20,000, this land represents a compelling investment prospect for those seeking a strategic foothold in a thriving Florida market. The R-4 zoning allows for a range of residential development options, making it suitable for both individual builders and larger-scale projects. Don't miss this chance to acquire a versatile and well-positioned piece of land in a rapidly growing community. Serious inquiries are encouraged to explore the full potential of this exceptional offering. Act quickly, as opportunities like this are rare.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    DeLand
    County
    Volusia
    State
    Florida
    Longitude
    -81.260114
    Latitude
    29.070451

    Comparable in this City

    • $4,000,000
      45.00 Acres

      Deland Gateway: 45 Acres

      Prime DeLand mixed-use land
      2575 Old Daytona Rd, DeLand, FL 32724
      View Details
    • $350,000

      Hwy 92 Commercial Land, DeLand, FL

      Prime DeLand commercial land, Hwy 92 frontage.
      0000 At Big John Rd, DeLand, FL 32724
      View Details
    • $850,000
      0.85 Acres

      DeLand Commercial Land: Prime Outparcel

      High-traffic, Pad-Ready Outparcel near Publix.
      128 Fenway Dr, DeLand, FL 32724
      View Details
    • Contact for pricing
      0.26 Acres

      DeLand Land Parcel For Sale

      0.26 acre lot near Daytona Beach and Orlando.
      12TH Ave, Deland, FL 32724
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    • $80,000

      DeLand Buildable Parcel Opportunity

      0.44 acre building lot in a fantastic DeLand location.
      195 Lake Molly Ave, Deland, FL 32724
      View Details
    • $80,000
      0.26 Acres

      Residential Land in Daytona Park

      Residential lot with quick access to Daytona Beach.
      9Th Ave, Deland, FL 32724
      View Details

    Similar Nearby for Sale

    • $4,000,000
      45.00 Acres

      Deland Gateway: 45 Acres

      Prime DeLand mixed-use land
      2575 Old Daytona Rd, DeLand, FL 32724
      View Details
    • $350,000

      Hwy 92 Commercial Land, DeLand, FL

      Prime DeLand commercial land, Hwy 92 frontage.
      0000 At Big John Rd, DeLand, FL 32724
      View Details
    • $850,000
      0.85 Acres

      DeLand Commercial Land: Prime Outparcel

      High-traffic, Pad-Ready Outparcel near Publix.
      128 Fenway Dr, DeLand, FL 32724
      View Details
    • Contact for pricing
      0.26 Acres

      DeLand Land Parcel For Sale

      0.26 acre lot near Daytona Beach and Orlando.
      12TH Ave, Deland, FL 32724
      View Details
    • $80,000

      DeLand Buildable Parcel Opportunity

      0.44 acre building lot in a fantastic DeLand location.
      195 Lake Molly Ave, Deland, FL 32724
      View Details
    • $80,000
      0.26 Acres

      Residential Land in Daytona Park

      Residential lot with quick access to Daytona Beach.
      9Th Ave, Deland, FL 32724
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land in Growing Corridor

      2.06± acre corner lot in active DeLand corridor.
      1444 N Mcdonald Ave, Deland, FL 32724
      View Details
    • $22 SF/Yr
      37,250 SF

      New York Ave Executive Suites

      Historic DeLand Office Space Available
      100 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
    • Contact for pricing
      1,200 SF

      Retail and Office Space Available

      Office and retail spaces for lease in Deland, Florida.
      1431 Orange Camp Rd, Deland, FL 32724
      View Details
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    1870 Old Daytona Rd
    DeLand, FL 32724
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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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