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

    2808 Enterprise Rd Debary, FL 32713-2753

    • Medical offices
    • 12,120 SF
    • 1.42 lot acres
    OFF-MARKET
    Last Sale
    Aug 14, 2024
    $2,250,000
    Value Estimations
    $2,300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0838262
    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

    • Medical offices

    Property Details for 2808 Enterprise Rd

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.42 lot acres
    Property size
    12,120 SF
    Zone code
    C2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    8026-00-00-0181
    APU
    802600000181

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,940,000
      6.5%
      $2,715,000
      7%
      $2,520,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,996,000
      Market price range: $1.36M - $3.43M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,255,000
      Current use
      AUTO REPAIR, GARAGE
      $3,010,000
      Change: +34% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,515,000
      Change: +11% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,505,000
      Change: +11% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,170,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $2,140,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Debary
    County
    Volusia
    State
    Florida
    Longitude
    -81.2882
    Latitude
    28.9028
    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
    $23,232
    $409,283
    $723,406
    $1,132,689
    -
    $409,283
    $723,406
    $1,132,689

    Comparable in this City

    • Value Estimation
      $4,095,000
      22,629 SF

      110 Pond Ct Ste, Unit 101

      MEDICAL BUILDING • 22,629 SF
      110 Pond Ct Ste, Debary, FL 32713-2717
      View Details
    • Value Estimation by Request
      1,802 SF

      2836 Enterprise Rd Ste, Unit 4

      MEDICAL BUILDING • 1,802 SF
      2836 Enterprise Rd Ste, Debary, FL 32713-5210
      View Details
    • Value Estimation by Request
      2,001 SF

      2836 Enterprise Rd Ste, Unit 1

      MEDICAL BUILDING • 2,001 SF
      2836 Enterprise Rd Ste, Debary, FL 32713-5210
      View Details
    • Value Estimation
      $715,000
      4,972 SF

      189 Charles Richard Beall Blvd, Unit 1

      MEDICAL BUILDING • 4,972 SF
      189 Charles Richard Beall Blvd, Debary, FL 32713-1832
      View Details
    • Value Estimation by Request
      1,215 SF

      75 Fox Rdg Ct, Unit 40

      MEDICAL BUILDING • 1,215 SF
      75 Fox Rdg Ct, Debary, FL 32713-2701
      View Details
    • Value Estimation by Request
      2,640 SF

      50 Spg Vis Dr

      MEDICAL BUILDING • 2,640 SF
      50 Spg Vis Dr, Debary, FL 32713-1809
      View Details

    Similar Nearby for Sale

    • $650,000
      3,000 SF

      DeBary Medical Office Building

      Class A, Vacant, 3,000 SF
      66 Spring Vista Dr, DeBary, FL 32713
      View Details
    • $650,000
      3,000 SF

      DeBary Medical Office Building

      Class A, Vacant, 3,000 SF
      72 Spring Vista Dr, DeBary, FL 32713
      View Details
    • $185,000
      1,215 SF

      Debary Office Building: Prime Investment

      Fully Leased, High-Traffic Location
      75 Fox Ridge Ct, Debary, FL 32713
      View Details
    • $99,999

      DeBary Commercial Land - $99K

      Prime DeBary lot, 55,756 sq ft, I-4 access.
      180 Mill Grant Rd, DeBary, FL 32713
      View Details
    • $99,999

      DeBary Commercial Land - $99K

      Prime DeBary commercial lot, 59,677 sq ft.
      170 Mill Grant Rd, DeBary, FL 32713
      View Details
    • $999,999

      DeBary Mixed-Use Investment Opportunity

      Mixed-use property with commercial building near future transit-oriented development.
      124 S Charles Richard Beall Blvd, Debary, FL 32713
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      3,000 SF

      Debary Medical Office Space For Lease

      New Medical Office Building - Grey Shell, TI Available
      72 Spring Vista Dr, DeBary, FL 32713
      View Details
    • $20 SF/Yr
      27,963 SF

      Parkview Town Center Office Suites

      DeBary, FL Executive Office Space Available
      275 Charles Richard Beall Blvd, DeBary, FL 32713
      View Details
    • $20 SF/Yr
      1,200 SF

      DeBary Office Space For Rent

      Office space for rent in DeBary, Florida.
      909 S Charles Richard Beall Blvd, Debary, FL 32713
      View Details
    • Contact for pricing
      11,250 SF

      Retail and Office Space Available

      Retail and office spaces for lease in DeBary, Florida.
      4 Sanford Ave, Debary, FL 32713
      View Details
    • $900 /Mo
      2,205 SF

      Debary Shared Office for Lease

      Debary Shared Office for Lease
      280 Dirksen Drive, Debary, FL 32713
      View Details
    • $21 SF/Yr
      2,205 SF

      DeBary Office Space for Lease

      Prime DeBary office suites, flexible sizes.
      280 Dirksen Dr, DeBary, FL 32713
      View Details
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    2808 Enterprise Rd
    Debary, FL 32713-2753
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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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