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    2880 Howland Blvd Deltona, FL 32725
    Property profile & analytics

    2880 Howland Blvd Deltona, FL 32725

    View on Map
    • Grocery and convenience stores
    • 49,329 SF
    • 6.18 lot acres
    For Lease
    $6,575,000
    View Listing →
    Retail Space Available Immediately For Lease
    $6,575,000
    25,756 SF

    Retail Space Available Immediately

    25,756 SF retail space with high visibility and accessibility.

    2880 Howland Blvd, Deltona, FL
    View Listing
    Property ID
    US18-2937523
    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
    $6,575,000
    Cap Rate Potential
    6.9%
    Grocery and convenience stores
    Location Intelligence

    Current Use by Public Records

    • Winn-Dixie / Grocery & Convenience Store / Food Market
    • June A. Hopp, PharmD / Pharmacy
    • Cardtronics ATM / Atm
    • Kathleen M. Burns, RPH / Pharmacy
    • Guilliano Fortune, PharmD / Pharmacy

    Property Details for 2880 Howland Blvd

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.18 lot acres
    Property size
    49,329 SF
    Zone code
    B
    Property type
    Grocery and convenience stores
    APN
    8130-39-00-0040
    APU
    813039000040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,770,000
      ML approach
      $6,625,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,745,000
      6.5%
      $7,150,000
      7%
      $6,635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,284,000
      Market price range: $1.48M - $7.98M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $8,700,000
      Current use
      WAREHOUSE, STORAGE
      $10,230,000
      Change: +18% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $9,645,000
      Change: +11% Conversion: Easy
      MEDICAL BUILDING
      $9,175,000
      Change: +5% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $8,830,000
      Change: +2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Deltona
    County
    Volusia
    State
    Florida
    Longitude
    -81.2249
    Latitude
    28.9447
    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
    $119,762
    $2,219,861
    $3,514,855
    $5,734,716
    -
    $2,219,861
    $3,514,855
    $5,734,716

    Comparable in this City

    • Value Estimation
      $830,000
      6,100 SF

      2001 Saxon Blvd

      CONVENIENCE STORE • 6,100 SF
      2001 Saxon Blvd, Deltona, FL 32725-4534
      View Details
    • Value Estimation by Request
      2,748 SF

      1712 Doyle Rd

      CONVENIENCE STORE • 2,748 SF
      1712 Doyle Rd, Deltona, FL 32725-8547
      View Details
    • Value Estimation
      $635,000
      2,800 SF

      2885 Howland Blvd

      CONVENIENCE STORE • 2,800 SF
      2885 Howland Blvd, Deltona, FL 32725-9620
      View Details
    • Value Estimation
      $670,000
      4,800 SF

      1251 1001st Providence Blvd

      CONVENIENCE STORE • 4,800 SF
      1251 1001st Providence Blvd, Deltona, FL 32725-7399
      View Details
    • Value Estimation by Request
      1,260 SF

      2123 Saxon Blvd

      CONVENIENCE STORE • 1,260 SF
      2123 Saxon Blvd, Deltona, FL 32725-3224
      View Details
    • Value Estimation
      $7,490,000
      54,949 SF

      2100 Saxon Blvd

      GROCERY, SUPERMARKET • 54,949 SF
      2100 Saxon Blvd, Deltona, FL 32725-3251
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,026 SF

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      Corporate guaranteed NNN lease Dollar General in Deltona, Florida.
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      View Details
    • $950,000
      4,460 SF

      Commercial Plaza on Howland Boulevard

      Commercial plaza with high tenant occupancy and redevelopment potential.
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    • Contact for pricing

      Mixed-Use Development Land in Deltona

      150-acre mixed-use property with entitlements for commercial development.
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      View Details
    • $399,000

      Commercial Building Near I-4 Interchange

      1,920 SF commercial building suitable for retail, office, healthcare.
      849 Deltona Blvd, Deltona, FL 32725
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    Similar Nearby for Lease

    • Contact for pricing
      25,756 SF

      Retail Space Available Immediately

      25,756 SF retail space with high visibility and accessibility.
      2880 Howland Blvd, Deltona, FL 32725
      View Details
    • Contact for pricing

      Functional Suites in High-Growth Corridor

      Suites suitable for medical, office, retail, fitness, or food users.
      840 Deltona Blvd, Deltona, FL 32725
      View Details
    • $60,000
      10 SF

      Deltona Plaza: Prime Outparcel Land

      Pad-ready land, ideal for fast food.
      1200 Deltona Blvd, Deltona, FL 32725
      View Details
    • Contact for pricing

      Retail Site For Lease

      2.51+/- acre retail site with great exposure.
      1669 Farley Ct, Deltona, FL 32725
      View Details
    • Contact for pricing

      Deltona Flex Office Spaces Available

      Executive, virtual, and flex office spaces for rent.
      1260 E Normandy Blvd, Deltona, FL 32725
      View Details
    View Listing
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    Deltona, FL 32725
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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.

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