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

    340 Pine Meadow Dr DeBary, FL 32713

    • Commercial real estate
    • 5.59 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0497440
    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 340 Pine Meadow Dr

    Lot size
    5.59 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5.59-acre parcel in DeBary, Florida, is platted and approved for the construction of 20 luxury townhomes. Located in the highly desirable Glen Abbey community, this infill site offers a rare opportunity to develop in a coveted area. The property features a wooded cul-de-sac setting with convenient access from North Pine Meadow Drive, directly adjacent to the entrance of Glen Abbey. Utilities are readily available at the street. The approved site plan includes five buildings, each designed to accommodate four townhomes. This prime location boasts excellent demographics, with highly-rated DeBary Elementary and University High Schools nearby. Residents will enjoy proximity to Gemini Springs park and bike trail, as well as easy access to I-4 (less than three miles away), providing convenient commutes to Orlando. The property's strategic placement near the "Shoppes at Pine Meadow," anchored by a Walmart Neighborhood Market, ensures a vibrant and convenient lifestyle for future residents. The surrounding area is characterized by dense residential communities and retail stores, creating a strong market for this type of development. Detailed surveys and plans are available upon request. This is a fee-simple ownership opportunity, priced at $1,995,000.

    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
    DeBary
    County
    Volusia
    State
    Florida
    Longitude
    -81.302721461757
    Latitude
    28.897075959227

    Comparable in this City

    • $38,900

      DeBary Vacant Lot Opportunity

      Spacious vacant lot in established neighborhood, convenient location.
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    • $85,000
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      DeBary Half-Acre Wooded Homesite

      Wooded homesite near St. Johns River with city utilities.
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    • $99,999

      DeBary Commercial Land - $99K

      Prime DeBary lot, 55,756 sq ft, I-4 access.
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    • $39,900

      Vacant Lot in Quiet Neighborhood

      Spacious vacant lot in DeBary, no HOA, convenient location.
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    • $449,900
      5.00 Acres

      DeBary Residential Land Opportunity

      5 acres of improved A-2 zoned land near St. Johns River.
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    • $99,999

      DeBary Commercial Land - $99K

      Acre+ Commercial Lot, I-4 Access
      160 Mill Grant Rd, DeBary, FL 32713
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    Similar Nearby for Sale

    • $38,900

      DeBary Vacant Lot Opportunity

      Spacious vacant lot in established neighborhood, convenient location.
      268 Toms Rd, Debary, FL 32713
      View Details
    • $85,000
      Pending

      DeBary Half-Acre Wooded Homesite

      Wooded homesite near St. Johns River with city utilities.
      402 Fort Florida Rd, 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
    • $39,900

      Vacant Lot in Quiet Neighborhood

      Spacious vacant lot in DeBary, no HOA, convenient location.
      270 Toms Rd, Debary, FL 32713
      View Details
    • $449,900
      5.00 Acres

      DeBary Residential Land Opportunity

      5 acres of improved A-2 zoned land near St. Johns River.
      786 Fort Florida Rd, Debary, FL 32713
      View Details
    • $99,999

      DeBary Commercial Land - $99K

      Acre+ Commercial Lot, I-4 Access
      160 Mill Grant Rd, DeBary, FL 32713
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
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      DeBary Office Space for Lease

      Prime DeBary office suites, flexible sizes.
      280 Dirksen Dr, DeBary, FL 32713
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    • Contact for pricing
      42,000 SF

      Shops At Pine Meadow: Prime Retail

      Walmart-anchored shopping center; one outparcel available.
      185 Charles Richard Beall Blvd, DeBary, FL 32713
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    • $20 SF/Yr
      27,963 SF

      Parkview Town Center Office Suites

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    • $26 SF/Yr
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      Debary Medical Office Space For Lease

      New Medical Office Building - Grey Shell, TI Available
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    • $32,000
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      DeBary Industrial Facility For Lease

      23,900 SF industrial facility with ample outdoor storage.
      907 South Charles Richard Beall Blvd, Debary, FL 32713
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    • 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
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    340 Pine Meadow Dr
    DeBary, FL 32713
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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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