Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    355 Damascus Rd Deland, FL 32724-6438
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    355 Damascus Rd Deland, FL 32724-6438

    View on Map
    • Warehouses
    • 5,850 SF
    • 203.17 lot acres
    Off-Market
    Property ID
    US19-0648037
    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
    $1,040,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 355 Damascus Rd

    Year built
    2010
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    203.17 lot acres
    Property size
    5,850 SF
    Property type
    Warehouses
    APN
    7114-00-00-0160
    APU
    711400000160

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $785,000
      6.5%
      $725,000
      7%
      $670,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,445,000
      Market price range: $255k - $1.45M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,085,000
      Current use
      AUTO REPAIR, GARAGE
      $1,455,000
      Change: +34% Conversion: Easy
      RESTAURANT
      $1,395,000
      Change: +29% Conversion: Difficult
      MEDICAL BUILDING
      $1,090,000
      Change: +0% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,045,000
      Change: -3% Conversion: Moderate
      RETAIL STORES
      $1,010,000
      Change: -7% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $915,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.1605
    Latitude
    29.0036
    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
    $13,392
    $632,460
    $269,088
    $901,548
    -
    $632,460
    $269,088
    $901,548

    Comparable in this City

    • Value Estimation by Request
      1,192 SF

      3050 New York Ave

      WAREHOUSE, STORAGE • 1,192 SF
      3050 New York Ave, Deland, FL 32724-6408
      View Details
    • Value Estimation by Request
      1,080 SF

      1220 Biscayne Blvd, Unit B

      WAREHOUSE, STORAGE • 1,080 SF
      1220 Biscayne Blvd, Deland, FL 32724-2103
      View Details
    • Value Estimation
      $2,500,000
      9,000 SF

      1355 Saratoga St

      WAREHOUSE, STORAGE • 9,000 SF
      1355 Saratoga St, Deland, FL 32724-2125
      View Details
    • Value Estimation by Request
      4,768 SF

      702 New York Ave

      WAREHOUSE, STORAGE • 4,768 SF
      702 New York Ave, Deland, FL 32724-5624
      View Details
    • Value Estimation
      $1,020,000
      6,335 SF

      1410 International Speedway Blvd

      WAREHOUSE, STORAGE • 6,335 SF
      1410 International Speedway Blvd, Deland, FL 32724-2608
      View Details
    • Value Estimation
      $520,000
      5,740 SF

      1640 Newport Ave

      WAREHOUSE, STORAGE • 5,740 SF
      1640 Newport Ave, Deland, FL 32724-1910
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Building with Caretaker Apartment

      Industrial space with apartment near Deland Airport for sale.
      1307 Saratoga St, Deland, FL 32724
      View Details
    • $375,000
      Pending

      Established Tire Shop in Deland

      Successful tire shop with additional storefront and outside storage.
      1300 E New York Ave, Deland, FL 32724
      View Details
    • $2,250,000

      Freestanding Warehouse with Office Space

      Warehouse with showroom/office space on International Speedway Blvd.
      1315 E International Speedway Blvd, Deland, FL 32724
      View Details
    • $795,900
      9.80 Acres

      9.8-Acre Retreat with Steel Building

      9.8-acre property with steel building, living quarters, and more.
      4155 Marsh Rd, Deland, FL 32724
      View Details
    • $375,000

      Industrial Warehouse Condo with Office

      1,960 SF industrial condo with office in DeLand, Florida.
      1220 Biscayne Blvd, Deland, FL 32724
      View Details
    • $399,800

      Versatile Commercial Building Near Downtown

      Commercial building with storage, office space, and multiple restrooms.
      106 E Beresford Ave, Deland, FL 32724
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property for Lease

      Industrial property available for lease in DeLand, Florida.
      32724 Usa, Deland, FL 32724
      View Details
    • Sponsored
      New
      Contact for pricing

      FL, DeLand - Industrial Dr

      Flexible workspace in AZ, Sun City - West Palmeras Dr
      1991 Industrial Dr, Deland, FL 32724
      View Details
    • Contact for pricing
      8,432 SF

      DeLand Office Building For Rent

      Two-story office building near historic downtown DeLand.
      124 S Amelia Ave, Deland, FL 32724
      View Details
    • $22 SF/Yr
      1,129 SF

      Spacious Office Building in Deland

      14,719 SF building with 8 units in prime Deland.
      145 E Rich Ave, Deland, FL 32724
      View Details
    • Contact for pricing
      2,438 SF

      Retail Space in Deland, Florida

      Retail space available for lease in Deland, Florida.
      351 East 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.
    355 Damascus Rd
    Deland, FL 32724-6438
    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.
    Sign Up Successful!
    You now have access to more from Realmo!