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

    3605 Aquamarine Dr Deland, FL 32724

    • Commercial real estate
    For Sale
    View listing
    $120,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0803738
    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 3605 Aquamarine Dr

    Property type
    Commercial real estate

    Description

    This exceptional 8,250.26 square foot lot, located at 3605 Aquamarine Drive in DeLand, Florida (zip code 32724), presents a unique opportunity to build a dream home in the prestigious Lakes of DeLand community. Priced at $125,000, this property boasts breathtaking, panoramic views of serene Lake Mamie. Its prime location directly across from Bent Tree Park offers easy access to recreational activities and lush greenery. The lot is nestled within a community known for its upscale ambiance, meticulously maintained surroundings, and refined elegance. Imagine waking up to stunning sunrises over the lake, surrounded by towering majestic oak trees, providing both privacy and a touch of natural grandeur. This is more than just a lot; it's a chance to create a luxurious residence in a location that seamlessly blends natural beauty with the historic charm of DeLand, Florida. The property is zoned for both commercial and residential use, offering flexibility for future development. Don't miss this chance to own a piece of this exclusive community. The property's coordinates are 29.094115 latitude and -81.3018699 longitude.

    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
    -81.3018699
    Latitude
    29.094115

    Comparable in this City

    • Contact for pricing

      DeLand Land: Prime Investment Opportunity

      0.26-acre lot, great investment potential.
      0 10Th Ave, DeLand, FL 32724
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    • $7,400,000
      24.00 Acres

      Oaks Landing: Prime DeLand Development

      24-Acre Multifamily/Commercial Land in DeLand, FL
      0 Oaks Lndg, DeLand, FL 32724
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      Prime DeLand Land - $17,500

      Residential/Commercial Lot, 9,583 sq ft
      00 12Th Ave, DeLand, FL 32724
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    • $250,000

      DeLand Waterfront Lot - $250K

      Luxury Lakefront Land, 8250 sq ft
      3614 Aquamarine Dr, DeLand, FL 32724
      View Details
    • $49,999
      2.50 Acres

      DeLand Industrial Land - $50K

      2.5-acre lot near I-4 & SR44
      0 Tech Park Way, DeLand, FL 32724
      View Details
    • $4,000,000
      45.00 Acres

      Deland Gateway: 45 Acres

      Prime DeLand mixed-use land
      2575 Old Daytona Rd, DeLand, FL 32724
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      DeLand Land: Prime Investment Opportunity

      0.26-acre lot, great investment potential.
      0 10Th Ave, DeLand, FL 32724
      View Details
    • $7,400,000
      24.00 Acres

      Oaks Landing: Prime DeLand Development

      24-Acre Multifamily/Commercial Land in DeLand, FL
      0 Oaks Lndg, DeLand, FL 32724
      View Details
    • Contact for pricing

      Prime DeLand Land - $17,500

      Residential/Commercial Lot, 9,583 sq ft
      00 12Th Ave, DeLand, FL 32724
      View Details
    • $250,000

      DeLand Waterfront Lot - $250K

      Luxury Lakefront Land, 8250 sq ft
      3614 Aquamarine Dr, DeLand, FL 32724
      View Details
    • $49,999
      2.50 Acres

      DeLand Industrial Land - $50K

      2.5-acre lot near I-4 & SR44
      0 Tech Park Way, DeLand, FL 32724
      View Details
    • $4,000,000
      45.00 Acres

      Deland Gateway: 45 Acres

      Prime DeLand mixed-use land
      2575 Old Daytona Rd, 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
      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
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    • Contact for pricing
      8,432 SF

      DeLand Office Building - 8,432 SF

      Prime DeLand office space, 4,200 SF available.
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    • $58,800

      Industrial Property with Large Lot

      Commercial property for rent with a large lot.
      510 Old Daytona Rd, Deland, FL 32724
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    • 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
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    • $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
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    3605 Aquamarine Dr
    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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