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

    596 Courtland Blvd Deltona, FL 32738-8902

    • Medical offices
    • 6,208 SF
    • 1.64 lot acres
    OFF-MARKET
    Last Sale
    Dec 01, 2022
    $2,018,000
    Value Estimations
    $1,710,000
    Show details
    Cap Rate Potential
    5%
    Medical offices
    Location Intelligence
    Property ID
    US18-5149202
    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

    • First Choice Pediatrics Deltona / Pediatrician
    • Dr. Rachel Singer / Pediatrician / Practitioner Service Location
    • Ruben Guadalupe Aponte / Pediatrician / Practitioner Service Location
    • Mariella Cabrera Quijada / Pediatrician / Practitioner Service Location
    • Euripides Roques / Pediatrician

    Property Details for 596 Courtland Blvd

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.64 lot acres
    Property size
    6,208 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    8136-04-00-0020
    APU
    813604000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,795,000
      ML approach
      $1,645,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,505,000
      6.5%
      $1,390,000
      7%
      $1,290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,381,000
      Market price range: $695k - $1.76M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,155,000
      Current use
      RESTAURANT
      $2,215,000
      Change: +92% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,540,000
      Change: +34% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,285,000
      Change: +11% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,215,000
      Change: +5% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,110,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $1,095,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Deltona
    County
    Volusia
    State
    Florida
    Longitude
    -81.1794
    Latitude
    28.8789
    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
    $23,156
    $392,909
    $727,372
    $1,120,281
    -
    $392,909
    $727,372
    $1,120,281

    Comparable in this City

    • Value Estimation by Request
      14,112 SF

      2992 Day Rd

      HOMES (RETIRED, NURSING) • 14,112 SF
      2992 Day Rd, Deltona, FL 32738-3456
      View Details
    • Value Estimation by Request

      0000 Doyle Rd

      Multifamily properties
      0000 Doyle Rd, Deltona, FL 32738
      View Details
    • Value Estimation by Request
      5,300 SF

      2860 Elkcam Blvd

      Restaurants • 5,300 SF
      2860 Elkcam Blvd, Deltona, FL 32738
      View Details
    • Value Estimation by Request
      0.18 Acres

      679 Howland Blvd

      VACANT COMMERCIAL LAND • 0.18 Acres
      679 Howland Blvd, Deltona, FL 32738
      View Details
    • Value Estimation by Request
      0.18 Acres

      695 Howland Blvd

      VACANT COMMERCIAL LAND • 0.18 Acres
      695 Howland Blvd, Deltona, FL 32738
      View Details
    • Value Estimation by Request
      0.17 Acres

      3054 Lk Helen Osteen Rd

      VACANT COMMERCIAL LAND • 0.17 Acres
      3054 Lk Helen Osteen Rd, Deltona, FL 32738-1005
      View Details

    Similar Nearby for Sale

    • $95,000

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      .72-acre lot, high visibility, $95,000
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    • $999,000

      Prime Deltona Development Land

      5 Acres, Multi-Use Potential, $999,000
      0000 Doyle Rd, Deltona, FL 32738
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    • $460,000
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      Prime Deltona Commercial Land

      1.85-Acre C-1 Zoned Lot, $460,000
      3180 Lake Helen Osteen Rd, Deltona, FL 32738
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    • $999,999
      5.00 Acres

      Prime Deltona Commercial Land

      5 Acres, RRE Zoning, High Traffic
      0 Doyle Rd, Deltona, FL 32738
      View Details
    • $1,250,000
      17.93 Acres

      Deltona, FL: 17+ Acres Development Land

      Prime 17.93-acre commercial lot, ideal for residential development.
      0 Lake Helen Osteen Rd, Deltona, FL 32738
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    • $199,000
      0.42 Acres

      Prime Deltona Commercial Lot

      High-traffic corner lot, C-2 zoning.
      3710 Sandlor Dr, Deltona, FL 32738
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    Similar Nearby for Lease

    • $6,000 /Mo
      4,920 SF

      Retail/Warehouse Opportunity in Deltona

      5,520 SF commercial building ideal for retail or warehouse.
      271 Fort Smith Blvd, Deltona, FL 32738
      View Details
    • $12 SF/Yr
      1,050 SF

      Retail Space in Deltona Center

      Retail space available in a busy Deltona shopping center.
      2170 Howland Blvd, Deltona, FL 32738
      View Details
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    Deltona, FL 32738-8902
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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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