Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    805 Spg Gdn Ave Deland, FL 32720-3144

    • Medical offices
    • 4,462 SF
    • 2.51 lot acres
    OFF-MARKET
    Last Sale
    Oct 22, 2024
    Value Estimations
    $790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8495312
    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

    • Mid Florida Cancer Centers / Cancer Treatment Center / Hematologist
    • Giselle Mery / Hematologist / Internist
    • Rene Cabeza / Internist / Practitioner Service Location
    • Roderick Paras / Oncologist
    • Bhanu Visvalingam / Oncologist

    Property Details for 805 Spg Gdn Ave

    Year built
    2017
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.51 lot acres
    Property size
    4,462 SF
    Zone code
    C-2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    7008-00-00-0020
    APU
    700800000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,080,000
      6.5%
      $1,000,000
      7%
      $925,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $631,000
      Market price range: $270k - $631k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $830,000
      Current use
      AUTO REPAIR, GARAGE
      $1,110,000
      Change: +34% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $875,000
      Change: +5% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $800,000
      Change: -4% Conversion: Difficult
      WAREHOUSE, STORAGE
      $800,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.3234
    Latitude
    29.041
    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
    $17,684
    $216,537
    $729,626
    $946,163
    -
    $216,537
    $729,626
    $946,163

    Comparable in this City

    • Value Estimation
      $925,000
      5,841 SF

      630 Plymouth Ave

      MEDICAL BUILDING • 5,841 SF
      630 Plymouth Ave, Deland, FL 32720-3260
      View Details
    • Value Estimation
      $940,000
      5,250 SF

      2293 Woodland Blvd

      MEDICAL BUILDING • 5,250 SF
      2293 Woodland Blvd, Deland, FL 32720-8633
      View Details
    • Value Estimation by Request
      2,144 SF

      150 Mcgregor Rd

      MEDICAL BUILDING • 2,144 SF
      150 Mcgregor Rd, Deland, FL 32720-8644
      View Details
    • Value Estimation
      $765,000
      1,920 SF

      744 Plymouth Ave

      MEDICAL BUILDING • 1,920 SF
      744 Plymouth Ave, Deland, FL 32720-3282
      View Details
    • Value Estimation
      $725,000
      2,811 SF

      742 Plymouth Ave

      MEDICAL BUILDING • 2,811 SF
      742 Plymouth Ave, Deland, FL 32720-3282
      View Details
    • Value Estimation by Request
      1,330 SF

      858 Plymouth Ave

      MEDICAL BUILDING • 1,330 SF
      858 Plymouth Ave, Deland, FL 32720-3284
      View Details

    Similar Nearby for Sale

    • $4,931,550
      1,200 SF

      Prime DeLand Office Building

      Modern Office Space, 12 Units Available
      425 Woodland Blvd, DeLand, FL 32720
      View Details
    • $637,200
      4,248 SF

      Stand Alone Building in Deland

      4,248 SF building with C-2 zoning in Deland, FL.
      105 W Calvin St, Deland, FL 32720
      View Details
    • $595,000
      5,033 SF

      Historic Mixed-Use Property in DeLand

      Historic mixed-use property with C-1 zoning in downtown DeLand.
      228 W Howry Ave, Deland, FL 32720
      View Details
    • $1,900,000

      Outparcel For Sale Near Walmart

      2.75 AC outparcel with high visibility and traffic.
      1702 N Woodland Blvd, Deland, FL 32720
      View Details
    • $95,000
      0.13 Acres

      Prime Professional Lot Near Hospital

      Highly visible lot ideal for professional or medical offices.
      W Plymouth Ave, Deland, FL 32720
      View Details
    • $375,000
      1,336 SF

      Prime Deland Office Building

      Turn-key office, ideal location, great price!
      904 New York Ave, Deland, FL 32720
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      15,174 SF

      Woodland Blvd Commercial Space

      DeLand, FL: Retail, Office, Medical
      425 Woodland Blvd, DeLand, FL 32720
      View Details
    • $30,000

      DeLand Commercial Space For Rent

      Commercial space near Downtown DeLand, suitable for various businesses.
      209 S Florida Ave, Deland, FL 32720
      View Details
    • $475 /Mo
      6,760 SF

      Historic Downtown DeLand Executive Suites

      Executive suites in historic Landis Fish Building, Downtown DeLand.
      110 W Indiana Ave, Deland, FL 32720
      View Details
    • $750 /Mo
      300 SF

      Deland Executive Suite Available

      Deland Executive Suites Available
      1025 W. New York Ave, DeLand, FL 32720
      View Details
    • $1.07 SF/Yr
      7,818 SF

      Downtown DeLand Executive Office Suite

      7,818 sq ft, Prime Location, $1600/month
      112 Indiana Ave, DeLand, FL 32720
      View Details
    • $575 /Mo
      176 SF

      Downtown DeLand Executive Suites

      Executive suites in historic building, heart of Downtown DeLand.
      110-120 N Woodland Blvd, Deland, FL 32720
      View Details

    Property Visit Statistics

    • Visits by month
      4.5k
    • Visitors by month
      3.6k
    • Avg Time on site
      17 min
    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.
    805 Spg Gdn Ave
    Deland, FL 32720-3144
    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.