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

    985 Harley Strickland Blvd Orange City, FL 32763-7980

    • Community centers
    • 161,349 SF
    • 17.82 lot acres
    OFF-MARKET
    Value Estimations
    $20,610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2027641
    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

    • TravelOxygenRental.com / Medical Supply Store
    • Bath & Body Works / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • West Volusia Towne Center / Shopping Center & Mall
    • Massage Envy / Alternative Medicine Practice / Spa & Massage Center
    • Elder Assistance Of America / Home Health Care Service

    Property Details for 985 Harley Strickland Blvd

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    17.82 lot acres
    Property size
    161,349 SF
    Property type
    Community centers
    APN
    8023-24-00-0050
    APU
    802324000050

    Description

    West Volusia Towne Center offers a prime retail opportunity within a vibrant power center totaling 154,477 square feet. This strategically located property enjoys exceptional visibility and accessibility, situated at the northwest corner of Harley Strickland Boulevard and Veterans Memorial Parkway in Volusia County. The center benefits from two traffic signals on Harley Strickland Boulevard, providing convenient ingress and egress, with additional entry points on Veterans Memorial Parkway. Currently, there is one available retail space of 3,216 square feet, within a larger building encompassing 242,710 square feet. The center's location in the commercial heart of Southwest Volusia County serves the growing communities of DeBary, Deland, and Deltona, offering a strong customer base. Its proximity to Interstate 4 ensures easy access for both local and regional customers. The available space presents a unique chance to establish or expand a business in a high-demand area with significant foot traffic and convenient access. A total of 4,716 square feet is currently vacant within the larger building. This property is a multi-tenant retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $13,165,000
      Market price range: $3.45M - $21.2M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $28,890,000
      Current use
      WAREHOUSE, STORAGE
      $33,460,000
      Change: +16% Conversion: Difficult
      MEDICAL BUILDING
      $30,015,000
      Change: +4% Conversion: Difficult
      RETAIL STORES
      $28,460,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange City
    County
    Volusia
    State
    Florida
    Longitude
    -81.286
    Latitude
    28.9183
    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
    $316,644
    $3,880,180
    $11,988,961
    $15,869,141
    -
    $3,880,180
    $11,988,961
    $15,869,141

    Comparable in this City

    • Value Estimation by Request
      103,999 SF

      2612 Enterprise Rd

      Lifestyle centers • 103,999 SF
      2612 Enterprise Rd, Orange City, FL 32763
      View Details
    • Value Estimation
      $3,765,000
      16,850 SF

      2578 Enterprise Rd, Unit 232

      MINI-MALL • 16,850 SF
      2578 Enterprise Rd, Orange City, FL 32763-7904
      View Details
    • Value Estimation
      $7,205,000
      14,308 SF

      2565 Enterprise Rd

      MINI-MALL • 14,308 SF
      2565 Enterprise Rd, Orange City, FL 32763-8016
      View Details
    • Value Estimation
      $6,785,000
      52,457 SF

      801 Harley Strickland Blvd

      MINI-MALL • 52,457 SF
      801 Harley Strickland Blvd, Orange City, FL 32763-7985
      View Details
    • Value Estimation
      $840,000
      6,507 SF

      1155 Volusia Ave

      MINI-MALL • 6,507 SF
      1155 Volusia Ave, Orange City, FL 32763-7037
      View Details
    • Value Estimation
      $1,090,000
      6,563 SF

      890 Saxon Blvd

      MINI-MALL • 6,563 SF
      890 Saxon Blvd, Orange City, FL 32763-8215
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Retail property with high visibility and strong co-tenants.
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      Kohl's Anchored Pad Site

      Pad site in dominant power center with excellent visibility.
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    • $3,400,000
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      Turnkey Restaurant in Orange City

      Profitable, ready-to-run restaurant business in a prime location.
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      Prime Retail Land, High Traffic, Buildable
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    Similar Nearby for Lease

    • $10 SF/Yr
      172,079 SF

      Orange City Retail Center

      High-traffic retail center, prime location.
      816 Saxon Blvd, Orange City, FL 32763
      View Details
    • Contact for pricing
      1,700 SF

      Retail Space in High-Traffic Area

      Retail space available in a renovated, anchored neighborhood center.
      2397-2437 Enterprise Rd, Orange City, FL 32763
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Orange City

      Retail property with abundant parking and pylon signage available.
      2460 S Volusia Ave, Orange City, FL 32763
      View Details
    • Contact for pricing
      1,054 SF

      Retail Space in Orange City

      Retail space available in neighborhood shopping center with ample parking.
      2499 Enterprise Rd, Orange City, FL 32763
      View Details
    • $18 SF/Yr
      15,000 SF

      Retail Space in Orange City

      Retail space available in a busy Orange City location.
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      View Details
    • Contact for pricing
      100,883 SF

      Four Townes Shopping Center: Prime Retail Space

      Retail spaces available in Orange City, FL
      2412 Volusia Ave, Orange City, FL 32763
      View Details
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    Orange City, FL 32763-7980
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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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