124 Charles Richard Beall BlvdDebary, FL 32713

Property Details for 124 Charles Richard Beall Blvd

Year built

1952

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.05 AC

Property size (Sq ft)

672 SF

Zone code

B4

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

8034-05-06-0010

APU

803405060010

Description

This exceptional mixed-use property, located at 124 S Charles Richard Beall Boulevard in Debary, Florida, presents a compelling investment opportunity. The 3,162 square foot building sits on a 1.05-acre corner lot, offering ample parking both in front and at the rear. Constructed in 1952, this six-unit property boasts significant potential for increased revenue. Currently, five of the six units generate a monthly income of $4,700. The property can be delivered vacant upon sale, allowing for complete customization and maximizing rental income potential. Its strategic location offers easy access to Interstate 4, providing convenient connections to both Orlando and Daytona Beach. The property benefits from its proximity to the planned downtown Debary Main Street development along U.S. Highway 17-92, ensuring strong future growth and demand. Furthermore, the property falls under the recently enacted Founder Code B-4 commercial classification, designed to stimulate business development in the area. This designation allows for a diverse range of services and goods, catering to the thriving Debary community. This is a rare chance to acquire a high-yield investment property in a rapidly developing area. The property's size, location, and income potential make it an ideal investment for discerning buyers seeking strong returns.

• CAP approach

  CAP return

  Valuation

  6%

  $141,841

  6.5%

  $130,931

  7%

  $121,578

• Comparable approach

  Method

  Valuation

  Relative Method

  $116,274

  Geo Method

  $116,274

• Alternative Use

  Use

  Valuation

  Residential

  $130,931

  Hospitality

  $119,932

  Educational

  $99,782

  Medical

  $103,213

  Retail

  $155,216

Location Insight

City

Debary

County

Volusia

State

Florida

Latitude

28.8812

Longitude

-81.31

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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