940 Deltona BlvdDeltona, FL 32725

Property Details for 940 Deltona Blvd

Year built

1976

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.17 AC

Property size (Sq ft)

3,840 SF

Zone code

B

Property type

Investment properties

Property subtype

Retail residential properties

APN

8130-22-21-0200

APU

813022210200

Description

This exceptional commercial property, located at 940 Deltona Blvd, Deltona, FL 32725, presents a significant investment opportunity. The 3,840 square foot, single-story building sits on a 1.17-acre lot (50,830 square feet) and boasts 130 feet of frontage on Deltona Blvd, ensuring high visibility in a busy area. Built in 1976, this Class C property is zoned 01B - Commercial Land, and features a convenient drive-thru, ample parking for approximately 50 vehicles, and is currently 100% occupied. The property is offered for sale/leaseback, presenting a value-add or redevelopment opportunity. The asking price is $990,000, translating to $257.81 per square foot. The lease type is NNN, and the current tenancy is single, with a remaining lease term of zero years. This location is ideal for a variety of uses, including banks, pharmacies, and quick-service restaurants. The property's prime location and features make it an attractive investment for businesses seeking high visibility and accessibility in a thriving suburban market. Seller financing and leaseback options are negotiable.

• CAP approach

  CAP return

  Valuation

  6%

  $744,033

  6.5%

  $686,800

  7%

  $637,743

• Comparable approach

  Method

  Valuation

  Relative Method

  $437,232

  Geo Method

  $437,232

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,339,460

  Retail / Commercial

  $688,202

  Hospitality / Lodging

  $505,253

  Office

  $683,815

  Institutional / Educational

  $714,371

  Residential Income

  $835,814

  Multifamily

  $996,599

  Automotive / Energy

  $612,318

  Parking / Income-Based Land

  $210,264

  Restaurant / Food Service

  $359,455

  Healthcare / Senior Housing

  $703,222

Location Insight

City

Deltona

County

Volusia

State

Florida

Latitude

28.8885

Longitude

-81.2768

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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