121 Howland BlvdDeltona, FL 32738

Property Details for 121 Howland Blvd

Year built

2009

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.98 AC

Property size (Sq ft)

8,514 SF

Property type

Retail properties

Property subtype

Community centers

APN

9206-04-00-0030

APU

920604000030

Description

This exceptional investment opportunity presents a fee-simple interest in the Shoppes of East Deltona, a thriving 8,450-square-foot multi-tenant retail center located at 121 Howland Blvd, Deltona, FL 32738. Boasting a 100% occupancy rate with six tenants, including national brands like T-Mobile, Hungry Howie's Pizza, and GameStop, this stabilized property offers a compelling 6.00% cap rate and a strong NOI of $200,640. Built in 2009, the single-story, concrete block structure sits on a 42,689-square-foot lot and provides ample parking with 42 spaces. The property benefits from its strategic outparcel location adjacent to a Walmart Supercenter, McDonald's, a gas station, and a Fairwinds Credit Union, ensuring high visibility and consistent traffic. The property features rent bumps, and the current owner, also the original builder, has meticulously maintained the center since its construction. This is a rare opportunity to acquire a well-established, high-performing retail center in a desirable location with a proven track record of success. The property's strong tenant mix, excellent location, and consistent occupancy make it an ideal addition to any investment portfolio. The property is offered at $3,344,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,630,074

  6.5%

  $2,427,761

  7%

  $2,254,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,169,734

  Geo Method

  $2,395,053

• Alternative Use

  Use

  Valuation

  Residential

  $2,047,907

  Hospitality

  $1,875,872

  Educational

  $1,560,704

  Medical

  $1,614,378

  Retail

  $2,427,761

Location Insight

City

Deltona

County

Volusia

State

Florida

Latitude

28.8722

Longitude

-81.1645

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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