690 Deltona BlvdDeltona, FL 32725

Property Details for 690 Deltona Blvd

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.37 AC

Property size (Sq ft)

2,075 SF

Zone code

MF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

8036-05-01-0020

APU

803605010020

Description

This 2,100 square foot medical office building, constructed in 1999, presents a unique investment opportunity in West Volusia County. Situated on a single story, the property boasts 17 total parking spaces, catering to both staff and patients. Its zoning is designated as PB, making it ideally suited for its current use and potentially other medical-related businesses. The building's previous use as a real estate office speaks to its adaptability and versatile layout. Located conveniently near Interstate 4, with easy access to nearby Debary and Orange City, this property benefits from high visibility and convenient access for patients and employees. The single-tenant occupancy offers stability and potential for long-term lease agreements. This presents a chance to acquire a well-maintained, functional medical office building in a thriving area with strong growth potential. The ample parking ensures convenient access for patients and staff, enhancing the overall appeal and functionality of the property. The building's strategic location near major transportation arteries and nearby communities makes it an attractive option for medical professionals seeking a well-established presence in a growing market. This is an exceptional opportunity for investors seeking a stable, single-tenant property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $437,978

  6.5%

  $404,287

  7%

  $375,409

• Comparable approach

  Method

  Valuation

  Relative Method

  $359,030

  Geo Method

  $359,030

• Alternative Use

  Use

  Valuation

  Residential

  $404,287

  Hospitality

  $370,325

  Educational

  $308,106

  Medical

  $318,702

  Retail

  $479,276

Location Insight

City

Deltona

County

Volusia

State

Florida

Latitude

28.882

Longitude

-81.2803

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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