2820 Howland Blvd
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2820 Howland Blvd
4,460 SF 90% Leased Retail Building Deltona, FL 32725 $1,150,000 ($258/SF) 5.87% Cap Rate
Investment Highlights
- Heavy Daytime Traffic, Zoned C-1 which has numerous usuages such as retail, office space, business, motel, hotel, barber shops, beauty saloons & more.
Executive Summary
Property is located in the Largest City of Volusia County. Plaza fronts on Howland Blvd.Deltona a high volume traffic location. Plaza has 7 units. 6 units are downstairs, the 7th Unit is upstairs with 2 additional Storage Units. The Plaza has a great potential and is looking for a owner that will take it to another level. Approximately 18 car spaces. Large 1 car garage with storage also for rent. The zoning is C-1 which is ideal for retail, business offices, hair salon, barber shop, co-signment shops, hotels, motels and a wide selection of usages permitted but No food or cooking business are permitted. The property is on septic, however, the sewer is available to be hook up. With the sewer being hook up will Open More Potential Usages and more Income
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$84,348
|
$18.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$16,800
|
$3.77
|
| Effective Gross Income |
$67,548
|
$15.15
|
| Taxes |
$6,543
|
$1.47
|
| Operating Expenses |
$3,000
|
$0.67
|
| Total Expenses |
$9,543
|
$2.14
|
| Net Operating Income |
$58,005
|
$13.01
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $84,348 |
| Annual Per SF | $18.91 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $16,800 |
| Annual Per SF | $3.77 |
| Effective Gross Income | |
|---|---|
| Annual | $67,548 |
| Annual Per SF | $15.15 |
| Taxes | |
|---|---|
| Annual | $6,543 |
| Annual Per SF | $1.47 |
| Operating Expenses | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $0.67 |
| Total Expenses | |
|---|---|
| Annual | $9,543 |
| Annual Per SF | $2.14 |
| Net Operating Income | |
|---|---|
| Annual | $58,005 |
| Annual Per SF | $13.01 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,460 SF
Building Class
C
Year Built
1991
Price
$1,150,000
Price Per SF
$258
Cap Rate
5.87%
NOI
$67,500
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.30
Lot Size
0.34 AC
Zoning
Commercial 1 - Retail shops, professional offices and personal service enterprises similar to the following:
animal hospital, antique shops, aquariums, and much more
Parking
18 Spaces (4.04 Spaces per 1,000 SF Leased)
Frontage
100 FT on Howland Blvd
Amenities
- Tenant Controlled HVAC
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 8130-39-09-0090 | Total Assessment | $327,087 (2024) |
| Land Assessment | $45,375 (2024) | Annual Taxes | $6,543 ($1.47/SF) |
| Improvements Assessment | $281,712 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
8130-39-09-0090
Land Assessment
$45,375 (2024)
Improvements Assessment
$281,712 (2024)
Total Assessment
$327,087 (2024)
Annual Taxes
$6,543 ($1.47/SF)
Tax Year
2023
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2820 Howland Blvd
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