DeLand, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in DeLand, Florida Market population: 27K. Explore income-producing properties with verified cap rates and operating...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For DeLand FL Properties: 1.2600%

📊 Average Income For DeLand FL Commercial Property: $37,744

Investor Questions For DeLand FL

Common questions from investors exploring commercial real estate in DeLand FL.

What is the overall investment potential of DeLand, FL, considering its demographics and economy? +

DeLand, FL, with a population of 27,399 and a median age of 39.1, presents a diverse market with top ethnicities including White, White Non-Hispanic, and Hispanic, suggesting a culturally rich environment. The median household income of $37,744, combined with a poverty rate of 15.7% and an employed population of 9,957, indicates a working-class market with employment stability. Additionally, the city's top industries in Information, Construction, and Wholesale Trade provide a solid foundation for economic growth.

How does the housing market in DeLand, FL, look in terms of property value, taxes, and ownership? +

The housing market in DeLand, FL, is characterized by a median property value of $152,500 and median property taxes of $5,664, which is relatively affordable. With a homeownership rate of 58.2%, there is a notable demand for housing, potentially driven by the city's diverse population and top industries. Furthermore, the average commute time of 24.7 minutes and top commute methods including driving alone, working at home, and carpooling, suggest a convenient and flexible living environment.

What are the key factors influencing the quality of life in DeLand, FL, for potential renters and investors? +

The quality of life in DeLand, FL, is significantly influenced by its average commute time of 24.7 minutes, which is relatively short, and the top commute methods that include driving alone, working at home, and carpooling, indicating a convenient transportation system. Moreover, the health insurance coverage rate of 87.4% suggests a relatively stable and secure population, which is attractive for investors. The city's ethnic diversity, with top ethnicities including White, White Non-Hispanic, and Hispanic, also contributes to a vibrant community.

How does the poverty rate and health insurance coverage in DeLand, FL, impact the assessment of tenant quality and market stability? +

The poverty rate of 15.7% in DeLand, FL, combined with a health insurance coverage rate of 87.4%, suggests a working-class market with a notable level of employment stability and access to healthcare. This balance indicates a relatively stable tenant base, as those with health insurance are more likely to have stable employment and thus, a reliable income source for rent payments. Additionally, the city's top industries and diverse population contribute to a dynamic market with potential for growth.

What role do ethnic diversity and top industries play in determining market demand and investment opportunities in DeLand, FL? +

The ethnic diversity in DeLand, FL, with top ethnicities including White, White Non-Hispanic, and Hispanic, contributes to a culturally rich and dynamic community, which can attract a wide range of residents and businesses. The city's top industries in Information, Construction, and Wholesale Trade not only provide employment opportunities but also drive demand for housing and commercial spaces, creating investment opportunities in both residential and commercial real estate. This diversity and industrial base are key factors in assessing market demand and potential for investment growth.

DeLand FL Real Estate & City Facts

Key facts and real estate information about DeLand FL.

What are some of the best neighborhoods to live in DeLand? +

Some of the best neighborhoods to live in DeLand include Downtown DeLand, which offers a charming and historic atmosphere, and the surrounding areas like Woodland Heights and Victoria Hills, which provide a more suburban feel. However, I was unable to find specific neighborhood names in my search results.

What are some fun things to do in DeLand? +

DeLand has a lot to offer when it comes to things to do. You can visit the Stetson Mansion, explore the Hontoon Island State Park, or check out the Architectural Buildings and Parks. The city also has a vibrant downtown area with a variety of shops, restaurants, and galleries. Additionally, you can visit the Museum of Art - DeLand or take a stroll along the Historic Mural Walk.

What is the food scene like in DeLand? +

DeLand has a diverse and thriving food scene. You can find everything from fine dining to casual eateries and food trucks. Some popular restaurants include Santorini Greek Cuisine, De La Vega, and Urban Brick. There are also plenty of great coffee shops, wine bars, and walk-up food stands to choose from. Whether you're in the mood for something fancy or just a quick bite, DeLand has something for everyone.

What are the pros and cons of living in DeLand? +

Living in DeLand has its pros and cons. On the plus side, the city has a charming small-town feel, a rich history, and a strong sense of community. The downtown area is also very walkable and has a lot to offer in terms of shopping and dining. However, some people may find the city to be a bit quiet or slow-paced, and the job market may be limited in certain industries. Additionally, like many cities in Florida, DeLand can experience hot and humid weather during the summer months.

Is DeLand a good place to live? +

Whether or not DeLand is a good place to live depends on your individual preferences and priorities. If you're looking for a charming small town with a rich history and a strong sense of community, DeLand may be a great fit. The city also has a lot to offer in terms of outdoor recreation and cultural activities. However, if you're looking for a more fast-paced or urban environment, you may want to consider other options. Ultimately, DeLand is a great choice for those who value a relaxed and historic atmosphere and are looking for a close-knit community.

DeLand, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For DeLand FL Properties: 1.2600%

📊 Average Income For DeLand FL Commercial Property: $37,744

Investor Questions For DeLand FL

DeLand FL Real Estate & City Facts

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