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    The Largest CRE Database in the US with Over 1 Million Listings

    406 Walker St Daytona Beach, FL 32117

    Sponsored
    For Lease
    $1,000 /Mo

    COMMERCIAL - Holly Hill, FL

    Lot size:
    2.66 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 23 at 10:06 am

    Property Features for 406 Walker St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    APN
    4242-04-33-0280
    Parking features
    Gated, Off Street, Parking Lot
    Fencing
    Fenced
    Lot size
    2.66 Acres

    Utilities

    Cooling system
    Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1987
    Number of units
    1

    We can help!

    Listing Contact
    Greg Antonich

    RE/MAX Signature (386) 236-0749

    Listing agent Greg Antonich (386) 673-7001

    Listing date Jan 22, 2026

    MLS# 1222053

    Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Holly Hill Industrial Storage Space

    Available for lease are heavy industrial outdoor storage spaces located in Holly Hill, Florida. The property is zoned I-2 Heavy Industrial District, suitable for storing trucks, trailers, equipment, materials, RVs, cars, and fleet vehicles. Three distinct storage areas are available according to the provided survey. The first storage area, situated in the rear, measures 50 x 150 and is available for $1,000.00 per month, designed for larger vehicles and equipment. Two additional storage areas are located in the front, each being fenced and gated with 20 ft rolling gates. Storage space #2 is offered at $800.00 per month, while storage space #3 is available for $700 per month. Please note that the storage spaces are for storage purposes only, without electric or water hookups. The property has a lot size of 2.66 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Surface Solutions USA Countertop Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.047046
    Latitude
    29.248747

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    FAQs

    What type of property is this?
    Truck terminal - Outdoor storage space for trucks, trailers, equipment, and vehicles.
    Where is this truck terminal located?
    The property is located at 406 Walker St Daytona Beach, FL.
    What is the lease rate?
    The lease rate is $0.10 SF/Yr.
    What are key features of this property?
    This property features: - Zoned I-2 Heavy Industrial District in Holly Hill, allowing for a wide range of storage uses.; - Three distinct outdoor storage areas available for lease, catering to different size requirements.; - Secured storage with gated and fenced front areas (spaces #2 and #3).
    (386) 673-7001
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    406 Walker St Daytona Beach, FL 32117
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    Daytona Beach, FL 32117
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    406 Walker St Daytona Beach, FL 32117
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    We can help!
    Listing Contact
    Greg Antonich
    (386) 673-7001
    Learn more
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