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

    438 N Beach St Daytona Beach, FL 32114

    Sponsored
    For Sale
    $950,000

    COMMERCIAL - Daytona Beach, FL

    Type:Retail
    Property size:
    2,450 SF
    Days on Market:
    230
    Last Refresh:
    Jan 25 at 7:06 pm

    Property Features for 438 N Beach St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    533841000030
    Parking features
    Parking Lot
    Size
    2,450 SF

    We can help!

    Listing Contact
    Didiayer Snyder

    Oceans Luxury Realty Full Service LLC (386) 455-0830

    Listing agent Didiayer Snyder (818) 287-4008

    Listing date Jun 10, 2025

    MLS# 1214400

    Copyright © 2025 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

    Daytona Beach Redevelopment Opportunity

    This is a two-parcel assemblage, totaling approximately 9,530 square feet (0.22 acres), presenting a redevelopment opportunity in downtown Daytona Beach. The parcels are located at 438 & 430 N. Beach Street. One parcel, located at 430 N. Beach Street, is a 7,350 square foot lot (0.17 acres). The other parcel, located at 438 N. Beach Street, includes a 2,180 square foot building on a 0.05-acre lot. Situated on the Beach Street corridor, the site offers visibility and a strategic location. The inclusion of a parking lot provides customer convenience. The property is located in the heart of Daytona Beach's downtown corridor, near the Halifax River, Riverfront Esplanade Park, International Speedway Boulevard, and Main Street. The property is suitable for retail or office use, or conversion to mixed-use development. The 7,350 square foot lot provides on-site parking. The area is undergoing revitalization, with new restaurants, parks, and commercial ventures. The combined lot size and footprint are suitable for retail, professional services, or redevelopment into a storefront with parking or second-story residential/offices. The property is located near Daytona Beach International Airport and the beachside, with access to public transportation and major roadways. Traffic count is approximately 6,100 vehicles per day along N. Beach Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Barneys Leather Leather Goods Store

    Suggested Use

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

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

    Similar Places Nearby

    Zahn's Flowers, ARTISTIC FLORIST, Flamingo Floral Creations

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.02286
    Latitude
    29.220906

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    FAQs

    What type of property is this?
    Storefront property - Two-parcel assemblage in downtown Daytona Beach, ideal for redevelopment.
    Where is this storefront property located?
    The property is located at 438 N Beach St Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Prime Redevelopment Opportunity: +\/-9,530 SF (0.22 Acres) in Downtown Daytona Beach.; - Rare Dedicated Parking: Includes a 7,350 SF parking lot.; - Desirable Downtown Location: High foot traffic and proximity to key attractions.
    (818) 287-4008
    Request Owner's contact information
    438 N Beach St Daytona Beach, FL 32114
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    Daytona Beach, FL 32114
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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
    438 N Beach St Daytona Beach, FL 32114
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    We can help!
    Listing Contact
    Didiayer Snyder
    Real Estate License ID: 3544343
    (818) 287-4008
    Learn more
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