Two-Story Retail and Social
For Sale
$525,000
514 Main Street, Daytona Beach, FL 32118
COMMERCIAL - Daytona Beach, FL
Property Size1,968 SF
Lot Size0.02 Acres
Price / SF$266.77
Days on Market62
Property Features for 514 Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
On Street
Subdivision
Rogers Seabreeze
Lot features
Historic Area
Directions
International Speedway Blvd to A1A go north to Main St go west property is on the south side.
Standard status
Active
APN
5304-01-17-0011
Size
1,968 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 17.9 FT OF E 36 1/2 FT OF N 65 FT OF LOT 1 BLK 17 ROGERS SEABREEZE PER OR 5046 PG 0520 PER OR 6060 PG 3691
Tax Annual Amount
3986
Legal Description
W 17.9 FT OF E 36 1/2 FT OF N 65 FT OF LOT 1 BLK 17 ROGERS SEABREEZE PER OR 5046 PG 0520 PER OR 6060 PG 3691
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Multi Units, Central Air
Water source
Public
Amenities
large balcony
built out bar
living room area
restroom
rear room
separate entrance
Building Details
Year built
1920
Floors in Building
2
Number of units
1
Flooring type
Concrete, Laminate
Building materials
Block
Roof type
Membrane
Listing Agency:
RE/MAX Signature · RE/MAX International
(386) 673-7001
Listed By:
Greg Antonich · License #0356858
(386) 679-0443
Added: Jun 10
Changed: Aug 4
Last Checked: Aug 10 at 2:06PM
MLS# 1227400
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.
Investment Insights
Based on property information with market context.
This two-story commercial building offers a ground-floor storefront space currently occupied by an established tattoo parlor tenant who would like to remain. The upstairs level is configured as a large social entertainment VIP suite with a built-out bar, living room area, restroom, and a rear room that can serve as an office, storage, or additional living space. The property also includes a large balcony overlooking Main Street.
Located on Main Street in Daytona Beach, the building is described as being steps from the beach, boardwalk, pier, and Ocean Center, and the area hosts events such as Bike Week and Biketoberfest.
The upstairs has a separate entrance, supporting private events or independent use alongside the ground-floor retail storefront.
Located on Main Street in Daytona Beach, the building is described as being steps from the beach, boardwalk, pier, and Ocean Center, and the area hosts events such as Bike Week and Biketoberfest.
The upstairs has a separate entrance, supporting private events or independent use alongside the ground-floor retail storefront.
Key Highlights
- Two‑story retail flex building with a tattoo parlor tenant in the downstairs storefront
- Upstairs VIP suite‑style space with built‑out bar, living room area, restroom, and rear room for office, storage, or living
- Second‑floor balcony over Main St for views of events
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,885
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$597,700
$597.7K
Cap Rate 7%
$426,929
$426.9K
Cap Rate 9%
$332,056
$332.1K
Market Conditions
NOI Build-Up for 1,968 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.2K $21.96/SF
− Vacancy
−$3.4K −$1.71/SF
EGI
$39.8K $20.25/SF
− OpEx
−$10.0K −$5.06/SF
NOI
$29.9K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$597,700
Cap Rate 7%
$426,929
Cap Rate 9%
$332,056
Alternative Uses
Best Use
Specialty Retail
$426.9K
$373.6K – $498.1K
NOI $29,885 @ 7.0% cap · market cap 5.69%
Second Best
Retail
$264.8K
$231.7K – $308.9K
NOI $18,536 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$580.3K
$507.8K – $677.0K
NOI $40,620 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
93k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 25%
Hotels & Casinos 4%
Dick's Last Resort
Dining
20,658 visits/mo
0.4 miles
Joe's Crab Shack
Dining
19,572 visits/mo
0.3 miles
Burger King
Dining
10,780 visits/mo
0.3 miles
7-Eleven
Shops & Services
9,090 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,013 visits/mo
0.2 miles
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two-story building with a ground-floor storefront and an upstairs social entertainment suite with separate entrance and balcony.
Where is this storefront property located?
The property is located at 514 Main Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑story retail flex building with a tattoo parlor tenant in the downstairs storefront; Upstairs VIP suite‑style space with built‑out bar, living room area, restroom, and rear room for office, storage, or living; Second‑floor balcony over Main St for views of events
