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    705 N Beach Street N Daytona Beach, FL 32114

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    For Sale
    $900,000

    COMMERCIAL - Daytona Beach, FL

    Property size:
    4,018 SF
    Lot size:
    0.39 Acres
    Price / SF:
    $223/SF
    Added:
    Apr 5, 2024
    Days on Market:
    760
    Last Refresh:
    May 4 at 6:06 am

    Property Features for 705 N Beach Street N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Parking Lot, On Street, Gated
    Standard status
    Active
    APN
    5338-05-00-0150
    Size
    4,018 SF
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOTS 15 & 16 & LAND BETWEEN SAME & WATERWAY VENICE ADD KINGSTON PER OR 2238 PG 826 PER DC 5339 PG 3128 PER OR 6074 PG 3643 PER OR 7715 PG 1488
    Tax Annual Amount
    4607

    Utilities

    Water front
    1

    Building Details

    Year built
    1948
    Floors in Building
    1
    Number of units
    1

    We can help!

    Listing Contact
    Darrel Bofamy

    Listing agent Darrel Bofamy

    Listing office Coldwell Banker Commercial Benchmark 570 Memorial Cir Suite 300, Ormond Beach, FL

    Listing date Apr 5, 2024

    MLS# 1121897

    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.

    Overview

    Daytona Beach Commercial Opportunity

    Located in a Daytona Beach redevelopment area, this property presents a capital gains tax-free appreciation option for the buyer. The property, which has a history as an auto repair shop, includes a substantial inventory of new parts valued at $400,000. The site is suitable for various uses, including industrial, professional, garage, storage, RV storage, boat storage, and marine sales and service. The garage features three large bays and five lifts. Situated on a 0.39-acre lot, the property includes 148 linear feet of waterfront with access to the Halifax River (Intra-Coastal Waterway) and the ocean, making it suitable for boat sales and repairs. The property currently has multiple bays with roll-up doors and parking on the north side. It is located in the Community Redevelopment Area for Daytona Beach, where new projects are underway at Fairview Ave and Ballough Rd, including a new roundabout. New luxury apartments are located on Beach St opposite the newly finished $37 million Riverfront Esplanade. The building size is 4,018 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BAC Imported Car ... Auto Repair Shop Marina Vista Apartments Apartment Complex Lightify (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Bob Sellers Auto Clinic — 405 N Charles St, Daytona Beach, FL 32114
    • All American Auto Machine — 405 N Charles St, Daytona Beach, FL 32114
    • Old Guy's Garage — 405 N Charles St, Daytona Beach, FL 32114
    • Indian Motorcycle Daytona Beach — 290 N Beach St, Daytona Beach, FL 32114
    • Tech Auto Care — 426 N Segrave St, Daytona Beach, FL 32114

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.024857
    Latitude
    29.225596

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    FAQs

    What type of property is this?
    Auto shop - Auto repair shop with waterfront access in redevelopment area.
    Where is this auto shop located?
    The property is located at 705 N Beach Street N Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Waterfront property with **148 ft on the Halifax River (Intra‑Coastal Waterway) and ocean access**, ideal for marine sales and service.; Located in a Daytona Beach Community Redevelopment Area with ongoing projects and new luxury apartments nearby.; Includes $400,000 in new parts inventory.
    (386) 795-7060
    We can help!
    Listing Contact
    Darrel Bofamy
    Learn More
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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.

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    705 N Beach Street N, Daytona Beach, FL 32114

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