NNN Restaurant Investment
For Sale
Under Contract
$499,000
747 W Intl Speedway Boulevard, Daytona Beach, FL 32114
Commercial Sale, Daytona Beach, FL
Property Size2,214 SF
Lot Size0.12 Acres
Price / SF$225.38
Days on Market23
Property Features for 747 W Intl Speedway Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Parking Lot, Guest, Off Street
Directions
West on International Speedway Blvd from Ridgewood Ave. Property is on the South side near the corner of Lockhart St.
Subdivision
32 - Daytona Beville to ISB, E of 95
Standard status
Active Under Contract
APN
5339-76-03-0010
Size
2,214 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
38-15-33 & 39-15-33 E 33.5 FT OF LOT 1 EXC ST BLK C SLOUGH ESTATE RESUBDIVISION MB 4 PG 190 MB 15 PG 114 OF HODGMANS DAYTONA MB 2 PG 82 MB 12 PG 13-15 PER OR 3830 PG 3576
Tax Annual Amount
3165
Legal Description
38-15-33 & 39-15-33 E 33.5 FT OF LOT 1 EXC ST BLK C SLOUGH ESTATE RESUBDIVISION MB 4 PG 190 MB 15 PG 114 OF HODGMANS DAYTONA MB 2 PG 82 MB 12 PG 13-15 PER OR 3830 PG 3576
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Water source
Public
Amenities
ADA-compliant restroom
Building Details
Year built
1961
Roof type
Metal
Listing Agency:
Realty Pros Assured
(386) 677-7653
Listed By:
Beau Warren · License #SL3207370
(386) 589-5754
Added: Aug 4
Changed: Aug 21
Last Checked: Aug 26 at 11:06AM
MLS# 1229315
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 2,214-square-foot A-frame building contains a fully equipped restaurant on the first floor, including a commercial kitchen, counter seating, table-service area, and ADA-compliant restroom. The second floor provides additional flexible space for office, storage, inventory, or operational needs. The property was built in 1961 and includes a metal roof, central electric heating, public water, and public sewer.
The asset is subject to a new 5-year NNN lease with 3% annual rent escalations. Parking is available through guest, off-street, and parking-lot areas. The property is positioned along a commercial corridor in Daytona Beach, with Bethune-Cookman University, downtown Daytona Beach, medical facilities, and the beachside identified nearby.
The asset is subject to a new 5-year NNN lease with 3% annual rent escalations. Parking is available through guest, off-street, and parking-lot areas. The property is positioned along a commercial corridor in Daytona Beach, with Bethune-Cookman University, downtown Daytona Beach, medical facilities, and the beachside identified nearby.
Key Highlights
- Fully leased under a new 5‑year NNN lease
- 2,214 square feet on a 0.12‑acre parcel
- First‑floor restaurant with commercial kitchen and ADA‑compliant restroom
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
$33,620
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
6.74%
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%
$672,400
$672.4K
Cap Rate 7%
$480,286
$480.3K
Cap Rate 9%
$373,556
$373.6K
Market Conditions
NOI Build-Up for 2,214 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
$48.6K $21.96/SF
− Vacancy
−$3.8K −$1.71/SF
EGI
$44.8K $20.25/SF
− OpEx
−$11.2K −$5.06/SF
NOI
$33.6K $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%
$672,400
Cap Rate 7%
$480,286
Cap Rate 9%
$373,556
Alternative Uses
Best Use
Specialty Retail
$480.3K
$420.3K – $560.3K
NOI $33,620 @ 7.0% cap · market cap 6.74%
Second Best
Industrial
$188.3K
$164.8K – $219.7K
NOI $13,181 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,697 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,249
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 48%
Electronics 3%
Krispy Kreme Doughnuts
Dining
25,425 visits/mo
0.5 miles
Dollar General
Shops & Services
11,436 visits/mo
0.1 miles
Checkers
Dining
6,857 visits/mo
0.3 miles
Marathon
Shops & Services
6,564 visits/mo
0.4 miles
U-Haul
Shops & Services
4,666 visits/mo
0.1 miles
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Fully leased two-story restaurant asset with a commercial kitchen, flexible upper-level space, and on-site parking.
Where is this nnn property located?
The property is located at 747 W Intl Speedway Boulevard Daytona Beach, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Fully leased under a new 5‑year NNN lease; 2,214 square feet on a 0.12‑acre parcel; First‑floor restaurant with commercial kitchen and ADA‑compliant restroom
