Metal-Sided Flex
For Sale
$449,900
932 Orange Avenue, Daytona Beach, FL 32114
Commercial Sale, Daytona Beach, FL
Property Size6,330 SF
Lot Size0.44 Acres
Price / SF$71.07
Days on Market147
Property Features for 932 Orange Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Off Street
Directions
From US 1 (Ridgewood Ave.) heading north, turn left onto Orange Ave., property will be on the left just past Keech St.
Subdivision
32 - Daytona Beville to ISB, E of 95
Standard status
Active
APN
5239-04-16-0230
Size
6,330 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
39-15-33 LOTS 23 & 24 BLK 16 DAYTONA GARDENS PLAT 3 MB 6 PG 44 MB 15 PG 126 OF HODGMANS DAYTONA MB 2 PG 82 MB 12 PG 13-15 PER OR 4695 PG 0945 PER OR 5701 PG 1493 PER OR 6389 PGS 2928-2929 PER OR 6945 PGS 1032-1033 PER OR 7195 PG 1639
Tax Annual Amount
3153
Legal Description
39-15-33 LOTS 23 & 24 BLK 16 DAYTONA GARDENS PLAT 3 MB 6 PG 44 MB 15 PG 126 OF HODGMANS DAYTONA MB 2 PG 82 MB 12 PG 13-15 PER OR 4695 PG 0945 PER OR 5701 PG 1493 PER OR 6389 PGS 2928-2929 PER OR 6945 PGS 1032-1033 PER OR 7195 PG 1639
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1969
Flooring type
Concrete
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Lifestyle Realty Group Inc
(386) 951-6565
Listed By:
Jami Gallegos · License #BK3541001
(386) 872-8742
Added: May 5
Changed: Aug 22
Last Checked: Sep 28 at 12:06AM
MLS# 1226201
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 6,330-square-foot flex property occupies a 0.44-acre site and includes a metal-sided building with a metal roof, concrete flooring, off-street parking, and a bathroom. Constructed in 1969, the facility provides an existing warehouse/flex configuration for commercial use and is also identified for adaptive reuse or redevelopment concepts.
The property is located on Orange Avenue within Daytona Beach’s targeted Community Redevelopment Area and near downtown Daytona Beach, Bethune-Cookman University, major transportation corridors, and ongoing public and private redevelopment initiatives. Two adjacent vacant parcels may be available separately, offering the possibility of a larger assemblage, additional parking, or expanded redevelopment area, subject to independent verification.
The property is located on Orange Avenue within Daytona Beach’s targeted Community Redevelopment Area and near downtown Daytona Beach, Bethune-Cookman University, major transportation corridors, and ongoing public and private redevelopment initiatives. Two adjacent vacant parcels may be available separately, offering the possibility of a larger assemblage, additional parking, or expanded redevelopment area, subject to independent verification.
Key Highlights
- 6,330 SF flex property on a 0.44‑acre site
- Metal siding and metal roof with concrete flooring
- Constructed in 1969
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
$37,686
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
8.38%
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%
$753,720
$753.7K
Cap Rate 7%
$538,371
$538.4K
Cap Rate 9%
$418,733
$418.7K
Market Conditions
NOI Build-Up for 6,330 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
$57.0K $9.00/SF
− Vacancy
−$3.1K −$0.50/SF
EGI
$53.8K $8.50/SF
− OpEx
−$16.2K −$2.55/SF
NOI
$37.7K $5.95/SF
Area
Volusia County, FL
Vacancy
5.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$753,720
Cap Rate 7%
$538,371
Cap Rate 9%
$418,733
Alternative Uses
Best Use
Flex RnD
$1.02M
$892.3K – $1.19M
NOI $71,380 @ 7.0% cap · market cap 15.87%
Second Best
Warehouse
$727.3K
$636.4K – $848.5K
NOI $50,910 @ 7.0% cap · market cap 11.32%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,651 @ 7.0% cap · market cap 29.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - The property features concrete flooring, public water and sewer, and off-street parking.
Where is this flex space located?
The property is located at 932 Orange Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 6,330 SF flex property on a 0.44‑acre site; Metal siding and metal roof with concrete flooring; Constructed in 1969
