Mixed-Use Property with
1018 Cutters Way, South Daytona, FL 32119
For Sale
$799,000
The property combines storage space, apartments, and a cabinet-making shop under BHC Business Heavy Commercial zoning.
Property Size4,926 SF
Price / SF$162.20
Days on Market811
Property Features for 1018 Cutters Way
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Business Included
Self-Storage Units
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Ray Joy Realty LLC
Listed By:
Ray Joy
(386) 401-1000
Source:
Coastalventures
Added: Aug 20, 2024
Changed: Nov 7
Last Checked: Nov 7 at 5:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ray Joy Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,926-square-foot mixed-use property contains a 16-unit storage facility, two apartments, and a cabinet-making shop. The apartments include an efficiency unit and a three-bedroom unit. Improvements include a metal roof, granite finishes, new appliances, new air conditioning, new water heaters, and updated exterior bathrooms.
The property was built in 1977 and is zoned BHC Business Heavy Commercial. Storage occupancy is 95%, with a waiting list.
The property was built in 1977 and is zoned BHC Business Heavy Commercial. Storage occupancy is 95%, with a waiting list.
Key Highlights
- 16 storage units, two apartments, and a cabinet‑making shop
- Apartment mix includes one efficiency and one three‑bedroom unit
- 4,926 square feet; built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,848
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,960
$1.2M
Cap Rate 7%
$869,257
$869.3K
Cap Rate 9%
$676,089
$676.1K
Market Conditions
NOI Build-Up for 4,926 SF
Gross rent
$106.4K $21.60/SF
− Vacancy
−$9.0K −$1.84/SF
EGI
$97.4K $19.76/SF
− OpEx
−$36.5K −$7.41/SF
NOI
$60.8K $12.35/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,960
Cap Rate 7%
$869,257
Cap Rate 9%
$676,089
Alternative Uses
Best Use
Mixed Use
$869.3K
$760.6K – $1.01M
NOI $60,848 @ 7.0% cap · market cap 7.62%
Second Best
Self Storage
$694.6K
$607.8K – $810.3K
NOI $48,620 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,673 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
95%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
Business Placement
Demographics for 32119, FL
22,498
Population
12,629
Households
1.8
Avg Household Size
50
Median Age
27%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,884
Density / Sq Mi
$53,795
Median Household Income
$37,675
Median Earnings
$1,371
Median Rent
$215,200
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Volusia County, FL
Properties on Market for Mixed-use properties in Volusia County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines storage space, apartments, and a cabinet-making shop under BHC Business Heavy Commercial zoning.
Where is this mixed-use property located?
The property is located at 1018 Cutters Way South Daytona, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 16 storage units, two apartments, and a cabinet‑making shop; Apartment mix includes one efficiency and one three‑bedroom unit; 4,926 square feet; built in 1977
