Remodeled Storage Facility with
1018 Cutters Way, South Daytona, FL 32119
COMMERCIAL - South Daytona, FL
Property size:
4,926 SFLot size:
0.23 AcresPrice / SF:
$162/SF- Added:
- Aug 20, 2024
- Days on Market:
- 679
- Last Refresh:
- Jun 29 at 9:06 pm
Property Features for 1018 Cutters Way
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3
- Parking features
- Garage, Gated, Secured, Off Street, Parking Lot, Carport, RV, Covered
- Security features
- Security Lighting
- Fencing
- Privacy, Chain Link
- Standard status
- Active
- APN
- 5344-16-00-1385
- Size
- 4,926 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- N 146.77 FT OF S 482.77 FT OF W 70 FT OF E 268.75 FT MEAS ON S/L W OF NOVA RD OF LOTS 138 & 139 BLAKE MB 1 PG 38 PER OR 5112 PG 2729 PER OR 7184 PG 4798 PER OR 8302 PG 0719 PER OR 8302 PG 0723 PER OR 8302 PG 0727 PER OR 8302 PG 0731 PER OR 8302 PG 0735
- Tax Annual Amount
- 5468
Utilities
- Utilities
- Cable Available
- Heating system
- Heat Pump (Heating), Varies by Unit (Heating)
- Cooling system
- Attic Fan, Ductless, Central Air, Separate Meters, Varies by Unit, Multi Units, Electric, Heat Pump
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 2
- Number of units
- 16
- Flooring type
- Tile, Laminate, Concrete
- Building materials
- Block, Steel Siding
- Roof type
- Metal, Rolled Hot Mop
Listing agent Ray Joy (386) 401-1000
Listing office Ray Joy Realty LLC 809 Hensel Hill Rd. W, Port Orange, FL (386) 401-1000
Listing date Aug 20, 2024
MLS# 1202930
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.
HighLights
- Storage facility with 16 units, including 2 apartments and 1 efficiency plus 1 3‑bedroom unit
- Fully remodeled interior with granite, new appliances, new AC, new water heaters, and newly updated exterior bathrooms
- Metal roof with both metal and rolled hot mop roofing
- Zoned BHC Business Heavy Commercial; permanent tenants and units 95% full with a waiting list
- Cabinet making shop on‑site; utilities include cable available and water source is public
- On‑site parking options include garage, gated/secured, off‑street, parking lot, carport, covered parking, and RV parking
Overview
This South Daytona property features a storage facility with 16 units, accompanied by two apartments—one efficiency and one three-bedroom unit. The property has been fully remodeled, incorporating granite countertops, new appliances, new air conditioning, and new water heaters. It also features a metal roof and newly renovated bathrooms. Additionally, there is a cabinet making shop on the premises with a permanent tenant. The property is zoned BHC Business Heavy Commercial. At full capacity, the property generates an income of $7650+ per month. The storage units are 95% occupied and have a waiting list. The property size is 4926 square feet and it sits on a 0.23-acre lot.
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.9k | $15.00 |
| − Vacancy | −$4.4k | −$0.90 |
| EGI | $69.5k | $14.10 |
| − OpEx | −$20.8k | −$4.23 |
| NOI | $48.6k | $9.87 |
4,926 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$694.6K
$607.8K – $810.3K
NOI $48,620 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$536.2K
$469.2K – $625.6K
NOI $37,536 @ 7.0% cap · market cap 4.70%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- South Daytona
- County
- Volusia
- State
- Florida
- Longitude
- -81.021063
- Latitude
- 29.155056
Nearby Similar for Sale
FAQs
What type of property is this?
Self storage facility - South Daytona storage facility with apartments and cabinet shop.
Where is this self storage facility 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: Storage facility with 16 units, including 2 apartments and 1 efficiency plus 1 3‑bedroom unit; Fully remodeled interior with granite, new appliances, new AC, new water heaters, and newly updated exterior bathrooms; Metal roof with both metal and rolled hot mop roofing
