Remodeled Self Storage
For Sale
$799,000
1018 Cutters Way, South Daytona, FL 32119
Commercial Sale, South Daytona, FL
Property Size4,926 SF
Lot Size0.23 Acres
Price / SF$162.20
Days on Market778
Property Features for 1018 Cutters Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4
Parking features
Covered, Parking Lot, Carport, Gated, Secured, RV, Off Street, Garage
Security features
Security Lighting
Fencing
Chain Link, Privacy
Subdivision
Blake
Lot features
Dead End Street
Directions
Nova Rd. to Cutters Way. 1018 Brown and green building on right.
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
Legal 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
Utilities
Utilities
Cable Available
Heating system
Varies by Unit (Heating), Heat Pump (Heating)
Cooling system
Ductless, Heat Pump, Electric, Separate Meters, Varies by Unit, Central Air, Attic Fan, Multi Units
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
Rolled Hot Mop, Metal
Listing Agency:
Ray Joy Realty LLC
Listed By:
Ray Joy
(386) 401-1000
Added: Aug 20, 2024
Changed: Oct 2
Last Checked: Oct 6 at 2:06PM
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.
Investment Insights
Based on property information with market context.
This 4,926-square-foot self-storage property includes 16 units, two apartments, and a cabinet-making shop. The residential component consists of one efficiency and one three-bedroom apartment. Improvements include granite, new appliances, new AC, new water heaters, new exterior bathrooms, and a metal roof. Concrete, tile, and laminate flooring are present throughout the property, with block and steel siding construction.
The 0.23-acre site is located at 1018 Cutters Way in South Daytona, Florida, and carries BHC Business Heavy Commercial zoning. Parking features include a garage, carport, covered and off-street parking, RV parking, a parking lot, and gated secured areas. Public water is available, and the property was built in 1977. Storage occupancy is reported at 95% with a waiting list.
The 0.23-acre site is located at 1018 Cutters Way in South Daytona, Florida, and carries BHC Business Heavy Commercial zoning. Parking features include a garage, carport, covered and off-street parking, RV parking, a parking lot, and gated secured areas. Public water is available, and the property was built in 1977. Storage occupancy is reported at 95% with a waiting list.
Key Highlights
- 16 storage units with 2 apartments
- One efficiency apartment and one 3‑bedroom apartment
- 4,926 square feet on 0.23 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,620
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,400
$972.4K
Cap Rate 7%
$694,571
$694.6K
Cap Rate 9%
$540,222
$540.2K
Market Conditions
NOI Build-Up for 4,926 SF
Gross rent
$73.9K $15.00/SF
− Vacancy
−$4.4K −$0.90/SF
EGI
$69.5K $14.10/SF
− OpEx
−$20.8K −$4.23/SF
NOI
$48.6K $9.87/SF
Area
Volusia County, FL
Vacancy
6.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,400
Cap Rate 7%
$694,571
Cap Rate 9%
$540,222
Alternative Uses
Best Use
Self Storage
$694.6K
$607.8K – $810.3K
NOI $48,620 @ 7.0% cap · market cap 6.09%
Second Best
Warehouse
$566.0K
$495.2K – $660.3K
NOI $39,618 @ 7.0% cap · market cap 4.96%
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.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
401
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Sixteen storage units accompany two apartments and a cabinet-making 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: 16 storage units with 2 apartments; One efficiency apartment and one 3‑bedroom apartment; 4,926 square feet on 0.23 acres
