Commercial Building with Yard
For Sale
$420,000
116 Center St, Daytona Beach, FL 32117
Commercial building with multiple offices and open floor space.
Property Size2,014 SF
Price / SF$208.54
Days on Market208
Property Features for 116 Center St
General Information
Standard status
Active
Size
2,014 SF
Building Details
Year Built
1964
Listing Agency:
ADAMS, CAMERON & CO., REALTORS
Listed By:
Daniel Lyonnais · License #3196672
(386) 852-7932
Source:
Livewelltampabay
Added: Mar 26
Changed: Oct 17
Last Checked: Oct 7 at 1:27PM
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 ADAMS, CAMERON & CO., REALTORS
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Investment Insights
Based on property information with market context.
This commercial building, formerly a Post Office, offers a versatile space with yard area and access to a parallel street. The property features multiple offices and open floor space suitable for various uses. Originally listed as a 3-parcel sale, it can still be conveyed with an adjacent vacant lot and house. The building presents a significant opportunity for the right user, with a total size of 2164 square feet.
Key Highlights
- Commercial building with multiple offices and open floor space
- Includes yard space and backs up to another street
- Opportunity to purchase as a 3‑parcel sale including a vacant lot and house
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,878
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,560
$497.6K
Cap Rate 7%
$355,400
$355.4K
Cap Rate 9%
$276,422
$276.4K
Market Conditions
NOI Build-Up for 2,014 SF
Gross rent
$43.5K $21.60/SF
− Vacancy
−$3.7K −$1.84/SF
EGI
$39.8K $19.76/SF
− OpEx
−$14.9K −$7.41/SF
NOI
$24.9K $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%
$497,560
Cap Rate 7%
$355,400
Cap Rate 9%
$276,422
Alternative Uses
Best Use
Mixed Use
$355.4K
$311.0K – $414.6K
NOI $24,878 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$593.8K
$519.6K – $692.8K
NOI $41,569 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
Explore this area
Business Placement
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building with multiple offices and open floor space.
Where is this mixed-use property located?
The property is located at 116 Center St Daytona Beach, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Commercial building with multiple offices and open floor space; Includes yard space and backs up to another street; Opportunity to purchase as a 3‑parcel sale including a vacant lot and house
