Two-Story Mixed-Use
For Sale
$1,500,000
121 & 125 W International Speedway Blvd Daytona, Daytona Beach, FL 32114
Flexible commercial layout with storefront exposure, upper-level conversion potential, and RDD-2 zoning.
Property Size11,945 SF
Price / SF$125.58
Days on Market194
Property Features for 121 & 125 W International Speedway Blvd Daytona
General Information
Standard status
Active
Size
11,945 SF
Class
C
Property subtype
Street Retail
Zoning
RDD-2
Additional Details
Opportunity Zone
Yes
Amenities
restroom with shower
washer/dryer hookups
Building Details
Building Size
11,945 SF
Year Built
1952
Buildings
1
Stories
2
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
(386) 295-5723
Listed By:
John Trost · License ##BK-0160420
(386) 295-5723
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 2:57PM
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 SVN | Alliance Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This two-story mixed-use building contains 11,945 SF of space in a commercial configuration suited to multiple use formats. The 5,945-SF first floor provides retail or showroom area with expansive storefront glazing, display zones, and meeting areas. The 6,000-SF second floor includes a restroom with shower and washer/dryer hookups, supporting office, studio, or residential conversion concepts.
The property fronts International Speedway Boulevard in Downtown Daytona Beach, one block from the Halifax River and near Beach Street shops, dining, and the Halifax River Esplanade. On-street and city parking are available nearby. RDD-2 zoning permits retail, office, hospitality, and residential uses, and the property is situated within an Opportunity Zone.
The property fronts International Speedway Boulevard in Downtown Daytona Beach, one block from the Halifax River and near Beach Street shops, dining, and the Halifax River Esplanade. On-street and city parking are available nearby. RDD-2 zoning permits retail, office, hospitality, and residential uses, and the property is situated within an Opportunity Zone.
Key Highlights
- 11,945 SF two‑story mixed‑use building constructed in 1952
- 5,945 SF first‑floor retail/showroom area with large storefront glass
- 6,000 SF second floor with restroom, shower, and washer/dryer hookups
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
$112,504
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
7.50%
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%
$2,250,080
$2.3M
Cap Rate 7%
$1,607,200
$1.6M
Cap Rate 9%
$1,250,044
$1.3M
Market Conditions
NOI Build-Up for 11,945 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
$179.2K $15.00/SF
− Vacancy
−$18.5K −$1.55/SF
EGI
$160.7K $13.46/SF
− OpEx
−$48.2K −$4.04/SF
NOI
$112.5K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /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%
$2,250,080
Cap Rate 7%
$1,607,200
Cap Rate 9%
$1,250,044
Alternative Uses
Best Use
Mixed Use
$2.11M
$1.84M – $2.46M
NOI $147,551 @ 7.0% cap · market cap 9.84%
Second Best
Retail
$1.61M
$1.41M – $1.88M
NOI $112,504 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$3.52M
$3.08M – $4.11M
NOI $246,545 @ 7.0% cap · market cap 16.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,693
Businesses Nearby
80k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 26%
Wawa
Shops & Services
41,181 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
12,229 visits/mo
0.2 miles
Sunoco
Shops & Services
6,671 visits/mo
0.5 miles
Burger King
Dining
5,628 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,566 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial layout with storefront exposure, upper-level conversion potential, and RDD-2 zoning.
Where is this mixed-use property located?
The property is located at 121 & 125 W International Speedway Blvd Daytona Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 11,945 SF two‑story mixed‑use building constructed in 1952; 5,945 SF first‑floor retail/showroom area with large storefront glass; 6,000 SF second floor with restroom, shower, and washer/dryer hookups
