Daytona Beach Office
For Sale
Contact for pricing
123 Live Oak Ave, Daytona Beach, FL 32114
Versatile office property in the heart of Daytona Beach.
Property Size3,807 SF
Price / SF$261.36
Days on Market193
Property Features for 123 Live Oak Ave
General Information
Standard status
Active
Size
3,807 SF
Class
C
Property subtype
Office
Zoning
RP
Investment Type
Owner/User
Building Details
Year Built
1949
Listing Agency:
Swann Real Estate
(386) 738-3688
Listed By:
J. Todd Swann, CCIM · License #FL
Source:
Crexi
Added: Feb 12
Changed: Aug 15
Last Checked: Aug 23 at 7:39PM
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 Swann Real Estate
Investment Insights
Based on property information with market context.
Located in Daytona Beach, Florida, this office building offers flexible layouts and on-site parking. The property benefits from strong visibility and convenient access to major roads including I-95, U.S. 92, and U.S. 1. It is also near downtown Daytona Beach and local amenities. The 3,807 square foot property is suitable for professional, medical, or creative office use. The location provides access to dining, retail, and entertainment options, and is near the Daytona International Speedway and the Daytona Beach Boardwalk.
Key Highlights
- Prime location in the heart of Daytona Beach with strong visibility and convenient access to major roads (I‑95, U.S. 92 and U.S. 1).
- Versatile office property suitable for owner‑users or investors.
- Flexible layouts ideal for professional, medical, or creative office use.
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
$57,048
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
5.73%
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%
$1,140,960
$1.1M
Cap Rate 7%
$814,971
$815.0K
Cap Rate 9%
$633,867
$633.9K
Market Conditions
NOI Build-Up for 3,807 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
$82.2K $21.60/SF
− Vacancy
−$6.2K −$1.62/SF
EGI
$76.1K $19.98/SF
− OpEx
−$19.0K −$5.00/SF
NOI
$57.0K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,140,960
Cap Rate 7%
$814,971
Cap Rate 9%
$633,867
Alternative Uses
Best Use
Office B
$815.0K
$713.1K – $950.8K
NOI $57,048 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$982.2K – $1.31M
NOI $78,576 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Versatile office property in the heart of Daytona Beach.
Where is this office building located?
The property is located at 123 Live Oak Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Prime location in the heart of Daytona Beach with strong visibility and convenient access to major roads (I‑95, U.S. 92 and U.S. 1).; Versatile office property suitable for owner‑users or investors.; Flexible layouts ideal for professional, medical, or creative office use.
