Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1604 Illinois Street Daytona Beach, FL 32114

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $289,999

    Highly visible commercial property in Daytona Beach, M1 zoning.

    Type:Commercial/Industrial
    Property size:
    1,519 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $190/SF
    Added:
    Mar 11, 2026
    Days on Market:
    55
    Last Refresh:
    Apr 5 at 11:57 pm

    Property Features for 1604 Illinois Street

    General Information

    Standard status
    Active
    Size
    1,519 SF
    Lot size
    0.34 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2006

    We can help!

    Listing Contact
    Carlos Ring

    Listing agent Carlos Ring License #3201477

    Listing office Oceans Luxury Realty Full Service LLC

    Listing date Mar 11, 2026

    Source Exitrealty

    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 Oceans Luxury Realty Full Service LLC

    Overview

    Daytona Beach Commercial Property

    This commercial property is located in Daytona Beach, steps from the hospital and surrounding out-parcel developments. The site benefits from high visibility, easy access, and consistent traffic. Zoned M1 (Multi-Use Industrial), the property allows for a range of business operations, including auto-related services, garages, light industrial operations, offices, showrooms, warehouses, and strip-style commercial development. The lot measures approximately 100 feet deep by 150 feet wide, providing space for development, parking, and operational efficiency. The property cannot be converted to residential use after sale, ensuring its long-term commercial value. The property size is 1519 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0657
    Latitude
    29.2118

    Nearby Similar for Sale

    • $880,000
      6,570 SF

      Historic Daytona Beach Mixed-Use Gem

      Two buildings with courtyard, renovated, income potential, flexible zoning.
      219 Magnolia Avenue, Daytona Beach, FL 32114
      View Details
    • $749,999
      5,819 SF

      Daytona Beach Professional Office Building

      High-profile office building in a desirable Daytona Beach location.
      213 Silver Beach Avenue, Daytona Beach, FL 32118
      View Details
    • $1,899,000
      12,600 SF

      Retail Building with Income Potential

      12,600 SF building in Daytona Beach with occupancy options.
      1396 N NOVA ROAD, DAYTONA BEACH, FL 32117
      View Details
    • $399,500
      1,940 SF

      Daytona Beach Restaurant Opportunity

      Established Italian restaurant steps from the ocean in Daytona Beach.
      136 S Atlantic Avenue, Daytona Beach, FL 32118
      View Details
    • $448,370
      3,979 SF

      Daytona Beach Commercial Building

      Freestanding commercial building in high-traffic area near the beach.
      523 N Peninsula Drive, Daytona Beach, FL 32118
      View Details
    • $339,000
      2,060 SF

      Daytona Beach Two-Story Office Building

      Two-story office building in downtown Daytona Beach with historic charm.
      339 S Ridgewood Avenue, Daytona Beach, FL 32114
      View Details
    • $999,999
      6,786 SF

      Daytona Beach Commercial Asset Sales

      Turnkey restaurant and bar opportunity in Daytona Beach, Florida.
      312-318 SEABREEZE Boulevard, Daytona Beach, FL 32118
      View Details
    • $4,250,000
      5,646 SF

      Daytona Beach Commercial Opportunity

      Commercial property with multiple businesses and development potential.
      301 E International Speedway Boulevard, Daytona Beach, FL 32118
      View Details
    • $399,000
      1,388 SF

      Downtown Daytona Beach Commercial Condo

      Commercial condo in downtown Daytona Beach, suitable for professional business.
      111 Magnolia Avenue, Daytona Beach, FL 32114
      View Details
    • $399,000
      2,508 SF

      Daytona Beach Mixed-Use Property

      Mixed-use property in tourist area, owner financing available.
      618 N Wild Olive Avenue W, Daytona Beach, FL 32118
      View Details
    • $420,000
      2,014 SF

      Daytona Beach Mixed-Use Building

      Mixed-use building with yard space and multiple offices.
      116 CENTER STREET, DAYTONA BEACH, FL 32117
      View Details
    • $850,000
      8,237 SF

      Daytona Beach Commercial Property Available

      High-exposure commercial property near Daytona International Speedway.
      936 W International Speedway Boulevard, Daytona Beach, FL 32114
      View Details

    FAQs

    What type of property is this?
    Commercial land - Highly visible commercial property in Daytona Beach, M1 zoning.
    Where is this commercial land located?
    The property is located at 1604 Illinois Street Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $289,999.
    What are key features of this property?
    This property features: Highly visible commercial property in the heart of Daytona Beach, steps from the hospital; M1 zoning allows for a wide range of business operations; Outstanding exposure, easy access, and consistent traffic
    (386) 236-3700
    We can help!
    Listing Contact
    Carlos Ring
    Real Estate License ID: 3201477
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    1604 Illinois Street, Daytona Beach, FL 32114

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!