405 N Charles Street Daytona Beach, FL 32114
Multi-bay warehouse with office buildout, nine grade-level loading doors, and direct frontage for convenient access.
- Added:
- Jul 7, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 8 at 3:11 am
Property Features for 405 N Charles Street
General Information
- Standard status
- Active
- Size
- 37,125 SF
- Lot size
- 3.45 Acres
Listing office APEX Capital Realty LLC (561) 542-3704
Listing date Jul 7, 2026
Source Laerrealty
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 APEX Capital Realty LLC
Investment Insights
Based on property information with market context.
The warehouse provides direct frontage along George W Engram Blvd/Fairview Ave, supporting straightforward access to surrounding commercial corridors as described in the offering. The multi-tenant setup also includes lease activity, with three leases rolling within 12 months.
As a for-sale investment, the asset generates approximately $221,000 in NOI and is described as offering value-add through opportunities related to in-place rents and upcoming lease expirations. The offering also references projected stabilization at approximately $11.50/SF NNN and a 10.59% cap rate. For tenant and buyer consideration, the combination of multiple warehouse bays, high clear height, and grade-level loading may support a range of industrial uses that can utilize centralized dock-to-bay operations while maintaining an on-site office component.
Key Highlights
- 37,125 SF multi‑bay warehouse on a 3.45‑acre lot in Daytona Beach
- Direct frontage along George W Engram Blvd/Fairview Ave for convenient access to commercial corridors
- Five bays with nine grade‑level loading doors and 16’ clear heights
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $369.8k | $9.96 |
| − Vacancy | −$18.5k | −$0.50 |
| EGI | $351.3k | $9.46 |
| − OpEx | −$52.7k | −$1.42 |
| NOI | $298.6k | $8.04 |
Alternative Uses
Property Analytics
Current Use by Public Records
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