Flex Space with Office and
For Sale
$239,000
925 Beville Road, South Daytona, FL 32119
Vacant flex unit combining air-conditioned office space with high-ceiling warehouse functionality.
Property Size1,250 SF
Price / SF$191.20
Days on Market2321
Property Features for 925 Beville Road
General Information
Standard status
Active
Size
1,250 SF
Property subtype
General Commercial
Warehouse & Industrial
Warehouse Space
625 SF
Office Build-Out
625 SF
Drive-In Doors
1
Additional Details
HOA Fee
$200
Highway Access
Yes
Office Units
1
Amenities
3
Concrete, Asphalt
2 Parking Spaces.
Sidewalks. Curbs Walk, US Highway, Asphalt.
Building Details
Year Built
2006
Stories
1
Tenancy
Multi
Owner Occupied
No
Listing Agency:
Kincaid Realty Inc.
(386) 846-0049
Listed By:
Roger Kincaid · License #3027673
(386) 846-0049
Source:
Xome
Added: Apr 25, 2020
Changed: Aug 31
Last Checked: Sep 1 at 5:01PM
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 Kincaid Realty Inc.
Investment Insights
Based on property information with market context.
This 1,250-square-foot flex unit at Twin Fountains Business Center combines a finished office component with dedicated warehouse space. Approximately 625 square feet is air-conditioned and arranged with two offices, a meeting area, a small kitchen, and a bathroom. The remaining 625 square feet provides high-ceiling storage or work space with access through a large roll-up door and a glass storefront. Built in 2006, the unit is vacant and ready for occupancy.
The property is located at 925 Beville Road in South Daytona, approximately 3 miles from I-4 and I-95. The 13-suite business center includes a mix of local businesses, including auto tags, a laundromat, a nail salon, and a medical center. Colleges and malls are also noted nearby, and the site includes two parking spaces.
The property is located at 925 Beville Road in South Daytona, approximately 3 miles from I-4 and I-95. The 13-suite business center includes a mix of local businesses, including auto tags, a laundromat, a nail salon, and a medical center. Colleges and malls are also noted nearby, and the site includes two parking spaces.
Key Highlights
- 1,250 total square feet divided between office and warehouse areas
- Approximately 625 square feet of air‑conditioned office space
- Two offices, meeting area, small kitchen, and bathroom
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
$18,731
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
7.84%
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%
$374,620
$374.6K
Cap Rate 7%
$267,586
$267.6K
Cap Rate 9%
$208,122
$208.1K
Market Conditions
NOI Build-Up for 1,250 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
$27.0K $21.60/SF
− Vacancy
−$2.0K −$1.62/SF
EGI
$25.0K $19.98/SF
− OpEx
−$6.2K −$5.00/SF
NOI
$18.7K $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%
$374,620
Cap Rate 7%
$267,586
Cap Rate 9%
$208,122
Alternative Uses
Best Use
Office B
$267.6K
$234.1K – $312.2K
NOI $18,731 @ 7.0% cap · market cap 7.84%
Second Best
Flex RnD
$201.4K
$176.2K – $234.9K
NOI $14,096 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$368.6K
$322.5K – $430.0K
NOI $25,800 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32119, FL
22,498
Population
12,629
Households
1.8
Avg Household Size
50
Median Age
27%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,884
Density / Sq Mi
$53,795
Median Household Income
$37,675
Median Earnings
$1,371
Median Rent
$215,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Cravings To Go — 933 Beville Rd Unit 102C, South Daytona, FL 32119
Frequently Asked Questions
What type of property is this?
Flex space - Vacant flex unit combining air-conditioned office space with high-ceiling warehouse functionality.
Where is this flex space located?
The property is located at 925 Beville Road South Daytona, FL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1,250 total square feet divided between office and warehouse areas; Approximately 625 square feet of air‑conditioned office space; Two offices, meeting area, small kitchen, and bathroom
