Downtown Daytona Beach Retail/Office
For Sale
Contact for pricing
148 S Beach St, Daytona Beach, FL 32114
Two-story building in the heart of Daytona Beach's retail corridor.
Property Size5,210 SF
Price / SF$153.55
Days on Market371
Property Features for 148 S Beach St
General Information
Standard status
Active
Size
5,210 SF
Property subtype
RETAIL
Listing Agency:
NAI Realvest | Daytona Beach
(386) 337-4433
Listed By:
Brad Gifford · License #02222365
(386) 337-4433
Source:
Moodyscre
Added: Aug 8, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:54AM
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 NAI Realvest | Daytona Beach
Investment Insights
Based on property information with market context.
This two-story building offers 5,210± square feet of space. The first floor features retail space with direct frontage on Beach Street. The second floor provides move-in ready professional office space. Situated in the main retail corridor of Downtown Daytona Beach, the property benefits from ample foot traffic and is surrounded by restaurants and retail establishments. It is located adjacent to Tom Cook Jewelry and near the Angell & Phelps Chocolate Factory. The location is one block from International Speedway Blvd and within walking distance of the Volusia County Courthouse Annex. The property is in the Historic Downtown Daytona Beach District, across the street from Riverfront Park, City Island, and the Halifax River. Traffic counts in the area reach 9,250 AADT.
Key Highlights
- Prime location in the main retail corridor of Downtown Daytona Beach with high foot traffic.
- Two‑story building offering both retail and professional office space.
- Direct frontage on Beach Street.
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
$49,070
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
6.13%
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%
$981,400
$981.4K
Cap Rate 7%
$701,000
$701.0K
Cap Rate 9%
$545,222
$545.2K
Market Conditions
NOI Build-Up for 5,210 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
$78.2K $15.00/SF
− Vacancy
−$8.0K −$1.55/SF
EGI
$70.1K $13.46/SF
− OpEx
−$21.0K −$4.04/SF
NOI
$49.1K $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%
$981,400
Cap Rate 7%
$701,000
Cap Rate 9%
$545,222
Alternative Uses
Best Use
Office B
$1.12M
$975.9K – $1.30M
NOI $78,072 @ 7.0% cap · market cap 9.76%
Second Best
Retail
$701.0K
$613.4K – $817.8K
NOI $49,070 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.54M
$1.34M – $1.79M
NOI $107,534 @ 7.0% cap · market cap 13.44%
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
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
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Frequently Asked Questions
What type of property is this?
Retail space - Two-story building in the heart of Daytona Beach's retail corridor.
Where is this retail space located?
The property is located at 148 S Beach St Daytona Beach, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Prime location in the main retail corridor of Downtown Daytona Beach with high foot traffic.; Two‑story building offering both retail and professional office space.; Direct frontage on Beach Street.
