Beachside Office
New
For Sale
$874,000
150 Dundee Road, Daytona Beach, FL 32118
Commercial Sale, Daytona Beach, FL
Property Size2,340 SF
Lot Size0.28 Acres
Price / SF$373.50
Days on Market3
Property Features for 150 Dundee Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Lot features
Few Trees
Directions
From Dunlawton Ave. Turn Left Onto South Atlantic Ave., Approximately 3 Miles Turn Left Onto Dundee Rd. Building Is On The Left.
Subdivision
13 - Beachside, N of Dunlawton & S Silver
Standard status
Active
APN
5322-01-00-0253
Size
2,340 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 120 FT OF E 235 FT MEAS ON N/L OF LOT 25 W OF ATLANTIC AVE C N MORRIS SUB PER OR 3582 PG 0362
Tax Annual Amount
6195
Legal Description
W 120 FT OF E 235 FT MEAS ON N/L OF LOT 25 W OF ATLANTIC AVE C N MORRIS SUB PER OR 3582 PG 0362
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Number of units
1
Flooring type
Carpet, Laminate
Building materials
Brick, Concrete
Roof type
Shingle
Listing Agency:
TJW Management Co., Inc.
(386) 788-4546
Listed By:
Mary Bruno
(321) 438-6863
Added: Sep 20
Changed: Sep 22
Last Checked: Sep 22 at 1:06PM
MLS# 1231047
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,340-square-foot office building was constructed in 1980 with brick and concrete materials. The interior includes carpet and laminate flooring, three bathrooms, central heating, central air, electric systems, and ceiling fans. Public water and septic service support the property, which is covered by a shingle roof.
The 0.28-acre parcel is positioned one block from the beach and includes ample parking. GC-1 zoning supports a range of potential commercial applications, including professional office, medical office, retail, convenience retail, banking, and restaurant uses, subject to applicable zoning and permitting requirements.
The 0.28-acre parcel is positioned one block from the beach and includes ample parking. GC-1 zoning supports a range of potential commercial applications, including professional office, medical office, retail, convenience retail, banking, and restaurant uses, subject to applicable zoning and permitting requirements.
Key Highlights
- 2,340‑square‑foot office building on a 0.28‑acre parcel
- GC‑1 zoning supports multiple commercial use possibilities, subject to approvals
- One block from the beach
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
$35,065
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
4.01%
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%
$701,300
$701.3K
Cap Rate 7%
$500,929
$500.9K
Cap Rate 9%
$389,611
$389.6K
Market Conditions
NOI Build-Up for 2,340 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
$50.5K $21.60/SF
− Vacancy
−$3.8K −$1.62/SF
EGI
$46.8K $19.98/SF
− OpEx
−$11.7K −$5.00/SF
NOI
$35.1K $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%
$701,300
Cap Rate 7%
$500,929
Cap Rate 9%
$389,611
Alternative Uses
Best Use
Office B
$500.9K
$438.3K – $584.4K
NOI $35,065 @ 7.0% cap · market cap 4.01%
Second Best
Healthcare Medical
$486.3K
$425.5K – $567.4K
NOI $34,041 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$690.0K
$603.7K – $805.0K
NOI $48,298 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - GC-1-zoned commercial property with parking and flexible office, retail, medical, and other potential uses subject to approvals.
Where is this office building located?
The property is located at 150 Dundee Road Daytona Beach, FL.
What is the asking price?
The asking price for this property is $874,000.
What are key features of this property?
This property features: 2,340‑square‑foot office building on a 0.28‑acre parcel; GC‑1 zoning supports multiple commercial use possibilities, subject to approvals; One block from the beach
