Automotive Service Shop with River
For Sale
$900,000
705 N Beach Street N, Daytona Beach, FL 32114
An established repair facility combines multi-bay service space with waterfront access to the Halifax River.
Property Size4,018 SF
Lot Size0.75 Acres
Price / SF$223.99
Days on Market936
Property Features for 705 N Beach Street N
General Information
Standard status
Active
Size
4,018 SF
Lot size
0.75 Acres
Property subtype
Business
Automotive
Service Bays
3
Automotive Uses
auto repair
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$4,607
Amenities
waterfront
Building Details
Building Size
4,018 SF
Year Built
1948
Listing Agency:
Coldwell Banker Commercial Benchmark
Listed By:
Darrel Bofamy · License #3206656
(386) 795-7060
Source:
Marlinrealtygroup
Added: Apr 8, 2024
Changed: Oct 29
Last Checked: Oct 29 at 2:48PM
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 Coldwell Banker Commercial Benchmark
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Investment Insights
Based on property information with market context.
This 4,018-square-foot automotive service property includes three large bays and five lifts. The existing layout also features multiple roll-up-door bays and parking on the north side. The building dates to 1948, and the site encompasses three-quarters of an acre.
The property has 148 linear feet of waterfront with access to the Halifax River, part of the Intracoastal Waterway. It is located at 705 N Beach Street N in Daytona Beach, within the city’s Community Redevelopment Area. The owner will consider a lease of the business and building.
The property has 148 linear feet of waterfront with access to the Halifax River, part of the Intracoastal Waterway. It is located at 705 N Beach Street N in Daytona Beach, within the city’s Community Redevelopment Area. The owner will consider a lease of the business and building.
Key Highlights
- 4,018 square feet on a 3/4‑acre site
- Three large service bays and five lifts
- 148 linear ft of waterfront with access to the Halifax River
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,844
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,880
$756.9K
Cap Rate 7%
$540,629
$540.6K
Cap Rate 9%
$420,489
$420.5K
Market Conditions
NOI Build-Up for 4,018 SF
Gross rent
$60.3K $15.00/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$54.1K $13.46/SF
− OpEx
−$16.2K −$4.04/SF
NOI
$37.8K $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 Rate 5%
$756,880
Cap Rate 7%
$540,629
Cap Rate 9%
$420,489
Alternative Uses
Best Use
Retail
$540.6K
$473.1K – $630.7K
NOI $37,844 @ 7.0% cap · market cap 4.20%
Second Best
Industrial
$341.7K
$299.0K – $398.7K
NOI $23,921 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,932 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 46%
Hotels & Casinos 1%
Chart House
Dining
5,830 visits/mo
0.2 miles
7-Eleven
Shops & Services
3,479 visits/mo
0.1 miles
7-Eleven
Shops & Services
3,292 visits/mo
0.4 miles
Budget Inn
Hotels & Casinos
73 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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- Sunblockers — 555 Orange Ave, Daytona Beach, FL 32114
- Daytona Beach Mobile Mechanic — 301 Marion St, Daytona Beach, FL 32114
Frequently Asked Questions
What type of property is this?
Auto shop - An established repair facility combines multi-bay service space with waterfront access to the Halifax River.
Where is this auto shop located?
The property is located at 705 N Beach Street N Daytona Beach, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,018 square feet on a 3/4‑acre site; Three large service bays and five lifts; 148 linear ft of waterfront with access to the Halifax River
