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    Daytona Beach Commercial Property Title is generated by Realmo AI

    1604 Illinois Street, Daytona Beach, FL 32114

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    For Sale
    $289,999

    Highly visible commercial property in Daytona Beach, M1 zoning.

    Type:Commercial/Industrial
    Property size:
    1,519 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $190/SF
    Added:
    Jul 1, 2024
    Days on Market:
    729
    Last Refresh:
    May 19 at 9:55 pm

    Property Features for 1604 Illinois Street

    General Information

    Standard status
    Active
    Size
    1,519 SF
    Lot size
    0.34 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2006

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    Carlos Ring

    Listing office Oceans Luxury Realty Full Service LLC

    Listing date Jul 1, 2024

    Source Exitrealty

    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 Oceans Luxury Realty Full Service LLC

    HighLights

    • Highly visible commercial property in the heart of Daytona Beach, steps from the hospital
    • M1 zoning allows for a wide range of business operations
    • Outstanding exposure, easy access, and consistent traffic
    • Lot size approximately 100 feet deep by 150 feet wide
    • Strategically located near the hospital and surrounding out‑parcel developments
    • Built in 2006

    Overview

    This commercial property is located in Daytona Beach, steps from the hospital and surrounding out-parcel developments. The site benefits from high visibility, easy access, and consistent traffic. Zoned M1 (Multi-Use Industrial), the property allows for a range of business operations, including auto-related services, garages, light industrial operations, offices, showrooms, warehouses, and strip-style commercial development. The lot measures approximately 100 feet deep by 150 feet wide, providing space for development, parking, and operational efficiency. The property cannot be converted to residential use after sale, ensuring its long-term commercial value. The property size is 1519 square feet.

    Local Financial Insights For Flex RnD

    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 $28.8k $18.96
    − Vacancy −$2.4k −$1.61
    EGI $26.4k $17.35
    − OpEx −$9.2k −$6.07
    NOI $17.1k $11.28
    1,519 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $244.7K
    $214.1K – $285.5K (±1% cap)
    NOI $17,129 @ 7.0% cap · market cap 5.91%
    Second Best
    Retail
    $204.4K
    $178.8K – $238.5K (±1% cap)
    NOI $14,307 @ 7.0% cap · market cap 4.93%
    Theoretical Best
    Office A
    $447.9K
    $391.9K – $522.5K (±1% cap)
    NOI $31,352 @ 7.0% cap · market cap 10.81%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0657
    Latitude
    29.2118

    FAQs

    What type of property is this?
    Commercial land - Highly visible commercial property in Daytona Beach, M1 zoning.
    Where is this commercial land located?
    The property is located at 1604 Illinois Street Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $289,999.
    What are key features of this property?
    This property features: Highly visible commercial property in the heart of Daytona Beach, steps from the hospital; M1 zoning allows for a wide range of business operations; Outstanding exposure, easy access, and consistent traffic
    More about this property
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