1604 Illinois Street, Daytona Beach, FL 32114
Highly visible commercial property in Daytona Beach, M1 zoning.
- 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
Listing office Oceans Luxury Realty Full Service LLC (386) 682-8800
Listing date Jul 1, 2024
Source Exitrealty
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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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0657
- Latitude
- 29.2118