Mixed-Use Property with
For Sale
$739,500
162 S PENINSULA, Daytona Beach, FL 32118
Leased building combines ground-floor commercial space with two upper-level one-bedroom apartments.
Property Size3,264 SF
Price / SF$453.13
Days on Market161
Property Features for 162 S PENINSULA
General Information
Standard status
Active
Size
3,264 SF
Property subtype
Investment
Occupancy
100%
Additional Details
Floor
First Floor
Public Transit
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$5,543
Building Details
Building Size
3,264 SF
Year Built
1983
Buildings
1
Tenancy
Single
Listing Agency:
RE/MAX Select Professionals
Listed By:
Jeremie Harris
(386) 283-0741
Source:
Elliman
Added: May 9
Changed: Oct 12
Last Checked: Oct 15 at 1:53AM
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 RE/MAX Select Professionals
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Investment Insights
Based on property information with market context.
This mixed-use building places a commercial suite on the ground floor beneath two residential units. The commercial component measures 1,632 square feet and includes eight bay offices, three bathrooms, a reception area, waiting room, laundry room, and kitchen. Each upstairs apartment contains 800 square feet with one bedroom, one bathroom, a full kitchen, and living and dining areas.
The property occupies one parcel and includes a recently combined parcel to the north. A front parking lot serves the building, while a fenced outdoor common area provides access to the apartments. Recent work includes polished concrete flooring in the commercial area, exterior paint, gutters, a roof, two HVAC systems, and a new fence. Engineered parking-lot plans are included. The property is fully leased and located at 162 S PENINSULA Dr in Daytona Beach, Florida.
The property occupies one parcel and includes a recently combined parcel to the north. A front parking lot serves the building, while a fenced outdoor common area provides access to the apartments. Recent work includes polished concrete flooring in the commercial area, exterior paint, gutters, a roof, two HVAC systems, and a new fence. Engineered parking-lot plans are included. The property is fully leased and located at 162 S PENINSULA Dr in Daytona Beach, Florida.
Key Highlights
- 1,632‑square‑foot commercial suite with 8 bay offices
- Two 800‑square‑foot apartments, each with 1 bedroom and 1 bathroom
- Commercial area includes 3 bathrooms, laundry room, kitchen, reception area, and waiting room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,456
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,120
$489.1K
Cap Rate 7%
$349,371
$349.4K
Cap Rate 9%
$271,733
$271.7K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$35.3K $21.60/SF
− Vacancy
−$2.6K −$1.62/SF
EGI
$32.6K $19.98/SF
− OpEx
−$8.2K −$5.00/SF
NOI
$24.5K $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 Rate 5%
$489,120
Cap Rate 7%
$349,371
Cap Rate 9%
$271,733
Alternative Uses
Best Use
Office B
$349.4K
$305.7K – $407.6K
NOI $24,456 @ 7.0% cap · market cap 3.31%
Second Best
Mixed Use
$288.0K
$252.0K – $336.0K
NOI $20,159 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$481.2K
$421.1K – $561.4K
NOI $33,684 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
757
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Leased building combines ground-floor commercial space with two upper-level one-bedroom apartments.
Where is this mixed-use property located?
The property is located at 162 S PENINSULA Daytona Beach, FL.
What is the asking price?
The asking price for this property is $739,500.
What are key features of this property?
This property features: 1,632‑square‑foot commercial suite with 8 bay offices; Two 800‑square‑foot apartments, each with 1 bedroom and 1 bathroom; Commercial area includes 3 bathrooms, laundry room, kitchen, reception area, and waiting room
