Mixed-Use Property with
For Sale
$744,900
162 S PENINSULA Dr, Daytona Beach, FL 32118
Leased building combines ground-floor commercial space with two upper-level one-bedroom apartments.
Property Size3,264 SF
Price / SF$456.43
Days on Market114
Property Features for 162 S PENINSULA Dr
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
(386) 283-0741
Listed By:
Jeremie Purdy · License #3338607
(386) 283-0741
Source:
Elliman
Added: May 9
Changed: Aug 30
Last Checked: Aug 30 at 11:48AM
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
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 = 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
$24,456
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
3.28%
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%
$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
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
$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 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%
$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 3.28%
Second Best
Mixed Use
$288.0K
$252.0K – $336.0K
NOI $20,159 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$481.2K
$421.1K – $561.4K
NOI $33,684 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 Dr Daytona Beach, FL.
What is the asking price?
The asking price for this property is $744,900.
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
