Building Details

Construction Concrete Block

Listing Agency: SVN | Alliance Commercial Real Estate Advisors Show Phone

Listed By: Carl W. Lentz IV · License #3068067 Show Phone

Source: Moodyscre

Added: Oct 21 Changed: Oct 26 Last Checked: Oct 26 at 4:23PM

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Investment Insights

Based on property information with market context.

This 12,000-square-foot warehouse in South Daytona has concrete block construction, 14-foot ceilings, dock-high loading, four 10-foot bay doors, and one grade-level door. Small office areas sit on both sides of the building. The property also has three-phase power throughout, two electric meters, and one water meter. Its roof and HVAC system were replaced within the past three years.

The property is in a South Daytona industrial area, one block from US Hwy 1. Beville Road (SR 400) provides a direct connection to I-4. Zoning is Light Industrial (LI) with a South Daytona CRA overlay; the prohibited-use schedule applies.

Key Highlights

• 12,000 square feet of warehouse space
• Four 10‑foot bay doors, plus one grade‑level door
• 14‑foot ceilings and dock‑high loading

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$96,512

Cap Rate

5.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,930,240 $1.9M

Cap Rate 7%

$1,378,743 $1.4M

Cap Rate 9%

$1,072,356 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,000 SF

Gross rent

$119.5K $9.96/SF

− Vacancy

−$6.0K −$0.50/SF

EGI

$113.5K $9.46/SF

− OpEx

−$17.0K −$1.42/SF

NOI

$96.5K $8.04/SF

Area

Volusia County, FL

Vacancy

5.00%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,930,240

Cap Rate 7%

$1,378,743

Cap Rate 9%

$1,072,356

Alternative Uses

Best Use

Warehouse

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,512 @ 7.0% cap · market cap 5.52%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.54M

$3.10M – $4.13M (±1% cap)

NOI $247,680 @ 7.0% cap · market cap 14.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Electrical Service Bakery Auto Parts Store Plumbing Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14 ft

Clear height

4

Dock-high doors

1

Drive-in doors

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

643

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 32119, FL

22,498

Population

12,629

Households

1.8

Avg Household Size

50

Median Age

27%

College-Educated

91%

High-School Grad

7.8 sq mi

ZIP Area

2,884

Density / Sq Mi

$53,795

Median Household Income

$37,675

Median Earnings

$1,371

Median Rent

$215,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Industrial space pairs office areas with dock and grade-level access, three-phase power, and light industrial zoning.

Where is this warehouse located?

The property is located at 1638-1640 S Segrave St South Daytona, FL.

What is the asking price?

The asking price for this property is $1,749,000.

What are key features of this property?

This property features: 12,000 square feet of warehouse space; Four 10‑foot bay doors, plus one grade‑level door; 14‑foot ceilings and dock‑high loading