Dock High Warehouse
For Sale
$1,749,000
1640 Segrave St, Daytona Beach, FL 32119
Available dock high warehouse space in central South Daytona location.
Property Size12,000 SF
Price / SF$145.75
Days on Market274
Property Features for 1640 Segrave St
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Industrial
Building Details
Building Size
12,000 SF
Year Built
1972
Listing Agency:
(386) 566-3726
Listed By:
Carl W. Lentz IV, MBA, CCIM · License #FL #BK3068067
(386) 566-3726
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 21
Last Checked: Aug 22 at 3:54AM
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 Carl W. Lentz IV, MBA, CCIM
Investment Insights
Based on property information with market context.
This dock high warehouse space is available immediately for occupancy. The concrete block building features 14' clear inside ceiling height. There are two 6,000 SF spaces that are adjacent and can be occupied separately or together for a total of 12,000 SF. The property includes four 10' roll-up doors on the front and two on the rear. Light Industrial Zoning in South Daytona provides for many uses. The property is centrally located just south of Beville Road on Segrave Street in South Daytona, one block west of US-1. It is 4.1 miles (9 minutes) to I-4 & I-95. The property features a small office space on both sides of the building. It is located in a mature industrial area. The property has a new roof and HVAC system installed in the past 3 years. It features 3-phase power throughout, 2 electric meters, and 1 water meter.
Key Highlights
- Dock High warehouse space available immediately.
- Excellent central location near Beville Road, I‑4, I‑95, and US‑1.
- Light Industrial (LI) zoning allows for many uses.
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
$96,512
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
5.52%
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%
$1,930,240
$1.9M
Cap Rate 7%
$1,378,743
$1.4M
Cap Rate 9%
$1,072,356
$1.1M
Market Conditions
NOI Build-Up for 12,000 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
$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 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%
$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
NOI $96,512 @ 7.0% cap · market cap 5.52%
Second Best
Industrial
$1.02M
$893.0K – $1.19M
NOI $71,442 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$3.54M
$3.10M – $4.13M
NOI $247,680 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Available dock high warehouse space in central South Daytona location.
Where is this warehouse located?
The property is located at 1640 Segrave St Daytona Beach, 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: Dock High warehouse space available immediately.; Excellent central location near Beville Road, I‑4, I‑95, and US‑1.; Light Industrial (LI) zoning allows for many uses.
