Mixed-Use Redevelopment
For Sale
Contact for pricing
1700 W International Speedway Blvd, Daytona Beach, FL 32114
End-cap property with an existing building and conceptual plans for hospitality, multifamily, automotive storage, and self-storage components.
Property Size156,000 SF
Lot Size13.27 Acres
Price / SF$126.60
Days on Market9
Property Features for 1700 W International Speedway Blvd
General Information
Standard status
Active
Size
156,000 SF
Lot size
13.27 Acres
Property subtype
Multifamily, Hospitality, Mixed Use
Investment Type
Redevelopment
Site & Location
End Cap
Yes
Highway Access
Yes
Building Details
Buildings
1
Listing Agency:
Marcus & Millichap - Orlando
(407) 620-2416
Listed By:
Salim Valiani · License #FL 3105421
Source:
Crexi
Added: Aug 14
Changed: Aug 18
Last Checked: Aug 22 at 2:47PM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
The property comprises an existing 156,000 SF building positioned as an end cap of Volusia Mall on a 13.27-acre site. Conceptual redevelopment plans outline a mixed-use project with three hotel pads totaling 332 rooms, two multifamily buildings totaling 120 rooms, a luxury automotive garage facility, and climate-controlled self-storage.
Located at 1700 W International Speedway Blvd in Daytona Beach, the site is adjacent to Volusia Mall and directly across from Daytona International Speedway. The property is also near Daytona Beach International Airport and provides proximity to I-95 and I-4. Its existing commercial structure, large land area, and conceptual redevelopment program support evaluation of multiple proposed components within one mixed-use plan.
Located at 1700 W International Speedway Blvd in Daytona Beach, the site is adjacent to Volusia Mall and directly across from Daytona International Speedway. The property is also near Daytona Beach International Airport and provides proximity to I-95 and I-4. Its existing commercial structure, large land area, and conceptual redevelopment program support evaluation of multiple proposed components within one mixed-use plan.
Key Highlights
- 156,000 SF existing building on 13.27 acres
- End‑cap position adjacent to Volusia Mall
- Directly across from Daytona International Speedway
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
$1,469,286
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
7.44%
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%
$29,385,720
$29.4M
Cap Rate 7%
$20,989,800
$21.0M
Cap Rate 9%
$16,325,400
$16.3M
Market Conditions
NOI Build-Up for 156,000 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
$2.34M $15.00/SF
− Vacancy
−$241.0K −$1.55/SF
EGI
$2.10M $13.46/SF
− OpEx
−$629.7K −$4.04/SF
NOI
$1.47M $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$29,385,720
Cap Rate 7%
$20,989,800
Cap Rate 9%
$16,325,400
Alternative Uses
Best Use
Mixed Use
$27.53M
$24.09M – $32.12M
NOI $1,926,990 @ 7.0% cap · market cap 9.76%
Second Best
Retail
$20.99M
$18.37M – $24.49M
NOI $1,469,286 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$46.00M
$40.25M – $53.66M
NOI $3,219,840 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,243
Businesses Nearby
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - End-cap property with an existing building and conceptual plans for hospitality, multifamily, automotive storage, and self-storage components.
Where is this mixed-use property located?
The property is located at 1700 W International Speedway Blvd Daytona Beach, FL.
What is the asking price?
The asking price for this property is $19,750,000.
What are key features of this property?
This property features: 156,000 SF existing building on 13.27 acres; End‑cap position adjacent to Volusia Mall; Directly across from Daytona International Speedway
