Mixed-Use
For Sale
$249,900
241 S Franklin Street, Daytona Beach, FL 32114
RDM 5 zoning allows residential, multifamily, and various business uses, subject to city requirements.
Property Size1,310 SF
Price / SF$190.76
Days on Market464
Property Features for 241 S Franklin Street
General Information
Standard status
Active
Size
1,310 SF
Property subtype
Mixed Use
Zoning
RDM 5
Taxes and HOA fees
Annual Taxes
$1,534
Building Details
Building Size
1,310 SF
Year Built
1939
Listing Agency:
Home Wise Realty Group Inc
Listed By:
Janet Stewart · License #0570767
(386) 295-5946
Source:
Coastalventures
Added: Jul 21, 2025
Changed: Oct 26
Last Checked: Oct 26 at 3:14PM
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 Home Wise Realty Group Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property was built in 1939 and is offered in its current condition. The city allows residential, multifamily, and various business uses at the property under RDM 5 zoning.
Key Highlights
- RDM 5 zoning
- City allows residential, multifamily, and various business uses
- Built in 1939
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,182
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,640
$323.6K
Cap Rate 7%
$231,171
$231.2K
Cap Rate 9%
$179,800
$179.8K
Market Conditions
NOI Build-Up for 1,310 SF
Gross rent
$28.3K $21.60/SF
− Vacancy
−$2.4K −$1.84/SF
EGI
$25.9K $19.76/SF
− OpEx
−$9.7K −$7.41/SF
NOI
$16.2K $12.35/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,640
Cap Rate 7%
$231,171
Cap Rate 9%
$179,800
Alternative Uses
Best Use
Mixed Use
$231.2K
$202.3K – $269.7K
NOI $16,182 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$386.3K
$338.0K – $450.6K
NOI $27,038 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
940
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Mixed-use property - RDM 5 zoning allows residential, multifamily, and various business uses, subject to city requirements.
Where is this mixed-use property located?
The property is located at 241 S Franklin Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: RDM 5 zoning; City allows residential, multifamily, and various business uses; Built in 1939
