Historic Mixed-Use
For Sale
Contact for pricing
262 South Beach Street, Daytona Beach, FL 32114
Two-story mixed-use asset with immediate retail income and potential residential conversion on the second floor.
Property Size12,376 SF
Price / SF$145.10
Days on Market112
Property Features for 262 South Beach Street
General Information
Standard status
Active
Size
12,376 SF
Class
B
Property subtype
Business for Sale, Mixed Use, Multifamily
Zoning
Commercial | Downtown Redevelopment Area
Occupancy
100%
Investment Type
Value Add
Building Details
Year Built
1918
Buildings
1
Stories
2
Units
12
Tenancy
Multi
Listing Agency:
JP Capital Solutions
Listed By:
Jason Postill · License #FL BK3337232
Source:
Crexi
Added: May 18
Changed: Sep 4
Last Checked: Sep 3 at 2:33AM
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 JP Capital Solutions
Investment Insights
Based on property information with market context.
Beach Street Mixed-Use is a historic two-story mixed-use property with 12,376 square feet of space. The offering provides immediate retail income and includes a value-add opportunity by converting underutilized second-floor space into income-producing residential units.
The property is located at 262 South Beach Street in the heart of downtown Daytona Beach, Florida.
Designed to support both retail and residential uses, the building’s existing mixed-use configuration allows a buyer to expand residential income potential while maintaining retail revenue.
The property is located at 262 South Beach Street in the heart of downtown Daytona Beach, Florida.
Designed to support both retail and residential uses, the building’s existing mixed-use configuration allows a buyer to expand residential income potential while maintaining retail revenue.
Key Highlights
- Two‑story historic mixed‑use building built in 1918
- 12,376 SF mixed‑use asset at 262 South Beach Street in downtown Daytona Beach, Florida
- Immediate retail income with an underutilized second floor that could be converted to residential units
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
$152,875
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
8.51%
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%
$3,057,500
$3.1M
Cap Rate 7%
$2,183,929
$2.2M
Cap Rate 9%
$1,698,611
$1.7M
Market Conditions
NOI Build-Up for 12,376 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
$267.3K $21.60/SF
− Vacancy
−$22.7K −$1.84/SF
EGI
$244.6K $19.76/SF
− OpEx
−$91.7K −$7.41/SF
NOI
$152.9K $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 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%
$3,057,500
Cap Rate 7%
$2,183,929
Cap Rate 9%
$1,698,611
Alternative Uses
Best Use
Mixed Use
$2.18M
$1.91M – $2.55M
NOI $152,875 @ 7.0% cap · market cap 8.51%
Second Best
Retail
$1.67M
$1.46M – $1.94M
NOI $116,563 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$3.65M
$3.19M – $4.26M
NOI $255,441 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,714
Businesses Nearby
73k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
Wawa
Shops & Services
41,181 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
12,229 visits/mo
0.2 miles
Burger King
Dining
5,628 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,566 visits/mo
0.4 miles
Truist
Shops & Services
3,616 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use asset with immediate retail income and potential residential conversion on the second floor.
Where is this mixed-use property located?
The property is located at 262 South Beach Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,795,777.
What are key features of this property?
This property features: Two‑story historic mixed‑use building built in 1918; 12,376 SF mixed‑use asset at 262 South Beach Street in downtown Daytona Beach, Florida; Immediate retail income with an underutilized second floor that could be converted to residential units
