Industrial Warehouse With
For Sale
$329,900
318 N Segrave Street, Daytona Beach, FL 32114
COMMERCIAL - Daytona Beach, FL
Property Size2,400 SF
Lot Size0.30 Acres
Price / SF$137.46
Days on Market178
Property Features for 318 N Segrave Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Off Street
Security features
Security
Fencing
Chain Link, Fenced
Lot features
Cleared
Directions
International Speedway Blvd west of US-1 go north on Segrave property on west side.
Subdivision
34 - Daytona ISB to Mason, E of 95
Standard status
Active
APN
5338-52-00-0060
Size
2,400 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
38-15-33 LOT 6 G WEAVERS PROPERTY MB 5 PG 36 MB 15 PG 237 OF MASON & COLEMANS DAYTONA DB I PG 151 MB 14 PGS 9-10 PER OR 4765 PG 4591 PER OR 5502 PG 2034 PER OR 6095 PG 3630 PER OR 8108 PG 3925 PER OR 8143 PG 0721 and includes parcel ID 5338 52 00 0070
Tax Annual Amount
1194
Legal Description
38-15-33 LOT 6 G WEAVERS PROPERTY MB 5 PG 36 MB 15 PG 237 OF MASON & COLEMANS DAYTONA DB I PG 151 MB 14 PGS 9-10 PER OR 4765 PG 4591 PER OR 5502 PG 2034 PER OR 6095 PG 3630 PER OR 8108 PG 3925 PER OR 8143 PG 0721 and includes parcel ID 5338 52 00 0070
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1957
Floors in Building
2
Number of units
1
Flooring type
Concrete
Building materials
Metal Siding, Vinyl Siding
Roof type
Metal
Listing Agency:
RE/MAX Signature · RE/MAX International
(386) 673-7001
Listed By:
Greg Antonich · License #0356858
(386) 679-0443
Added: Feb 16
Changed: Aug 4
Last Checked: Aug 13 at 11:06AM
MLS# 1223073
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial warehouse and office building includes a main warehouse with open space and dedicated interior support areas. The property also features approximately 1,250 square feet of additional second-floor storage built out, plus two offices, a break room, storage room, and a bathroom on the lower level. An outdoor work/storage area is provided with a covered concrete pad at the rear, including power.
The site includes a vacant lot adjacent to the north that is fenced and gated, with slide gates across the front and side. Access includes an overhead door on the north and a pedestrian door on the west side, with customer parking out front. The property is described as having three-phase power and is suited for multiple business uses under M-1 zoning.
The overall configuration supports both warehouse operations and office functions, with direct vehicle/maintenance access through the north overhead door and an on-site fenced area for equipment or staging.
The site includes a vacant lot adjacent to the north that is fenced and gated, with slide gates across the front and side. Access includes an overhead door on the north and a pedestrian door on the west side, with customer parking out front. The property is described as having three-phase power and is suited for multiple business uses under M-1 zoning.
The overall configuration supports both warehouse operations and office functions, with direct vehicle/maintenance access through the north overhead door and an on-site fenced area for equipment or staging.
Key Highlights
- 2,400 SF industrial warehouse with 1,250 SF of built‑out second‑floor storage
- Fenced and gated outdoor storage yard includes the vacant lot adjacent to the north
- Three‑phase power, plus a covered rear concrete pad with power
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
$27,064
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
8.20%
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%
$541,280
$541.3K
Cap Rate 7%
$386,629
$386.6K
Cap Rate 9%
$300,711
$300.7K
Market Conditions
NOI Build-Up for 2,400 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
$45.5K $18.96/SF
− Vacancy
−$3.9K −$1.61/SF
EGI
$41.6K $17.35/SF
− OpEx
−$14.6K −$6.07/SF
NOI
$27.1K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
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%
$541,280
Cap Rate 7%
$386,629
Cap Rate 9%
$300,711
Alternative Uses
Best Use
Office B
$513.8K
$449.6K – $599.4K
NOI $35,964 @ 7.0% cap · market cap 10.90%
Second Best
Flex RnD
$386.6K
$338.3K – $451.1K
NOI $27,064 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$707.7K
$619.2K – $825.6K
NOI $49,536 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,725
Businesses Nearby
Balanced
Demand for This Use
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Vreen’s Quality Catering — 240 Doctor M.L.K. Jr Blvd, Daytona Beach, FL 32114
- Saute Kingz By Chef Count Llc — 200 M.L.K. Blvd S, Daytona Beach, FL 32114
Frequently Asked Questions
What type of property is this?
Flex space - Industrial warehouse with built-out second-floor storage, fenced yard, and office space, served by three-phase power.
Where is this flex space located?
The property is located at 318 N Segrave Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 2,400 SF industrial warehouse with 1,250 SF of built‑out second‑floor storage; Fenced and gated outdoor storage yard includes the vacant lot adjacent to the north; Three‑phase power, plus a covered rear concrete pad with power
