Industrial Warehouse with Outside
For Sale
Contact for pricing
3624 West International Speedway Boulevard, Daytona Beach, FL 32124
Fenced, gated industrial property with dual-road access, loading facilities, and outside storage.
Property Size6,700 SF
Lot Size2.70 Acres
Price / SF$276.12
Days on Market12
Property Features for 3624 West International Speedway Boulevard
General Information
Standard status
Active
Size
6,700 SF
Class
C
Lot size
2.70 Acres
Property subtype
Industrial
Zoning
I-1
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Office Build-Out
750 SF
Heavy Power
Yes
Building Details
Year Built
1988
Buildings
1
Building Size
6,700 SF
Listing Agency:
Coldwell Banker Commercial Benchmark Ormond Beach
(678) 898-2721
Listed By:
Kayden Schaper · License #SL3395637
Source:
Crexi
Added: Jul 31
Changed: Aug 10
Last Checked: Aug 11 at 7:08AM
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 Coldwell Banker Commercial Benchmark Ormond Beach
Investment Insights
Based on property information with market context.
The property at 3624 West International Speedway Boulevard includes an approximately 6,700-square-foot industrial building on four parcels totaling approximately 2.7 acres. The fully fenced and gated site supports industrial outside storage and includes both dock-high and grade-level loading. Approximately 750 square feet is configured as office space, with a new HVAC system, newer roof coating with warranty, and an existing air compressor. Heavy power is also in place.
Access is available from West International Speedway Boulevard and Old DeLand Road, providing two points of entry for truck and vehicle circulation. The property offers connectivity to Interstate 4 and Interstate 95. Outside-storage areas are leased on month-to-month terms, while the building has been maintained by the same owner for over 40 years. Constructed in 1988, the property is zoned I-1.
Access is available from West International Speedway Boulevard and Old DeLand Road, providing two points of entry for truck and vehicle circulation. The property offers connectivity to Interstate 4 and Interstate 95. Outside-storage areas are leased on month-to-month terms, while the building has been maintained by the same owner for over 40 years. Constructed in 1988, the property is zoned I-1.
Key Highlights
- Approximately 6,700‑square‑foot industrial building on four parcels totaling approximately 2.7 acres
- Fully fenced and gated site with industrial outside storage
- Access from West International Speedway Boulevard and Old DeLand Road
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
$100,400
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
5.43%
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%
$2,008,000
$2.0M
Cap Rate 7%
$1,434,286
$1.4M
Cap Rate 9%
$1,115,556
$1.1M
Market Conditions
NOI Build-Up for 6,700 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
$144.7K $21.60/SF
− Vacancy
−$10.9K −$1.62/SF
EGI
$133.9K $19.98/SF
− OpEx
−$33.5K −$5.00/SF
NOI
$100.4K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$2,008,000
Cap Rate 7%
$1,434,286
Cap Rate 9%
$1,115,556
Alternative Uses
Best Use
Office B
$1.43M
$1.26M – $1.67M
NOI $100,400 @ 7.0% cap · market cap 5.43%
Second Best
Flex RnD
$1.08M
$944.4K – $1.26M
NOI $75,552 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$1.98M
$1.73M – $2.30M
NOI $138,288 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32124, FL
8,793
Population
3,483
Households
2.5
Avg Household Size
45
Median Age
33%
College-Educated
91%
High-School Grad
61.4 sq mi
ZIP Area
143
Density / Sq Mi
$89,842
Median Household Income
$50,136
Median Earnings
$1,676
Median Rent
$434,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Fenced, gated industrial property with dual-road access, loading facilities, and outside storage.
Where is this warehouse located?
The property is located at 3624 West International Speedway Boulevard Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Approximately 6,700‑square‑foot industrial building on four parcels totaling approximately 2.7 acres; Fully fenced and gated site with industrial outside storage; Access from West International Speedway Boulevard and Old DeLand Road
