Multi-Bay Industrial Warehouse with
405 N Charles Street Daytona Beach, FL 32114
405 N Charles Street, Daytona Beach, FL, 32114
$4,100,000
For Sale
$4,100,000
Multi-bay warehouse with office buildout, nine grade-level loading doors, and direct frontage for convenient access.
Property Size37,125 SF
Lot Size3.45 Acres
Price / SF$110.44
Days on Market11
Property Features for 405 N Charles Street
General Information
- Standard status
- Active
- Size
- 37,125 SF
- Lot size
- 3.45 Acres
Listing Agency
APEX Capital Realty LLC
(561) 542-3704
Listed by
Jason Abitbol · License #3354200
(561) 542-3704
Source
Laerrealty
Added: Jul 7 Checked: Jul 17 at 2:51 am
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 APEX Capital Realty LLC
Investment Insights
Based on property information with market context.
This multi-bay industrial asset includes a 37,125-square-foot warehouse on a 3.45-acre lot with approximately 10% office buildout. The facility is configured with five bays and features nine grade-level loading doors, along with 16-foot clear heights. The property is currently 82% occupied with four tenants.
The warehouse provides direct frontage along George W Engram Blvd/Fairview Ave, supporting straightforward access to surrounding commercial corridors as described in the offering. The multi-tenant setup also includes lease activity, with three leases rolling within 12 months.
As a for-sale investment, the asset generates approximately $221,000 in NOI and is described as offering value-add through opportunities related to in-place rents and upcoming lease expirations. The offering also references projected stabilization at approximately $11.50/SF NNN and a 10.59% cap rate. For tenant and buyer consideration, the combination of multiple warehouse bays, high clear height, and grade-level loading may support a range of industrial uses that can utilize centralized dock-to-bay operations while maintaining an on-site office component.
The warehouse provides direct frontage along George W Engram Blvd/Fairview Ave, supporting straightforward access to surrounding commercial corridors as described in the offering. The multi-tenant setup also includes lease activity, with three leases rolling within 12 months.
As a for-sale investment, the asset generates approximately $221,000 in NOI and is described as offering value-add through opportunities related to in-place rents and upcoming lease expirations. The offering also references projected stabilization at approximately $11.50/SF NNN and a 10.59% cap rate. For tenant and buyer consideration, the combination of multiple warehouse bays, high clear height, and grade-level loading may support a range of industrial uses that can utilize centralized dock-to-bay operations while maintaining an on-site office component.
Key Highlights
- 37,125 SF multi‑bay warehouse on a 3.45‑acre lot in Daytona Beach
- Direct frontage along George W Engram Blvd/Fairview Ave for convenient access to commercial corridors
- Five bays with nine grade‑level loading doors and 16’ clear heights
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $369.8k | $9.96 |
| − Vacancy | −$18.5k | −$0.50 |
| EGI | $351.3k | $9.46 |
| − OpEx | −$52.7k | −$1.42 |
| NOI | $298.6k | $8.04 |
37,125 SF · lease $9.96/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$7.95M
$6.95M – $9.27M
NOI $556,318 @ 7.0% cap · market cap 13.57%
Second Best
Warehouse
$4.27M
$3.73M – $4.98M
NOI $298,585 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$10.95M
$9.58M – $12.77M
NOI $766,260 @ 7.0% cap · market cap 18.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Automateflorida
General Contractor
Redline Performance & Audio
Auto Repair Shop
Bob Sellers Auto ...
Auto Repair Shop
All American Auto ...
Auto Repair Shop
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Similar Off Market Nearby
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- All Aboard Business Park — George W Engram Blvd, Daytona Beach, FL 32114
FAQs
What type of property is this?
Warehouse - Multi-bay warehouse with office buildout, nine grade-level loading doors, and direct frontage for convenient access.
Where is this warehouse located?
The property is located at 405 N Charles Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 37,125 SF multi‑bay warehouse on a 3.45‑acre lot in Daytona Beach; Direct frontage along George W Engram Blvd/Fairview Ave for convenient access to commercial corridors; Five bays with nine grade‑level loading doors and 16’ clear heights
