Flex Space with Warehouse
New
For Sale
$239,000
5-925 Beville Rd, South Daytona, FL 32119
Vacant commercial unit combines air-conditioned offices with functional warehouse space and a roll-up loading door.
Property Size1,250 SF
Price / SF$191.20
Days on Market7
Property Features for 5-925 Beville Rd
General Information
Standard status
Active
Size
1,250 SF
Warehouse & Industrial
Warehouse Space
625 SF
Office Build-Out
625 SF
Taxes and HOA fees
Annual Taxes
$3,101
Building Details
Year Built
2006
Listing Agency:
KINCAID REALTY
(386) 428-7800
Listed By:
Roger Kincaid · License #3027673
(386) 846-0049
Source:
Exprealty
Added: Sep 15
Changed: Sep 20
Last Checked: Sep 20 at 2:23PM
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 KINCAID REALTY
Investment Insights
Based on property information with market context.
This flex space offers 1,250 square feet divided between office and warehouse functions. The front portion provides 625 square feet of air-conditioned space with two offices, a meeting area, a small kitchen, and a bathroom. A glass storefront serves the office area, while the rear includes 625 square feet of high-ceiling warehouse space accessed through a large roll-up door. The unit was built in 2006 and is vacant for immediate occupancy.
Located within Twin Fountains Business Center at 5-925 Beville Rd in South Daytona, the property is approximately 3 miles from I-4 and I-95. The 13-suite center includes businesses such as an auto tag service, laundromat, nail salon, and medical center, contributing to regular customer activity at the plaza. Colleges and malls are also identified nearby.
Located within Twin Fountains Business Center at 5-925 Beville Rd in South Daytona, the property is approximately 3 miles from I-4 and I-95. The 13-suite center includes businesses such as an auto tag service, laundromat, nail salon, and medical center, contributing to regular customer activity at the plaza. Colleges and malls are also identified nearby.
Key Highlights
- 1,250 total square feet with balanced office and warehouse areas
- 625 square feet of air‑conditioned office space
- Two offices, meeting area, small kitchen, and bathroom
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
$14,096
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
5.90%
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%
$281,920
$281.9K
Cap Rate 7%
$201,371
$201.4K
Cap Rate 9%
$156,622
$156.6K
Market Conditions
NOI Build-Up for 1,250 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
$23.7K $18.96/SF
− Vacancy
−$2.0K −$1.61/SF
EGI
$21.7K $17.35/SF
− OpEx
−$7.6K −$6.07/SF
NOI
$14.1K $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%
$281,920
Cap Rate 7%
$201,371
Cap Rate 9%
$156,622
Alternative Uses
Best Use
Flex RnD
$201.4K
$176.2K – $234.9K
NOI $14,096 @ 7.0% cap · market cap 5.90%
Second Best
Warehouse
$143.6K
$125.7K – $167.6K
NOI $10,053 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$368.6K
$322.5K – $430.0K
NOI $25,800 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32119, FL
22,498
Population
12,629
Households
1.8
Avg Household Size
50
Median Age
27%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,884
Density / Sq Mi
$53,795
Median Household Income
$37,675
Median Earnings
$1,371
Median Rent
$215,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Vacant commercial unit combines air-conditioned offices with functional warehouse space and a roll-up loading door.
Where is this flex space located?
The property is located at 5-925 Beville Rd South Daytona, FL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1,250 total square feet with balanced office and warehouse areas; 625 square feet of air‑conditioned office space; Two offices, meeting area, small kitchen, and bathroom
