Retail Storefront
For Sale
$489,900
501 Plaza Boulevard, Daytona Beach, FL 32118
For sale retail storefront property in Volusia County, Florida with documented access via Atlantic Avenue.
Property Size1,606 SF
Days on Market74
Property Features for 501 Plaza Boulevard
General Information
Standard status
Active
Size
1,606 SF
Zoning
Commercial
Amenities
Fenced, Kitchen Facilities, Manager on Premise, Meeting Room, Office, Private Restroom, Rear Access, Reception Area, Restaurant, Separate Office Area, Storage
Central Air, Heat Pump
Heat Pump
Chain Link, Fenced
Additional Parking, Parking Lot
Building Details
Building Size
1,606 SF
Year Built
1969
Stories
1
Listing Agency:
EXP Realty LLC
(386) 308-8022
Listed By:
Nhu-y Le
(386) 308-8022
Source:
Evrealestate
Added: Jun 2
Changed: Aug 8
Last Checked: Aug 8 at 7:51AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This offering is a retail storefront property available for sale at 501 Plaza Boulevard in Daytona Beach, Florida. The available information identifies it as a retail/commercial space suitable for storefront-oriented businesses.
The directions provided note access from Seabreeze Blvd by going north on Atlantic Avenue (A1A) for 2 miles to Plaza Blvd, then turning left. The property is located in Volusia County.
Given its retail storefront nature, this property can be a practical fit for an owner-operator or investor seeking a conventional retail space in Daytona Beach. It may also appeal to tenants looking for a standalone storefront-style location where customer-facing frontage is part of the business format. Interested parties should review the property’s detailed features and any applicable lease or use considerations directly to confirm suitability for their specific retail concept.
The directions provided note access from Seabreeze Blvd by going north on Atlantic Avenue (A1A) for 2 miles to Plaza Blvd, then turning left. The property is located in Volusia County.
Given its retail storefront nature, this property can be a practical fit for an owner-operator or investor seeking a conventional retail space in Daytona Beach. It may also appeal to tenants looking for a standalone storefront-style location where customer-facing frontage is part of the business format. Interested parties should review the property’s detailed features and any applicable lease or use considerations directly to confirm suitability for their specific retail concept.
Key Highlights
- Retail storefront property in Volusia County, Florida with documented access via Atlantic Avenue (A1A)
- Year built: 1969
- Central air and heat pump HVAC
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
$15,126
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
3.09%
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%
$302,520
$302.5K
Cap Rate 7%
$216,086
$216.1K
Cap Rate 9%
$168,067
$168.1K
Market Conditions
NOI Build-Up for 1,606 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
$24.1K $15.00/SF
− Vacancy
−$2.5K −$1.55/SF
EGI
$21.6K $13.46/SF
− OpEx
−$6.5K −$4.04/SF
NOI
$15.1K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$302,520
Cap Rate 7%
$216,086
Cap Rate 9%
$168,067
Alternative Uses
Best Use
Retail
$216.1K
$189.1K – $252.1K
NOI $15,126 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.5K
$414.4K – $552.5K
NOI $33,148 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
143k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 34%
Shops & Services 29%
Groceries 21%
Dining 12%
Publix
Groceries
30,394 visits/mo
0.2 miles
Marshalls
Apparel
22,042 visits/mo
0.3 miles
Ross Dress for Less
Apparel
13,679 visits/mo
0.1 miles
McDonald's
Dining
11,855 visits/mo
0.2 miles
Five Below
Shops & Services
10,104 visits/mo
0.3 miles
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - For sale retail storefront property in Volusia County, Florida with documented access via Atlantic Avenue.
Where is this storefront property located?
The property is located at 501 Plaza Boulevard Daytona Beach, FL.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Retail storefront property in Volusia County, Florida with documented access via Atlantic Avenue (A1A); Year built: 1969; Central air and heat pump HVAC
