Beachside Mixed-Use
New
For Sale
Contact for pricing
501 Plaza Boulevard A, Daytona Beach, FL 32118
Two-unit commercial building with onsite parking near the ocean, a high school, restaurants, retail, and nearby condominium residences.
Property Size1,600 SF
Price / SF$280.14
Days on Market7
Property Features for 501 Plaza Boulevard A
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Retail, Office, Special Purpose, Hospitality, Mixed Use, Industrial, Multifamily
Additional Details
Office Units
1
Amenities
onsite parking
Building Details
Year Built
1969
Buildings
1
Units
1
Building Size
1,600 SF
Listing Agency:
EXP Realty LLC
(386) 308-8022
Listed By:
Nhu-y Le
Source:
Crexi
Added: Aug 13
Changed: Aug 18
Last Checked: Aug 18 at 7:44AM
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 mixed-use commercial property includes two flexible units within a building constructed in 1969. Unit A is identified in the property information, and the layout is described as adaptable for office or professional services, beverage and coffee operations, deli or takeout service, restaurant use, boutique retail, or short-term rental conversion. Onsite parking is included.
The property is located at 501 Plaza Boulevard A in Daytona Beach, near the ocean and adjacent to Seabreeze High School. Surrounding references include Denny's, Bellaire Plaza, and nearby condominium residences, placing the building within a beachside commercial setting with activity from students, local residents, tourists, and beachgoers. The entire building is expected to become available after December 17, 2026.
The property is located at 501 Plaza Boulevard A in Daytona Beach, near the ocean and adjacent to Seabreeze High School. Surrounding references include Denny's, Bellaire Plaza, and nearby condominium residences, placing the building within a beachside commercial setting with activity from students, local residents, tourists, and beachgoers. The entire building is expected to become available after December 17, 2026.
Key Highlights
- Two flexible commercial units in a building constructed in 1969
- Unit A identified within the property
- Onsite parking included
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
$19,838
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
4.41%
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%
$396,760
$396.8K
Cap Rate 7%
$283,400
$283.4K
Cap Rate 9%
$220,422
$220.4K
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
$34.7K $21.60/SF
− Vacancy
−$2.9K −$1.84/SF
EGI
$31.7K $19.76/SF
− OpEx
−$11.9K −$7.41/SF
NOI
$19.8K $12.35/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$396,760
Cap Rate 7%
$283,400
Cap Rate 9%
$220,422
Alternative Uses
Best Use
Mixed Use
$283.4K
$248.0K – $330.6K
NOI $19,838 @ 7.0% cap · market cap 4.41%
Second Best
Retail
$216.1K
$189.1K – $252.1K
NOI $15,126 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$473.5K
$414.4K – $552.5K
NOI $33,148 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
143k
Monthly Visits Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-unit commercial building with onsite parking near the ocean, a high school, restaurants, retail, and nearby condominium residences.
Where is this mixed-use property located?
The property is located at 501 Plaza Boulevard A Daytona Beach, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two flexible commercial units in a building constructed in 1969; Unit A identified within the property; Onsite parking included
