Two-Unit Retail
For Sale
$444,900
501 Plaza Boulevard, Daytona Beach, FL 32118
Commercial Sale, Daytona Beach, FL
Property Size1,606 SF
Lot Size0.17 Acres
Price / SF$277.02
Days on Market35
Property Features for 501 Plaza Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Bathrooms
1
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Parking Lot
Security features
Security Lighting
Fencing
Chain Link, Fenced
Lot features
Cleared
Directions
FROM SEABREEZE BLVD GO NORTH ON ATLANTIC AVENUE (A1A) 2 MILES TO PLAZA BLVD & TURN LEFT
Subdivision
15 - Daytona Peninsula N of Seabreeze
Standard status
Active
APN
4225-01-09-0050
Size
1,606 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 50 FT OF S 150 FT OF BLK 9 A ORTONA PARK SEC 3 MB 23 PGS 232 & 233 PER OR 5042 PG 4654 PER OR 6978 PG 4964 PER OR 7027 PG 2240 PER OR 7930 PG 3473 PER OR 8195 PG 0562 PER OR 8317 PG 1886
Tax Annual Amount
2669
Legal Description
W 50 FT OF S 150 FT OF BLK 9 A ORTONA PARK SEC 3 MB 23 PGS 232 & 233 PER OR 5042 PG 4654 PER OR 6978 PG 4964 PER OR 7027 PG 2240 PER OR 7930 PG 3473 PER OR 8195 PG 0562 PER OR 8317 PG 1886
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air, Heat Pump
Water source
Public
Amenities
onsite parking
Building Details
Year built
1969
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Tar/Gravel, Flat
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Nhu-y Le
(386) 308-8022
Added: Aug 13
Changed: Sep 12
Last Checked: Sep 16 at 8:06AM
MLS# 1229648
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail property contains two versatile spaces of approximately 800 square feet each within a 1,606-square-foot building. The layout can accommodate retail, office or professional services, beverage service, deli or takeout operations, and similar commercial uses identified for the space. Interior features include tile flooring and two bathrooms, while block, concrete, and stucco construction support the building’s established physical character. Heating and cooling are provided by heat pump systems and central air.
The property is located at 501 Plaza Boulevard in Daytona Beach, near the ocean and adjacent to Seabreeze High School, Denny's, Bellaire Plaza, and nearby condominiums. Onsite parking is provided through a parking lot, and the property includes public water and public sewer service. The building was constructed in 1969 and has a fenced perimeter with chain-link fencing. The entire 1,600-square-foot building is scheduled to be available after Dec 17, 2026.
The property is located at 501 Plaza Boulevard in Daytona Beach, near the ocean and adjacent to Seabreeze High School, Denny's, Bellaire Plaza, and nearby condominiums. Onsite parking is provided through a parking lot, and the property includes public water and public sewer service. The building was constructed in 1969 and has a fenced perimeter with chain-link fencing. The entire 1,600-square-foot building is scheduled to be available after Dec 17, 2026.
Key Highlights
- Two versatile units of approximately 800 sq ft each
- 1,606‑square‑foot retail building on 0.17 acres
- Located at 501 Plaza Boulevard, Daytona Beach, FL 32118
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
3.40%
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 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.5K
$414.4K – $552.5K
NOI $33,148 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible beachside commercial property with onsite parking and two versatile spaces for retail or professional use.
Where is this retail space located?
The property is located at 501 Plaza Boulevard Daytona Beach, FL.
What is the asking price?
The asking price for this property is $444,900.
What are key features of this property?
This property features: Two versatile units of approximately 800 sq ft each; 1,606‑square‑foot retail building on 0.17 acres; Located at 501 Plaza Boulevard, Daytona Beach, FL 32118
