Two-Story Retail Flex
For Sale
Contact for pricing
514 Main Street, Daytona Beach, FL 32118
Two-story retail flex property with a downstairs storefront and an upstairs social suite featuring a balcony.
Property Size1,968 SF
Price / SF$266.77
Days on Market63
Property Features for 514 Main Street
General Information
Standard status
Active
Size
1,968 SF
Property subtype
Retail
Zoning
Redevelopment
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Owner/User
Building Details
Year Built
1920
Stories
2
Units
1
Tenancy
Single
Listing Agency:
RE/MAX Signature
(386) 679-0443
Listed By:
Greg Antonich · License #0356858
Source:
Crexi
Added: Jun 10
Changed: Aug 10
Last Checked: Aug 11 at 5:08AM
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 RE/MAX Signature
Investment Insights
Based on property information with market context.
This two-story retail flex building includes a ground-floor storefront that is currently occupied by a tattoo parlor. Upstairs, the layout is built out as a social entertainment VIP suite with a bar, living room area, restroom, and a rear room that can serve as an office, storage, or additional living space. The second level also features a large balcony overlooking Main Street, providing outdoor space for events and gatherings. Upstairs has a separate entrance, supporting flexible private access.
Located on world-famous Main St in Daytona Beach, the property is just steps from the beach, boardwalk, and pier. The area is associated with major seasonal events including Bike Week and Biketoberfest, along with other community happenings, which can be a practical consideration for operators seeking a high-activity setting.
For buyers and tenants, the configuration supports mixed-use operation or multi-level tenanting, with a street-facing retail presence below and a private-access social/entertainment or office/storage alternative above. The upstairs suite’s built-out bar, restroom, and common areas make it well suited for uses that benefit from self-contained functionality and event-day foot traffic.
Located on world-famous Main St in Daytona Beach, the property is just steps from the beach, boardwalk, and pier. The area is associated with major seasonal events including Bike Week and Biketoberfest, along with other community happenings, which can be a practical consideration for operators seeking a high-activity setting.
For buyers and tenants, the configuration supports mixed-use operation or multi-level tenanting, with a street-facing retail presence below and a private-access social/entertainment or office/storage alternative above. The upstairs suite’s built-out bar, restroom, and common areas make it well suited for uses that benefit from self-contained functionality and event-day foot traffic.
Key Highlights
- Two‑story Main St retail flex building built in 1920 in Daytona Beach, FL
- Downstairs retail storefront currently occupied by an established tattoo parlor
- Upstairs social entertainment VIP suite with built‑out bar, living room area, restroom, and rear room for office/storage/living
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
$29,885
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
5.69%
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%
$597,700
$597.7K
Cap Rate 7%
$426,929
$426.9K
Cap Rate 9%
$332,056
$332.1K
Market Conditions
NOI Build-Up for 1,968 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
$43.2K $21.96/SF
− Vacancy
−$3.4K −$1.71/SF
EGI
$39.8K $20.25/SF
− OpEx
−$10.0K −$5.06/SF
NOI
$29.9K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$597,700
Cap Rate 7%
$426,929
Cap Rate 9%
$332,056
Alternative Uses
Best Use
Specialty Retail
$426.9K
$373.6K – $498.1K
NOI $29,885 @ 7.0% cap · market cap 5.69%
Second Best
Retail
$264.8K
$231.7K – $308.9K
NOI $18,536 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$580.3K
$507.8K – $677.0K
NOI $40,620 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
93k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 25%
Hotels & Casinos 4%
Dick's Last Resort
Dining
20,658 visits/mo
0.4 miles
Joe's Crab Shack
Dining
19,572 visits/mo
0.3 miles
Burger King
Dining
10,780 visits/mo
0.3 miles
7-Eleven
Shops & Services
9,090 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,013 visits/mo
0.2 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?
Storefront property - Two-story retail flex property with a downstairs storefront and an upstairs social suite featuring a balcony.
Where is this storefront property located?
The property is located at 514 Main Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑story Main St retail flex building built in 1920 in Daytona Beach, FL; Downstairs retail storefront currently occupied by an established tattoo parlor; Upstairs social entertainment VIP suite with built‑out bar, living room area, restroom, and rear room for office/storage/living
