Commercial Duplex Retail
For Sale
$699,000
517 W INTERNATIONAL SPEEDWAY BOULEVARD, Daytona Beach, FL 32114
Two retail units totaling nearly turnkey condition, with one unit leased through 2027 and a paved 9-space parking area.
Property Size2,400 SF
Price / SF$291.25
Days on Market153
Property Features for 517 W INTERNATIONAL SPEEDWAY BOULEVARD
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
9
Property subtype
Commercial
Occupancy
50%
Building Details
Building Size
2,200 SF
Year Built
1939
Tenancy
Multi
Listing Agency:
LOCAL LIVING REALTY GROUP
(386) 689-5184
Listed By:
Stephen Zeh
(386) 689-5184
Source:
Mbifloridarealty
Added: Feb 28
Changed: Jul 27
Last Checked: Jul 27 at 2:02AM
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 LOCAL LIVING REALTY GROUP
Investment Insights
Based on property information with market context.
This commercial duplex presents as mint condition with two nearly twin retail units. The property includes hurricane shutters for the front windows and electric and plumbing upgrades. Recent improvements noted include a replaced roof, AC units approximately two years old, and a paved parking lot with 9 spaces using pavers on the side.
One unit is currently rented to a smoke shop, with a lease term noted through 2027. The second unit is temporarily vacant and described as crisp and clean.
The units are separately configured for retail use, offering flexibility for an owner-operator or an investor seeking rental income alongside an available second suite. Appointment is required to view the property.
One unit is currently rented to a smoke shop, with a lease term noted through 2027. The second unit is temporarily vacant and described as crisp and clean.
The units are separately configured for retail use, offering flexibility for an owner-operator or an investor seeking rental income alongside an available second suite. Appointment is required to view the property.
Key Highlights
- 1939‑built commercial duplex with two retail units totaling nearly turnkey condition
- Smoke shop lease in Unit 1 runs into 2027 at $2,100/month for 1,100 SF
- Unit 2 is temporarily vacant and offers 1,300 SF of retail space
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $15.00 |
| − Vacancy | −$3.7k | −$1.55 |
| EGI | $32.3k | $13.46 |
| − OpEx | −$9.7k | −$4.04 |
| NOI | $22.6k | $9.42 |
2,400 SF · lease $15.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$322.9K
$282.6K – $376.7K
NOI $22,604 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$707.7K
$619.2K – $825.6K
NOI $49,536 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,848
Businesses Nearby
95k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
Wawa
Shops & Services
41,181 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
12,229 visits/mo
0.2 miles
Checkers
Dining
6,857 visits/mo
0.2 miles
Sunoco
Shops & Services
6,671 visits/mo
0.5 miles
Burger King
Dining
5,628 visits/mo
0.2 miles
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Naughty Petals Floral Studio — 944 W International Speedway Blvd, Daytona Beach, FL 32114
- Zahn's Flowers — 140 W International Speedway Blvd, Daytona Beach, FL 32114
- ARTISTIC FLORIST — 351 dr mary mcleod bethune blvd, daytona beach, fl 32114
Frequently Asked Questions
What type of property is this?
Storefront property - Two retail units totaling nearly turnkey condition, with one unit leased through 2027 and a paved 9-space parking area.
Where is this storefront property located?
The property is located at 517 W INTERNATIONAL SPEEDWAY BOULEVARD Daytona Beach, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1939‑built commercial duplex with two retail units totaling nearly turnkey condition; Smoke shop lease in Unit 1 runs into 2027 at $2,100/month for 1,100 SF; Unit 2 is temporarily vacant and offers 1,300 SF of retail space
