Two-Unit Storefront
For Sale
$699,000
517 W International Speedway Boulevard, Daytona Beach, FL 32114
One space is leased through 2027, while the other is vacant and ready for occupancy.
Property Size2,404 SF
Price / SF$290.77
Days on Market240
Property Features for 517 W International Speedway Boulevard
General Information
Standard status
Active
Size
2,404 SF
Total Parking Spaces
9
Property subtype
Business
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,999
Building Details
Building Size
2,404 SF
Year Built
1939
Tenancy
Multi
Listing Agency:
Local Living Realty Group
Listed By:
Paul O'Brien · License #3289940
(386) 847-1609
Source:
Marlinrealtygroup
Added: Mar 4
Changed: Oct 29
Last Checked: Oct 29 at 2:36PM
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
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Investment Insights
Based on property information with market context.
Built in 1939, this two-unit storefront property offers separate spaces of 1,100 and 1,300 square feet. One unit is occupied by a smoke shop under a lease running through 2027; the other is currently vacant. Improvements include a replaced roof, air-conditioning units that are two years old, upgraded electrical and plumbing systems, and hurricane shutters on the front windows.
The property has a nine-space parking lot, with pavers along the side. The two storefronts provide distinct spaces, with one leased and the other available for occupancy.
The property has a nine-space parking lot, with pavers along the side. The two storefronts provide distinct spaces, with one leased and the other available for occupancy.
Key Highlights
- Two storefront units measuring 1,100 and 1,300 square feet
- Smoke shop tenant in place under lease through 2027
- Second storefront is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,642
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,840
$452.8K
Cap Rate 7%
$323,457
$323.5K
Cap Rate 9%
$251,578
$251.6K
Market Conditions
NOI Build-Up for 2,404 SF
Gross rent
$36.1K $15.00/SF
− Vacancy
−$3.7K −$1.55/SF
EGI
$32.3K $13.46/SF
− OpEx
−$9.7K −$4.04/SF
NOI
$22.6K $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 Rate 5%
$452,840
Cap Rate 7%
$323,457
Cap Rate 9%
$251,578
Alternative Uses
Best Use
Retail
$323.5K
$283.0K – $377.4K
NOI $22,642 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$708.8K
$620.2K – $827.0K
NOI $49,619 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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 - One space is leased through 2027, while the other is vacant and ready for occupancy.
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: Two storefront units measuring 1,100 and 1,300 square feet; Smoke shop tenant in place under lease through 2027; Second storefront is vacant
