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    Commercial Duplex on Speedway Boulevard Title is generated by Realmo AI

    517 W International Speedway Boulevard, Daytona Beach, FL 32114

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    For Sale
    $775,000

    COMMERCIAL - Daytona Beach, FL

    Property size:
    2,404 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $322/SF
    Added:
    Mar 4, 2026
    Days on Market:
    71
    Last Refresh:
    May 14 at 5:06 pm

    Property Features for 517 W International Speedway Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    On Street, Parking Lot
    Standard status
    Active
    APN
    5339-01-23-0027
    Size
    2,404 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    39-15-33 N 130 FT OF E 54 FT OF W 109 FT OF LOT 2 & N 80 FT OF E 1 FT OF W 55 FT OF LOT 2 EXC ST BLK 23 HODGMANS DAYTONA MB 2 PG 82 MB 12 PGS 13-15 PER OR 1868 PG 1770 PER OR 5762 PG 3073 PER OR 8437 PG 0908 PER OR 8477 PG 0759
    Tax Annual Amount
    2000

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1939
    Floors in Building
    1
    Number of units
    2
    Building materials
    Block

    We can help!

    Listing Contact
    Paul O'Brien

    Listing agent Paul O'Brien License #3289940

    Listing office Local Living Realty Group 212 Palmetto St., New Smyrna Beach, FL

    Listing date Mar 4, 2026

    MLS# 1223685

    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.

    HighLights

    • High‑traffic location on West International Speedway
    • One unit currently rented by a smoke shop with a lease until 2027, generating $2,100/month
    • Recently replaced roof and two‑year‑old AC units
    • Upgraded electric and plumbing systems
    • Paved parking lot with 9 spaces and paver accents
    • Hurricane shutters on front windows

    Overview

    This commercial duplex is located on West International Speedway Boulevard in Daytona Beach, Florida. The property, in mint condition, features two units. One unit, comprising 1,100 square feet, is currently leased to a smoke shop with a lease extending into 2027, generating a monthly income of $2,100. The second unit, which is temporarily vacant, offers 1,300 square feet of space. The property includes a parking lot with 9 spaces and pavers on the side. Upgrades to the property include a new roof, two-year-old AC units, upgraded electric and plumbing systems, and hurricane shutters for the front windows. The property is situated on a lot of 0.13 acres and the total property size is 2,404 square feet. The property is located in Volusia County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places 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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.025961
    Latitude
    29.209233

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    FAQs

    What type of property is this?
    Storefront property - Mint condition commercial duplex on high-traffic International Speedway Boulevard.
    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 $775,000.
    What are key features of this property?
    This property features: High‑traffic location on West International Speedway; One unit currently rented by a smoke shop with a lease until 2027, generating $2,100/month; Recently replaced roof and two‑year‑old AC units
    (386) 847-1609
    We can help!
    Listing Contact
    Paul O'Brien
    Real Estate License ID: 3289940
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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