Commercial Duplex
For Sale
$699,000
517 W International Speedway Boulevard, Daytona Beach, FL 32114
COMMERCIAL - Daytona Beach, FL
Property Size2,404 SF
Lot Size0.13 Acres
Price / SF$290.77
Days on Market162
Property Features for 517 W International Speedway Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
On Street, Parking Lot
Directions
W International Speedway
Subdivision
32 - Daytona Beville to ISB, E of 95
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
Legal 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
Utilities
Cooling system
Central Air
Building Details
Year built
1939
Floors in Building
1
Number of units
2
Building materials
Block
Listing Agency:
Local Living Realty Group
(386) 314-5458
Listed By:
Paul O'Brien · License #3289940
(386) 847-1609
Added: Mar 4
Changed: Aug 4
Last Checked: Aug 13 at 9:06AM
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.
Investment Insights
Based on property information with market context.
This commercial duplex features two nearly twin storefront units in mint condition. The property has had major updates including a replaced roof, AC units that are approximately two years old, hurricane shutters for the front windows, and upgraded electric and plumbing. A paved parking lot with 9 spaces provides on-site customer or tenant parking.
The duplex includes one unit currently leased to a smoke shop through 2027, and a second unit that is temporarily vacant. The units are described as approximately 1,100 and 1,300 square feet, and the seller notes the vacant unit is clean and ready.
The building is configured as two separate retail storefront spaces within the duplex, supported by upgraded exterior and mechanical improvements and on-site parking for both occupants.
The duplex includes one unit currently leased to a smoke shop through 2027, and a second unit that is temporarily vacant. The units are described as approximately 1,100 and 1,300 square feet, and the seller notes the vacant unit is clean and ready.
The building is configured as two separate retail storefront spaces within the duplex, supported by upgraded exterior and mechanical improvements and on-site parking for both occupants.
Key Highlights
- Commercial duplex built in 1939 with block construction and central air
- Two‑unit layout: 1,100 SF currently leased to a smoke shop through 2027 at $2,100/month
- Second unit is temporarily vacant with 1,300 SF
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
$22,642
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
3.24%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - Mint-condition duplex with two storefront units, updated systems, and a 9-space paved parking lot.
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: Commercial duplex built in 1939 with block construction and central air; Two‑unit layout: 1,100 SF currently leased to a smoke shop through 2027 at $2,100/month; Second unit is temporarily vacant with 1,300 SF
