Three-Property Commercial
For Sale
Contact for pricing
518 521527 Ballough Road 1, Daytona Beach, FL 32114
Portfolio includes a masonry warehouse and two commercial buildings with space suited for retail or creative office.
Property Size20,891 SF
Price / SF$107.70
Days on Market107
Property Features for 518 521527 Ballough Road 1
General Information
Standard status
Active
Size
20,891 SF
Class
C
Property subtype
Mixed Use, Retail, Multifamily
Zoning
Commercial
Occupancy
100%
Investment Type
Owner/User
Additional Details
Multifamily Units
2
Building Details
Year Built
1947
Buildings
3
Stories
2
Units
5
Listing Agency:
Adams Cameron & Co Daytona Beach
Listed By:
Dick McNerney · License #BK3264881
Source:
Crexi
Added: May 2
Changed: Aug 15
Last Checked: Aug 15 at 2:13PM
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 Adams Cameron & Co Daytona Beach
Investment Insights
Based on property information with market context.
Offered together as a single sale, 518, 521, and 527 Ballough Road provide a three-property commercial portfolio along Daytona Beach’s historic Ballough Road corridor. The assemblage totals approximately 20,891 SF across three buildings. 518 Ballough features an 11,411 SF masonry warehouse with multiple warehouse sections, plus two second-floor residential apartments. 521 and 527 Ballough include 5,914 SF and 3,566 SF of commercial space, respectively, suitable for retail, creative office, or adaptive reuse.
The properties are described as sitting at the gateway to the Riverfront Esplanade redevelopment zone, with the area positioned minutes from Downtown Daytona. The assemblage is surrounded by ongoing revitalization.
The properties are described as sitting at the gateway to the Riverfront Esplanade redevelopment zone, with the area positioned minutes from Downtown Daytona. The assemblage is surrounded by ongoing revitalization.
Key Highlights
- Three‑property commercial portfolio at 518, 521 & 527 Ballough Road sold together for a total ±20,891 SF across three buildings
- 518 Ballough: ±11,411 SF masonry warehouse with multiple warehouse sections plus two second‑floor residential apartments
- 521 Ballough: ±5,914 SF commercial space suited for retail, creative office, or adaptive reuse
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
$196,762
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
8.74%
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%
$3,935,240
$3.9M
Cap Rate 7%
$2,810,886
$2.8M
Cap Rate 9%
$2,186,244
$2.2M
Market Conditions
NOI Build-Up for 20,891 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
$313.4K $15.00/SF
− Vacancy
−$32.3K −$1.55/SF
EGI
$281.1K $13.46/SF
− OpEx
−$84.3K −$4.04/SF
NOI
$196.8K $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%
$3,935,240
Cap Rate 7%
$2,810,886
Cap Rate 9%
$2,186,244
Alternative Uses
Best Use
Retail
$2.81M
$2.46M – $3.28M
NOI $196,762 @ 7.0% cap · market cap 8.74%
Second Best
Warehouse
$2.40M
$2.10M – $2.80M
NOI $168,020 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$6.16M
$5.39M – $7.19M
NOI $431,190 @ 7.0% cap · market cap 19.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,047
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
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- All Aboard Business Park — George W Engram Blvd, Daytona Beach, FL 32114
Frequently Asked Questions
What type of property is this?
Warehouse - Portfolio includes a masonry warehouse and two commercial buildings with space suited for retail or creative office.
Where is this warehouse located?
The property is located at 518 521527 Ballough Road 1 Daytona Beach, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Three‑property commercial portfolio at 518, 521 & 527 Ballough Road sold together for a total ±20,891 SF across three buildings; 518 Ballough: ±11,411 SF masonry warehouse with multiple warehouse sections plus two second‑floor residential apartments; 521 Ballough: ±5,914 SF commercial space suited for retail, creative office, or adaptive reuse
