Three-Property Mixed-Use
For Sale
$2,250,000
518 521527 Ballough Road, Daytona Beach, FL 32114
Commercial Sale, Daytona Beach, FL
Property Size20,891 SF
Lot Size0.19 Acres
Price / SF$107.70
Days on Market121
Property Features for 518 521527 Ballough Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Full bathrooms
6
Rooms
Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 6, Bathroom 3, Bathroom 5
Parking features
Off Street, On Street
Subdivision
Orange Island
Lot features
Historic Area, Irregular Lot
Directions
Mason Avenue East to Beach St S, left on Fairview to Ballough Rd. 521/527 Ballough on East Side and 518 on West Side of Ballough Rd.
Standard status
Active
APN
5338-18-03-0140
Size
20,891 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
38-15-33 LOTS 14 & 15 BLK 3 ORANGE ISLAND PARK DAYTONA MB 5 PG 20 MB 22 PG 41 OF COLEMANS DAYTONA MB 1 PG 155 MB 12 PG 33 PER OR 4399 PG 2405 PER OR 7911 PG 113738-15-33 LOTS 8 THRU 11 BLK 3 ROGERS ADD TO DAYTONA CORRECTED MB 4 PG 157 MB 15 PG 108 OF D D ROGERS DB C PG 700 MB 14 PG 110 PER OR 4399 PG 2406 PER OR 7940 PG 414438-15-33 LOT 16 BLK 3 ORANGE ISLAND PARK DAYTONA MB 5 PG 20MB 22 PG 41 OF COLEMANS DAYTONA MB 1 PG 155 MB 12 PG 33 PER OR 2067 PG 0327 PER OR 6871 PG 3154 PER OR 7911 PG 1138
Tax Annual Amount
15633
Legal Description
38-15-33 LOTS 14 & 15 BLK 3 ORANGE ISLAND PARK DAYTONA MB 5 PG 20 MB 22 PG 41 OF COLEMANS DAYTONA MB 1 PG 155 MB 12 PG 33 PER OR 4399 PG 2405 PER OR 7911 PG 113738-15-33 LOTS 8 THRU 11 BLK 3 ROGERS ADD TO DAYTONA CORRECTED MB 4 PG 157 MB 15 PG 108 OF D D ROGERS DB C PG 700 MB 14 PG 110 PER OR 4399 PG 2406 PER OR 7940 PG 414438-15-33 LOT 16 BLK 3 ORANGE ISLAND PARK DAYTONA MB 5 PG 20MB 22 PG 41 OF COLEMANS DAYTONA MB 1 PG 155 MB 12 PG 33 PER OR 2067 PG 0327 PER OR 6871 PG 3154 PER OR 7911 PG 1138
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Zoned
Building Details
Year built
1947
Floors in Building
1
Number of units
3
Flooring type
Vinyl, Tile, Carpet
Building materials
Block, Stucco
Roof type
Membrane
Listing Agency:
Adams, Cameron & Co., Realtors
(386) 258-5500
Listed By:
Richard McNerney
(386) 679-5037
Added: May 1
Changed: Aug 20
Last Checked: Aug 29 at 2:06PM
MLS# 1225952
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 mixed-use portfolio includes three buildings at 518, 521, and 527 Ballough Road, totaling 20,891 square feet. The west-side 518 Ballough property contains an approximately 11,411-square-foot masonry warehouse with multiple warehouse sections and two apartments on the second floor. The east-side buildings provide approximately 5,914 and 3,566 square feet of commercial space, supporting retail, creative office, or adaptive reuse concepts.
The assemblage occupies approximately 0.19 acres along Daytona Beach’s historic Ballough Road corridor, near the Riverfront Esplanade redevelopment zone and within minutes of Downtown Daytona. Improvements date to 1947 and include block and stucco construction, membrane roofing, central air with zoned cooling, electric heating, public sewer, and vinyl, tile, and carpet flooring. Parking is available both on and off the street.
The assemblage occupies approximately 0.19 acres along Daytona Beach’s historic Ballough Road corridor, near the Riverfront Esplanade redevelopment zone and within minutes of Downtown Daytona. Improvements date to 1947 and include block and stucco construction, membrane roofing, central air with zoned cooling, electric heating, public sewer, and vinyl, tile, and carpet flooring. Parking is available both on and off the street.
Key Highlights
- Three‑building portfolio at 518, 521, and 527 Ballough Road
- 20,891 square feet across the assemblage
- Approximately 11,411‑square‑foot masonry warehouse at 518 Ballough
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
Mixed Use
$3.69M
$3.23M – $4.30M
NOI $258,056 @ 7.0% cap · market cap 11.47%
Second Best
Retail
$2.81M
$2.46M – $3.28M
NOI $196,762 @ 7.0% cap · market cap 8.74%
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
Location Intelligence
Trade Area within ½ mile
1,047
Businesses Nearby
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three buildings combine warehouse, apartments, and commercial space suited to retail, creative office, or adaptive reuse.
Where is this mixed-use property located?
The property is located at 518 521527 Ballough Road 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‑building portfolio at 518, 521, and 527 Ballough Road; 20,891 square feet across the assemblage; Approximately 11,411‑square‑foot masonry warehouse at 518 Ballough
