Two-Story Mixed-Use Income
For Sale
Contact for pricing
522 Seabreeze Boulevard, Daytona Beach, FL 32118
Leased commercial and residential spaces share a two-story building with a rear garage.
Property Size4,094 SF
Price / SF$128.21
Days on Market12
Property Features for 522 Seabreeze Boulevard
General Information
Standard status
Active
Size
4,094 SF
Total Parking Spaces
1
Property subtype
Mixed Use, Retail, Multifamily
Occupancy
100%
Units
Unit Mix
1 x studio, 2 x 2BR
Multifamily Units
3
Additional Details
Cap Rate
7.5%
Road Access
Yes
Building Details
Year Built
1936
Buildings
1
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
RE/MAX Signature
(386) 679-0443
Listed By:
Greg Antonich · License #0356858
Source:
Crexi
Added: Aug 20
Changed: Aug 30
Last Checked: Aug 30 at 4:20PM
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 RE/MAX Signature
Investment Insights
Based on property information with market context.
This 4094-square-foot mixed-use building, constructed in 1936, combines five leased units within a two-story layout. Two commercial spaces face Seabreeze Boulevard, while the ground floor includes a rear residential studio. The upper level contains two two-bedroom apartment units, creating a blend of storefront and residential occupancy. A one-car garage is located at the rear of the property.
The property is positioned in the historic Seabreeze district of Daytona Beach, an area described with restaurants, bars, shops, banking, and office uses. One commercial space has been occupied by a jeweler for 15 years. Current property information cites a 7.5% cap rate based on the existing P & L.
The property is positioned in the historic Seabreeze district of Daytona Beach, an area described with restaurants, bars, shops, banking, and office uses. One commercial space has been occupied by a jeweler for 15 years. Current property information cites a 7.5% cap rate based on the existing P & L.
Key Highlights
- 4094‑square‑foot mixed‑use building constructed in 1936
- Five leased units: two commercial spaces, one studio, and two two‑bedroom apartments
- Two commercial spaces front Seabreeze Boulevard
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
$38,559
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
7.35%
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%
$771,180
$771.2K
Cap Rate 7%
$550,843
$550.8K
Cap Rate 9%
$428,433
$428.4K
Market Conditions
NOI Build-Up for 4,094 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
$61.4K $15.00/SF
− Vacancy
−$6.3K −$1.55/SF
EGI
$55.1K $13.46/SF
− OpEx
−$16.5K −$4.04/SF
NOI
$38.6K $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%
$771,180
Cap Rate 7%
$550,843
Cap Rate 9%
$428,433
Alternative Uses
Best Use
Mixed Use
$722.4K
$632.1K – $842.9K
NOI $50,571 @ 7.0% cap · market cap 9.63%
Second Best
Retail
$550.8K
$482.0K – $642.7K
NOI $38,559 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,500 @ 7.0% cap · market cap 16.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
Explore this area
Business Placement
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Leased commercial and residential spaces share a two-story building with a rear garage.
Where is this mixed-use property located?
The property is located at 522 Seabreeze Boulevard Daytona Beach, FL.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: 4094‑square‑foot mixed‑use building constructed in 1936; Five leased units: two commercial spaces, one studio, and two two‑bedroom apartments; Two commercial spaces front Seabreeze Boulevard
