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547 High Street, Daytona Beach, FL 32114
Multiple structures combine office layouts, a workshop, and residential accommodations under BP zoning.
Property Size7,852 SF
Lot Size0.49 Acres
Price / SF$118.31
Days on Market10
Property Features for 547 High Street
General Information
Standard status
Active
Size
7,852 SF
Lot size
0.49 Acres
Property subtype
Multifamily, Office
Zoning
BP
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Opportunity Zone
No
Building Details
Year Built
1971
Buildings
3
Tenancy
Multi
Building Size
7,852 SF
Listing Agency:
ACRE Expert LLC
Listed By:
Drew Attias · License #Florida
Source:
Crexi
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 29 at 9:05PM
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 ACRE Expert LLC
Investment Insights
Based on property information with market context.
This office property comprises two office buildings with distinct configurations. One building is arranged for two office units, while the other places office space above a workshop. The property also includes residential accommodations with 10 bedrooms and 6 bathrooms, a layout identified as suitable for senior citizen housing.
The 7,852-square-foot property occupies 0.49 acres at 547 High Street in Daytona Beach, Florida. BP zoning applies, and the parcel has road access, connected sewer, city water, and connected electric service. The site is identified as outside a flood zone and contains no wetlands.
The 7,852-square-foot property occupies 0.49 acres at 547 High Street in Daytona Beach, Florida. BP zoning applies, and the parcel has road access, connected sewer, city water, and connected electric service. The site is identified as outside a flood zone and contains no wetlands.
Key Highlights
- 7,852‑square‑foot building on 0.49 acre
- Two office buildings with distinct layouts
- One building configured for 2 office units
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
$59,832
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
6.44%
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%
$1,196,640
$1.2M
Cap Rate 7%
$854,743
$854.7K
Cap Rate 9%
$664,800
$664.8K
Market Conditions
NOI Build-Up for 7,852 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
$121.5K $15.48/SF
− Vacancy
−$12.8K −$1.63/SF
EGI
$108.8K $13.85/SF
− OpEx
−$49.0K −$6.23/SF
NOI
$59.8K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
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%
$1,196,640
Cap Rate 7%
$854,743
Cap Rate 9%
$664,800
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,662 @ 7.0% cap · market cap 12.67%
Second Best
Apartment 5plus
$854.7K
$747.9K – $997.2K
NOI $59,832 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,065 @ 7.0% cap · market cap 17.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,126
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multiple structures combine office layouts, a workshop, and residential accommodations under BP zoning.
Where is this office building located?
The property is located at 547 High Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: 7,852‑square‑foot building on 0.49 acre; Two office buildings with distinct layouts; One building configured for 2 office units
