Multi-Building Mixed-Use
547 High St, Daytona Beach, FL 32114
For Sale
$799,000
Residential, office, and storage space spans three buildings, with two parking areas serving the site.
Property Size7,800 SF
Price / SF$102.44
Days on Market21
Property Features for 547 High St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Utilities to Site
Additional Details
Furnished
Sprinkler System
Multifamily Units
Property Use
Amenities
smoke alarm system
rain soft water filter
ethernet
ubiquity wifi
generator outlets
Building Details
Year Built
Buildings
Listing Agency:
Tw Realty, LLC
Listed By:
Kevin Kling · License FL #3046851
(386) 999-4006
Source:
386realestate
Added: Oct 24
Changed: Nov 12
Last Checked: Nov 12 at 7:46AM
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 Tw Realty, LLC
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Investment Insights
Based on property information with market context.
This mixed-use property comprises one parcel with four lots and three buildings. The High Street building offers more than 5,100 square feet across two stories, with at least 10 bedrooms, six full bathrooms, and two half baths. Safety and utility features include a fire suppression system with 50 ceiling sprinklers, smoke alarms, natural gas, generator outlets, Ethernet, Ubiquiti WiFi, and a Rain Soft water filter.
A two-story, 900-square-foot building on N. Ridgewood has a one-bedroom apartment or office upstairs and storage on the ground floor. The third building rises three stories. Its first floor has six rooms, a foyer, a full bathroom, and a kitchen; the second floor has four large rooms or offices and a full bathroom. The third floor includes a large room, a full bathroom, and a closet.
The property has BP zoning and frontage on US1. Two large parking lots are situated on High Street and N. Ridgewood. Most furniture has been removed from the buildings.
A two-story, 900-square-foot building on N. Ridgewood has a one-bedroom apartment or office upstairs and storage on the ground floor. The third building rises three stories. Its first floor has six rooms, a foyer, a full bathroom, and a kitchen; the second floor has four large rooms or offices and a full bathroom. The third floor includes a large room, a full bathroom, and a closet.
The property has BP zoning and frontage on US1. Two large parking lots are situated on High Street and N. Ridgewood. Most furniture has been removed from the buildings.
Key Highlights
- One parcel comprising 4 lots and 3 buildings
- Main building exceeds 5,100 square feet and has at least 10 bedrooms
- Second building contains 900 square feet, a one‑bedroom apartment or office, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,436
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,720
$1.2M
Cap Rate 7%
$849,086
$849.1K
Cap Rate 9%
$660,400
$660.4K
Market Conditions
NOI Build-Up for 7,800 SF
Gross rent
$120.7K $15.48/SF
− Vacancy
−$12.7K −$1.63/SF
EGI
$108.1K $13.85/SF
− OpEx
−$48.6K −$6.23/SF
NOI
$59.4K $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 Rate 5%
$1,188,720
Cap Rate 7%
$849,086
Cap Rate 9%
$660,400
Alternative Uses
Best Use
Mixed Use
$1.38M
$1.20M – $1.61M
NOI $96,350 @ 7.0% cap · market cap 12.06%
Second Best
Apartment 5plus
$849.1K
$743.0K – $990.6K
NOI $59,436 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,992 @ 7.0% cap · market cap 20.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Sprinkler system
Yes
Highway access
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
$174,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Daytona Beach, FL
Properties on Market for Mixed-use properties in Daytona Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential, office, and storage space spans three buildings, with two parking areas serving the site.
Where is this mixed-use property located?
The property is located at 547 High St Daytona Beach, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: One parcel comprising 4 lots and 3 buildings; Main building exceeds 5,100 square feet and has at least 10 bedrooms; Second building contains 900 square feet, a one‑bedroom apartment or office, and storage
