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    Waterfront Land in Daytona Beach Title is generated by Realmo AI

    613 HALIFAX AVENUE, Daytona Beach, FL 32118

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    For Sale
    $4,100,000

    Two-parcel assemblage in Daytona Beach's core redevelopment corridor.

    Lot size:
    1.20 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    71
    Last Refresh:
    Mar 23 at 8:24 pm

    Property Features for 613 HALIFAX AVENUE

    General Information

    Standard status
    Active
    Lot size
    1.20 Acres

    We can help!

    Listing Contact
    PATRICK SULLIVAN
    PATRICK SULLIVAN

    Listing agent PATRICK SULLIVAN License #0598533

    Listing office EXPERT REALTY GROUP

    Listing date Mar 23, 2026

    Source Corcoran

    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 EXPERT REALTY GROUP

    HighLights

    • Large‑scale waterfront property with 132 linear feet of Intracoastal frontage.
    • Located in the core redevelopment corridor of Daytona Beach, offering high visibility.
    • Zoned BPUD with previous approval for a 36‑unit condominium and 39 marina boat slips.
    • Two‑parcel assemblage (613 & 618 Halifax) providing increased development flexibility.
    • Positioned at the base of the Seabreeze Bridge, close to beach access, retail, and hospitality.
    • Owner financing available for qualified buyers; joint venture opportunities considered.

    Overview

    The property at 613 and 618 Halifax Avenue comprises a two-parcel assemblage totaling 53,268.5 square feet, or approximately 1.22 acres, situated in Daytona Beach's core redevelopment corridor. The primary site, located at 613 Halifax, encompasses 41,768.5 square feet with dimensions of 123 feet by 361 feet, featuring 132 linear feet of direct Intracoastal water frontage. The adjacent parcel at 618 Halifax adds 10,500 square feet, enhancing the development footprint's flexibility and scale. Zoned BPUD, the property was previously approved for a 36-unit condominium development with 39 marina boat slips, establishing a precedent for future development. Positioned at the base of the Seabreeze Bridge within the city's tourist district, the site offers high visibility and proximity to beach access, retail establishments, and hospitality venues. This offering is suitable for developers pursuing a large-scale waterfront opportunity in an active redevelopment area. Owner financing is available for qualified buyers, and joint venture opportunities will be considered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.019143
    Latitude
    29.234365

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    FAQs

    What type of property is this?
    Waterfront Land - Two-parcel assemblage in Daytona Beach's core redevelopment corridor.
    Where is this waterfront land located?
    The property is located at 613 HALIFAX AVENUE Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $4,100,000.
    What are key features of this property?
    This property features: Large‑scale waterfront property with 132 linear feet of Intracoastal frontage.; Located in the core redevelopment corridor of Daytona Beach, offering high visibility.; Zoned BPUD with previous approval for a 36‑unit condominium and 39 marina boat slips.
    (386) 233-5900
    We can help!
    Listing Contact
    PATRICK SULLIVAN
    PATRICK SULLIVAN
    Real Estate License ID: 0598533
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    613 HALIFAX AVENUE, DAYTONA BEACH, FL 32118
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