Daytona Beach Office
For Sale
Contact for pricing
Pending
614 N Peninsula Dr, Daytona Beach, FL 32118
Office building for sale in Daytona Beach, Florida.
Property Size5,831 SF
Days on Market1162
Property Features for 614 N Peninsula Dr
General Information
Standard status
Pending
Size
5,831 SF
Class
B
Property subtype
Office
Zoning
BR-1 Daytona Beach
Investment Type
Owner/User
Building Details
Year Built
1950
Year Renovated
2010
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
Listed By:
Carl Lentz IV, CCIM · License #3068067
(386) 801-7435
Source:
Crexi
Added: Aug 22, 2023
Changed: Oct 25
Last Checked: Oct 24 at 4:06PM
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 SVN | Alliance Commercial Real Estate Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office building with a total size of 5,831 square feet. The property is located in Daytona Beach, Florida.
Key Highlights
- For sale
- Year Built: 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,378
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,747,560
$1.7M
Cap Rate 7%
$1,248,257
$1.2M
Cap Rate 9%
$970,867
$970.9K
Market Conditions
NOI Build-Up for 5,831 SF
Gross rent
$125.9K $21.60/SF
− Vacancy
−$9.4K −$1.62/SF
EGI
$116.5K $19.98/SF
− OpEx
−$29.1K −$5.00/SF
NOI
$87.4K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,747,560
Cap Rate 7%
$1,248,257
Cap Rate 9%
$970,867
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.46M
NOI $87,378 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.50M – $2.01M
NOI $120,352 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
963
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office building for sale in Daytona Beach, Florida.
Where is this office building located?
The property is located at 614 N Peninsula Dr Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: For sale; Year Built: 1950
