Mixed-Use Property Near Tourist
For Sale
Contact for pricing
618 N WILD OLIVE Avenue, Daytona Beach, FL 32118
Mixed-use property suitable for retail, office, or care services.
Property Size2,484 SF
Price / SF$192.83
Days on Market1157
Property Features for 618 N WILD OLIVE Avenue
General Information
Standard status
Active
Size
2,484 SF
Property subtype
Mixed Use, Office, Retail
Building Details
Year Built
1966
Listing Agency:
Miller Real Estate and Assoc.
Listed By:
Marvin Miller · License #0060353
Source:
Crexi
Added: Aug 17, 2023
Changed: Oct 12
Last Checked: Oct 14 at 9:03PM
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 Miller Real Estate and Assoc.
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Investment Insights
Based on property information with market context.
This 2484-square-foot mixed-use property is located near banks, restaurants, and the tourist area, approximately two blocks from the ocean. Zoned BR-1 Business Retail, the property is suitable for various uses, including adult or child care, art gallery, second-hand retail, martial arts, personal services, senior center, or professional office. The property allows for living above your business.
Key Highlights
- Owner financing available.
- Live above your business** with BR‑1 Business Retail zoning.
- Prime location:** near banks, restaurants, and the tourist area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,223
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,460
$744.5K
Cap Rate 7%
$531,757
$531.8K
Cap Rate 9%
$413,589
$413.6K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$53.7K $21.60/SF
− Vacancy
−$4.0K −$1.62/SF
EGI
$49.6K $19.98/SF
− OpEx
−$12.4K −$5.00/SF
NOI
$37.2K $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%
$744,460
Cap Rate 7%
$531,757
Cap Rate 9%
$413,589
Alternative Uses
Best Use
Office B
$531.8K
$465.3K – $620.4K
NOI $37,223 @ 7.0% cap · market cap 7.77%
Second Best
Mixed Use
$438.3K
$383.6K – $511.4K
NOI $30,684 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$732.4K
$640.9K – $854.5K
NOI $51,270 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property suitable for retail, office, or care services.
Where is this mixed-use property located?
The property is located at 618 N WILD OLIVE Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Owner financing available.; Live above your business** with BR‑1 Business Retail zoning.; Prime location:** near banks, restaurants, and the tourist area.
