Mixed-Use Property Near Tourist
618 N WILD OLIVE Avenue Daytona Beach, FL 32118
618 N WILD OLIVE Avenue, Daytona Beach, FL, 32118
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For Sale
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Mixed-use property suitable for retail, office, or care services.
Property Size2,484 SF
Price / SF$192.83
Days on Market1065
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 Checked: Jul 16 at 6:00 am
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.
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.7k | $21.60 |
| − Vacancy | −$4.0k | −$1.62 |
| EGI | $49.6k | $19.98 |
| − OpEx | −$12.4k | −$5.00 |
| NOI | $37.2k | $14.99 |
2,484 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
I Owe Taxes
Consultant
Conley Dennis L ...
Accounting Firm
Conley Kim
Real Estate Agency
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FAQs
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.
