Daytona Beach Commercial
624 N WILD OLIVE AVENUE, Daytona Beach, FL 32118
Commercial property in Daytona Beach with high visibility and ample space.
Type:Commercial/Industrial
Property size:
2,672 SFLot size:
0.26 AcresPrice / SF:
$224/SF- Added:
- Mar 11, 2026
- Days on Market:
- 74
- Last Refresh:
- Apr 6 at 1:29 am
Property Features for 624 N WILD OLIVE AVENUE
General Information
- Standard status
- Active
- Size
- 2,672 SF
- Lot size
- 0.26 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1924
Listing agent Jennifer Looney License #3584371
Listing office IMAGINE REALTY LLC (727) 504-8909
Listing date Mar 11, 2026
Source Exitrealty
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 IMAGINE REALTY LLC
HighLights
- Prime location in the heart of Daytona Beach with high visibility and easy access to attract locals and tourists
- BR1 Business/Retail zoning allows for a wide range of permitted uses (Hotel/Motel, Retail, Offices, Restaurant, etc.)
- Spacious interiors offer customizable space for retail, office, or trade services
- New 200‑amp interior and exterior electrical completed in 2022
- Located in a thriving, business‑friendly community with a bustling economy and supportive resources
- Ample parking on a lot that sits on just over a 1/4 acre
Overview
This commercial property is located in Daytona Beach, Florida, offering high visibility and easy access for both local and tourist traffic. The property features spacious interiors that can be customized for various business needs, including retail, office, or trade services. It is situated within a dynamic community of businesses in Daytona Beach, benefiting from a business-friendly environment with incentives and resources. The location is a tourist hotspot, ensuring a steady flow of potential customers. The property includes ample parking on a lot that sits on just over a 1/4 acre. New interior and exterior 200-amp electrical work was completed in 2022. The land use designation is BR1, Business/Retail, which allows for a variety of permitted uses, including visitor accommodations such as a Hotel/Motel, Retail with a permitted apartment above, Marine Sales & Services, Offices, Craft Brewery or Winery, Restaurant, and Bank or Financial Institution. The property presents an opportunity to establish a business in a sought-after location.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$450.8K
NOI $40,575 @ 9.00% cap · cautious / downside scenario
Moderate
$579.6K
NOI $40,575 @ 7.00% cap · market / base-case scenario
Aggressive
$811.5K
NOI $40,575 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.7k | $21.96 |
| − Vacancy | −$4.6k | −$1.71 |
| EGI | $54.1k | $20.25 |
| − OpEx | −$13.5k | −$5.06 |
| NOI | $40.6k | $15.19 |
2,672 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$579.6K
$507.2K – $676.3K
NOI $40,575 @ 7.0% cap · market cap 6.76%
Second Best
Office B
$572.0K
$500.5K – $667.3K
NOI $40,040 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$787.9K
$689.4K – $919.2K
NOI $55,150 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial Construction Inc
Construction Company
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0147
- Latitude
- 29.236
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Commercial property in Daytona Beach with high visibility and ample space.
Where is this retail space located?
The property is located at 624 N WILD OLIVE AVENUE Daytona Beach, FL.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Prime location in the heart of Daytona Beach with high visibility and easy access to attract locals and tourists; BR1 Business/Retail zoning allows for a wide range of permitted uses (Hotel/Motel, Retail, Offices, Restaurant, etc.); Spacious interiors offer customizable space for retail, office, or trade services
