Two-Story Commercial
For Sale
$3,040,000
711 W International Speedway Blvd, Daytona Beach, FL 32114
Two-story commercial asset with a loading dock, two buildings, and ample parking along a major Daytona Beach corridor.
Property Size17,676 SF
Lot Size1.50 Acres
Price / SF$171.98
Days on Market94
Property Features for 711 W International Speedway Blvd
General Information
Standard status
Active
Size
17,676 SF
Lot size
1.50 Acres
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,412
Building Details
Stories
2
Listing Agency:
COLDWELL BANKER VANGUARD REALTY
(904) 269-7117
Listed By:
STACEY BURKINS
(904) 591-3638
Source:
Exprealty
Added: Jun 1
Changed: Aug 20
Last Checked: Sep 2 at 2:29AM
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 COLDWELL BANKER VANGUARD REALTY
Investment Insights
Based on property information with market context.
For sale, 711 W International Speedway Blvd is a landmark two-story commercial property offering flexible space for a variety of uses. The asset includes approximately 20,000 square feet, a loading dock, and two buildings set on about 1.5 acres with ample parking.
The property is positioned along one of Daytona Beach’s most recognized commercial corridors, providing prominent frontage and visibility to both local and tourist traffic traveling between Interstate 95, Downtown Daytona Beach, Daytona Beach International Airport, and Daytona International Speedway. Its central placement is described as being at the crossroads of commerce, tourism, education, healthcare, and entertainment.
With expansive two-story floor plates and an adaptable layout, the property supports owner-users and redevelopment planning for uses including office, retail, mixed-use concepts, educational facilities, medical services, hospitality concepts, and creative workspace.
The property is positioned along one of Daytona Beach’s most recognized commercial corridors, providing prominent frontage and visibility to both local and tourist traffic traveling between Interstate 95, Downtown Daytona Beach, Daytona Beach International Airport, and Daytona International Speedway. Its central placement is described as being at the crossroads of commerce, tourism, education, healthcare, and entertainment.
With expansive two-story floor plates and an adaptable layout, the property supports owner-users and redevelopment planning for uses including office, retail, mixed-use concepts, educational facilities, medical services, hospitality concepts, and creative workspace.
Key Highlights
- Two‑story commercial asset at 711 W. International Speedway Boulevard in Daytona Beach
- Approximately 20,000 SF of flexible commercial space with expansive floor plates
- Loading dock plus two buildings on a 1.5‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$264,875
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,297,500
$5.3M
Cap Rate 7%
$3,783,929
$3.8M
Cap Rate 9%
$2,943,056
$2.9M
Market Conditions
NOI Build-Up for 17,676 SF
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.
Gross rent
$381.8K $21.60/SF
− Vacancy
−$28.6K −$1.62/SF
EGI
$353.2K $19.98/SF
− OpEx
−$88.3K −$5.00/SF
NOI
$264.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,297,500
Cap Rate 7%
$3,783,929
Cap Rate 9%
$2,943,056
Alternative Uses
Best Use
Office B
$3.78M
$3.31M – $4.41M
NOI $264,875 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.21M
$4.56M – $6.08M
NOI $364,833 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
Explore this area
Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-story commercial asset with a loading dock, two buildings, and ample parking along a major Daytona Beach corridor.
Where is this office building located?
The property is located at 711 W International Speedway Blvd Daytona Beach, FL.
What is the asking price?
The asking price for this property is $3,040,000.
What are key features of this property?
This property features: Two‑story commercial asset at 711 W. International Speedway Boulevard in Daytona Beach; Approximately 20,000 SF of flexible commercial space with expansive floor plates; Loading dock plus two buildings on a 1.5‑acre site
