Operating Conventional
For Sale
$350,000
724 Dr Mary M Bethune Boulevard, Daytona Beach, FL 32114
Commercial Sale, Daytona Beach, FL
Property Size1,120 SF
Lot Size0.14 Acres
Price / SF$312.50
Days on Market275
Property Features for 724 Dr Mary M Bethune Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street
Lot features
Corner Lot
Directions
1. Start at the intersection of International Speedway Blvd (US-92) and Nova Road. 2. Go north on Nova Road (toward Mason Ave). 3. Continue straight for about 1 mile. 4. Turn right onto Dr. Mar
Subdivision
34 - Daytona ISB to Mason, E of 95
Standard status
Active
APN
5338-88-00-0040
Size
1,120 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
38-15-33 LOT 4 BRUBACHER MB 5 PG 199 MB 6 PG 148 MB 14 PG 164 MB 21 PG 28 OF MASON & COLEMANS DAYTONA DB I PG 151 MB 14 PGS 9-10 PER OR 2759 PG 1564 PER OR 7386 PG 0615 PER OR 7877 PG 4686
Tax Annual Amount
1410
Legal Description
38-15-33 LOT 4 BRUBACHER MB 5 PG 199 MB 6 PG 148 MB 14 PG 164 MB 21 PG 28 OF MASON & COLEMANS DAYTONA DB I PG 151 MB 14 PGS 9-10 PER OR 2759 PG 1564 PER OR 7386 PG 0615 PER OR 7877 PG 4686
Building Details
Year built
1955
Listing Agency:
Oceans Luxury Realty Full Service LLC
(386) 236-3700
Listed By:
Amaya Albury · License #3503993
(386) 301-7170
Added: Dec 2, 2025
Changed: Aug 20
Last Checked: Sep 3 at 2:06AM
MLS# 1220545
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This conventional restaurant property includes 1,120 square feet on a 0.14-acre site and was built in 1955. The business is currently operating, offering an existing commercial use at the property. On-street parking is available.
The property is located at 724 Dr Mary M Bethune Boulevard in Daytona Beach, along the Dr. Mary McLeod Bethune Boulevard corridor. Access is available to Nova Road and International Speedway Boulevard, with Bethune-Cookman University and civic, educational, and residential areas nearby. The site is within the Midtown Community Redevelopment Area and an active redevelopment district.
The property is located at 724 Dr Mary M Bethune Boulevard in Daytona Beach, along the Dr. Mary McLeod Bethune Boulevard corridor. Access is available to Nova Road and International Speedway Boulevard, with Bethune-Cookman University and civic, educational, and residential areas nearby. The site is within the Midtown Community Redevelopment Area and an active redevelopment district.
Key Highlights
- Currently operating conventional restaurant property
- 1,120 square feet on a 0.14‑acre site
- Built in 1955
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
$17,008
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
4.86%
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%
$340,160
$340.2K
Cap Rate 7%
$242,971
$243.0K
Cap Rate 9%
$188,978
$189.0K
Market Conditions
NOI Build-Up for 1,120 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
$24.6K $21.96/SF
− Vacancy
−$1.9K −$1.71/SF
EGI
$22.7K $20.25/SF
− OpEx
−$5.7K −$5.06/SF
NOI
$17.0K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /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%
$340,160
Cap Rate 7%
$242,971
Cap Rate 9%
$188,978
Alternative Uses
Best Use
Specialty Retail
$243.0K
$212.6K – $283.5K
NOI $17,008 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.2K
$289.0K – $385.3K
NOI $23,117 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
36k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Electronics 5%
Dollar General
Shops & Services
11,436 visits/mo
0.4 miles
Daytona Toyota
Shops & Services
7,960 visits/mo
0.5 miles
AutoZone
Shops & Services
6,391 visits/mo
0.5 miles
U-Haul
Shops & Services
4,666 visits/mo
0.4 miles
BP
Shops & Services
3,965 visits/mo
0.5 miles
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 Retail 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?
Conventional restaurant - Currently operating restaurant property with on-street parking in Daytona Beach’s Midtown Community Redevelopment Area.
Where is this conventional restaurant located?
The property is located at 724 Dr Mary M Bethune Boulevard Daytona Beach, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Currently operating conventional restaurant property; 1,120 square feet on a 0.14‑acre site; Built in 1955
