NNN Restaurant
New
For Sale
Under Contract
$499,000
747 W Intl Speedway Boulevard, Daytona Beach, FL 32114
COMMERCIAL - Daytona Beach, FL
Property Size2,214 SF
Lot Size0.12 Acres
Price / SF$225.38
Days on Market7
Property Features for 747 W Intl Speedway Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Off Street, Guest, Parking Lot
Directions
West on International Speedway Blvd from Ridgewood Ave. Property is on the South side near the corner of Lockhart St.
Subdivision
32 - Daytona Beville to ISB, E of 95
Standard status
Active Under Contract
APN
5339-76-03-0010
Size
2,214 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
38-15-33 & 39-15-33 E 33.5 FT OF LOT 1 EXC ST BLK C SLOUGH ESTATE RESUBDIVISION MB 4 PG 190 MB 15 PG 114 OF HODGMANS DAYTONA MB 2 PG 82 MB 12 PG 13-15 PER OR 3830 PG 3576
Tax Annual Amount
3165
Legal Description
38-15-33 & 39-15-33 E 33.5 FT OF LOT 1 EXC ST BLK C SLOUGH ESTATE RESUBDIVISION MB 4 PG 190 MB 15 PG 114 OF HODGMANS DAYTONA MB 2 PG 82 MB 12 PG 13-15 PER OR 3830 PG 3576
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Water source
Public
Building Details
Year built
1961
Roof type
Metal
Listing Agency:
Realty Pros Assured
(386) 677-7653
Listed By:
Beau Warren · License #SL3207370
(386) 589-5754
Added: Aug 4
Changed: Aug 7
Last Checked: Aug 10 at 6:06AM
MLS# 1229315
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.
Located at 747 W Intl Speedway Boulevard in Daytona Beach, this 2,214-square-foot A-frame commercial property was built in 1961 on 0.12 acres. The first floor contains a restaurant with a commercial kitchen, counter seating, table-service area, and an ADA-compliant restroom. The second floor provides additional space for office, storage, inventory, or operational use.
The property is fully leased under a new 5-year NNN agreement with 3% annual rent escalations. On-site parking includes guest, off-street, and parking-lot spaces. Public water and public sewer serve the property, which also features a metal roof and central electric heating. The site is minutes from Bethune-Cookman University, downtown Daytona Beach, medical facilities, and the beachside.
The property is fully leased under a new 5-year NNN agreement with 3% annual rent escalations. On-site parking includes guest, off-street, and parking-lot spaces. Public water and public sewer serve the property, which also features a metal roof and central electric heating. The site is minutes from Bethune-Cookman University, downtown Daytona Beach, medical facilities, and the beachside.
Key Highlights
- 2,214 SF A‑frame commercial building on 0.12 acres
- New 5‑year NNN lease with 3% annual rent escalations
- First‑floor restaurant includes commercial kitchen, counter seating, and table‑service area
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
$33,620
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
6.74%
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%
$672,400
$672.4K
Cap Rate 7%
$480,286
$480.3K
Cap Rate 9%
$373,556
$373.6K
Market Conditions
NOI Build-Up for 2,214 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
$48.6K $21.96/SF
− Vacancy
−$3.8K −$1.71/SF
EGI
$44.8K $20.25/SF
− OpEx
−$11.2K −$5.06/SF
NOI
$33.6K $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%
$672,400
Cap Rate 7%
$480,286
Cap Rate 9%
$373,556
Alternative Uses
Best Use
Specialty Retail
$480.3K
$420.3K – $560.3K
NOI $33,620 @ 7.0% cap · market cap 6.74%
Second Best
Office B
$474.0K
$414.7K – $553.0K
NOI $33,177 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,697 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,051
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
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Frequently Asked Questions
What type of property is this?
NNN property - Leased A-frame commercial property with restaurant improvements, a commercial kitchen, second-floor flexibility, and on-site parking.
Where is this nnn property located?
The property is located at 747 W Intl Speedway Boulevard Daytona Beach, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,214 SF A‑frame commercial building on 0.12 acres; New 5‑year NNN lease with 3% annual rent escalations; First‑floor restaurant includes commercial kitchen, counter seating, and table‑service area
