Daytona Beach Retail
For Sale
Contact for pricing
812 W International Speedway Blvd, Daytona Beach, FL 32114
Retail space in Daytona Beach, Florida available for sale.
Property Size6,227 SF
Lot Size0.72 Acres
Price / SF$314.76
Days on Market171
Property Features for 812 W International Speedway Blvd
General Information
Standard status
Active
Size
6,227 SF
Lot size
0.72 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$161,676
Building Details
Year Built
1967
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Armond Aivazyan · License #CA 01954384
Source:
Crexi
Added: Feb 20
Changed: Aug 8
Last Checked: Aug 8 at 10:14AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This commercial property, located at 812 West International Speedway Boulevard in Daytona Beach, Florida, features approximately 6,227 square feet of rentable building space on an estimated 0.72-acre parcel of land. The property is currently occupied by Trulieve, operating under a 10-year Triple Net (NNN) lease that commenced on April 26, 2019. The current annual rent is $161,676, with scheduled annual increases of 5%.
Key Highlights
- Established Trulieve Tenant: Leased to a well‑known tenant in the cannabis industry.
- Triple Net (NNN) Lease: Offers a passive investment opportunity with minimal landlord responsibilities.
- Attractive Annual Rent: Current annual rent of $161,676 provides a strong initial return.
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
$58,649
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
2.99%
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%
$1,172,980
$1.2M
Cap Rate 7%
$837,843
$837.8K
Cap Rate 9%
$651,656
$651.7K
Market Conditions
NOI Build-Up for 6,227 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
$93.4K $15.00/SF
− Vacancy
−$9.6K −$1.55/SF
EGI
$83.8K $13.46/SF
− OpEx
−$25.1K −$4.04/SF
NOI
$58.6K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,172,980
Cap Rate 7%
$837,843
Cap Rate 9%
$651,656
Alternative Uses
Best Use
Retail
$837.8K
$733.1K – $977.5K
NOI $58,649 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,525 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,249
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 48%
Electronics 3%
Krispy Kreme Doughnuts
Dining
25,425 visits/mo
0.5 miles
Dollar General
Shops & Services
11,436 visits/mo
0.1 miles
Checkers
Dining
6,857 visits/mo
0.3 miles
Marathon
Shops & Services
6,564 visits/mo
0.4 miles
U-Haul
Shops & Services
4,666 visits/mo
0.1 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
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space in Daytona Beach, Florida available for sale.
Where is this retail space located?
The property is located at 812 W International Speedway Blvd Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,960,000.
What are key features of this property?
This property features: Established Trulieve Tenant: Leased to a well‑known tenant in the cannabis industry.; Triple Net (NNN) Lease: Offers a passive investment opportunity with minimal landlord responsibilities.; Attractive Annual Rent: Current annual rent of $161,676 provides a strong initial return.
