Multi-Building Retail
For Sale
$2,095,000
815-823 Main Street, Daytona Beach, FL 32118
Three currently occupied retail buildings comprise a near-half-block retail assemblage on Main Street in Daytona Beach.
Property Size11,158 SF
Days on Market19
Property Features for 815-823 Main Street
General Information
Standard status
Active
Size
11,158 SF
Property subtype
Retail - Street Retail
Building Details
Building Size
11,158 SF
Year Built
1925
Listing Agency:
Realty Pros Commercial
(386) 338-1330
Listed By:
Kayla Williams · License #3506971
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Aug 13 at 6:11AM
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 Realty Pros Commercial
Investment Insights
Based on property information with market context.
This for-sale retail portfolio includes three income-producing buildings offered as an assemblage: 815–817 Main Street, 819 Main Street, and 821–823 Main Street. All three buildings are currently occupied. The described building sizes are 4,642 SF for 815–817, 2,040 SF for 819, and 4,476 SF for 821–823, for a total of 11,158 ± SF. Rent roll and financials are available to qualified buyers upon execution of a Confidentiality Agreement.
The property is located on Daytona Beach’s Main Street, just blocks from A1A and the World’s Most Famous Beach. The assemblage is situated within a designated Redevelopment Area.
As presented, the offering is a multi-building retail asset with active occupancy and an assemblage configuration on Main Street.
The property is located on Daytona Beach’s Main Street, just blocks from A1A and the World’s Most Famous Beach. The assemblage is situated within a designated Redevelopment Area.
As presented, the offering is a multi-building retail asset with active occupancy and an assemblage configuration on Main Street.
Key Highlights
- Three income‑producing, currently occupied retail buildings in a near‑half‑block Main Street assemblage (815‑823 Main St).
- Annualized total area: 11,158 ± SF across 815‑817 (4,642 SF), 819 (2,040 SF), and 821‑823 (4,476 SF).
- Year built: 1925.
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
$105,092
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
5.02%
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%
$2,101,840
$2.1M
Cap Rate 7%
$1,501,314
$1.5M
Cap Rate 9%
$1,167,689
$1.2M
Market Conditions
NOI Build-Up for 11,158 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
$167.4K $15.00/SF
− Vacancy
−$17.2K −$1.55/SF
EGI
$150.1K $13.46/SF
− OpEx
−$45.0K −$4.04/SF
NOI
$105.1K $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%
$2,101,840
Cap Rate 7%
$1,501,314
Cap Rate 9%
$1,167,689
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $105,092 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,301 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
40k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 32%
Hotels & Casinos 10%
7-Eleven
Shops & Services
9,090 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,013 visits/mo
0.4 miles
Dunkin' Donuts
Dining
5,128 visits/mo
0.5 miles
Circle K
Shops & Services
4,699 visits/mo
0.1 miles
Domino's Pizza
Dining
4,599 visits/mo
0.5 miles
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
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?
Storefront property - Three currently occupied retail buildings comprise a near-half-block retail assemblage on Main Street in Daytona Beach.
Where is this storefront property located?
The property is located at 815-823 Main Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: Three income‑producing, currently occupied retail buildings in a near‑half‑block Main Street assemblage (815‑823 Main St).; Annualized total area: 11,158 ± SF across 815‑817 (4,642 SF), 819 (2,040 SF), and 821‑823 (4,476 SF).; Year built: 1925.
