Occupied Storefront Property
For Sale
$2,095,000
823-815823 Main St, Daytona Beach, FL 32118
Three occupied commercial buildings create a multi-building storefront assemblage on Main Street.
Property Size11,158 SF
Price / SF$187.76
Days on Market224
Property Features for 823-815823 Main St
General Information
Standard status
Active
Size
11,158 SF
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$14,849
Building Details
Buildings
3
Listing Agency:
Realty Pros Commercial
(386) 253-8565
Listed By:
Kayla Williams · License #3506971
(386) 253-8565
Source:
Exprealty
Added: Jan 18
Changed: Aug 30
Last Checked: Aug 30 at 12:25AM
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 Main Street commercial assemblage includes three occupied storefront buildings totaling 11,158 ± SF. The individual improvements include 4,642 SF at 815-817 Main Street, 2,040 SF at 819 Main Street, and 4,476 SF at 821-823 Main Street. Existing occupancy provides an established operating profile across the portfolio.
The property is located in Daytona Beach within a designated Redevelopment Area, where city incentives may be available subject to buyer verification. The assemblage is positioned a few blocks from A1A and The World's Most Famous Beach, with Main Street serving as the property’s primary commercial setting. Rent roll and financial information are available to qualified buyers after execution of a Confidentiality Agreement.
The property is located in Daytona Beach within a designated Redevelopment Area, where city incentives may be available subject to buyer verification. The assemblage is positioned a few blocks from A1A and The World's Most Famous Beach, with Main Street serving as the property’s primary commercial setting. Rent roll and financial information are available to qualified buyers after execution of a Confidentiality Agreement.
Key Highlights
- Three occupied storefront buildings included in one Main Street assemblage
- 11,158 ± SF total across the portfolio
- 815‑817 Main Street: 4,642 SF
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
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
93k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 25%
Hotels & Casinos 4%
Dick's Last Resort
Dining
20,658 visits/mo
0.4 miles
Joe's Crab Shack
Dining
19,572 visits/mo
0.3 miles
Burger King
Dining
10,780 visits/mo
0.3 miles
7-Eleven
Shops & Services
9,090 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,013 visits/mo
0.2 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 occupied commercial buildings create a multi-building storefront assemblage on Main Street.
Where is this storefront property located?
The property is located at 823-815823 Main St 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 occupied storefront buildings included in one Main Street assemblage; 11,158 ± SF total across the portfolio; 815‑817 Main Street: 4,642 SF
