Downtown Daytona Beach Multi-Use
115 Myrtle Lane Daytona Beach, FL 32114
115 Myrtle Lane, Daytona Beach, FL, 32114
Contact for pricing
For Sale
Contact for pricing
Commercial/office/warehouse building in historic downtown Daytona Beach.
Property Size4,745 SF
Price / SF$142.26
Days on Market880
Property Features for 115 Myrtle Lane
General Information
- Standard status
- Active
- Size
- 4,745 SF
- Property subtype
- Retail, Special Purpose, Land, Industrial, Mixed Use, Office
Building Details
- Year Built
- 1958
Listing Agency
Sea Oats Realty
Listed by
Tom McPherson · License #3098893
Source
Crexi
Added: Feb 18, 2024 Checked: Jul 15 at 10:28 pm
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 Sea Oats Realty
Investment Insights
Based on property information with market context.
This multi-use building is located in the heart of historic downtown Daytona Beach, near the courthouse. The concrete block construction features high ceilings and a 10' x 10' overhead door. The property, totaling 4,745 square feet, can support multiple businesses and includes five parking spaces, supplemented by ample public parking nearby. It is equipped with a security camera system, a sprinkler system with an audible alarm, and three separate HVAC systems. Inside, there are two restrooms and a kitchen facility with an exterior door. The building's location and features make it suitable for a wide range of uses.
Key Highlights
- Prime location in historic downtown Daytona Beach, close to the courthouse.
- Multi‑use building suitable for commercial, office, warehouse, or multiple businesses.
- Includes 5 dedicated parking spaces plus ample public parking.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.5k | $21.60 |
| − Vacancy | −$8.7k | −$1.84 |
| EGI | $93.8k | $19.76 |
| − OpEx | −$35.2k | −$7.41 |
| NOI | $58.6k | $12.35 |
4,745 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 37.50%
Alternative Uses
Best Use
Office B
$1.02M
$888.8K – $1.19M
NOI $71,104 @ 7.0% cap · market cap 10.53%
Second Best
Mixed Use
$837.3K
$732.7K – $976.9K
NOI $58,613 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,937 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Construction Advocates Association
Association / Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Commercial/office/warehouse building in historic downtown Daytona Beach.
Where is this mixed-use property located?
The property is located at 115 Myrtle Lane Daytona Beach, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Prime location in historic downtown Daytona Beach, close to the courthouse.; Multi‑use building suitable for commercial, office, warehouse, or multiple businesses.; Includes 5 dedicated parking spaces plus ample public parking.
