Downtown Daytona Beach Multi-Use
For Sale
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115 Myrtle Lane, Daytona Beach, FL 32114
Commercial/office/warehouse building in historic downtown Daytona Beach.
Property Size4,745 SF
Price / SF$142.26
Days on Market971
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
Changed: Oct 3
Last Checked: Oct 14 at 10:10PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,613
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,172,260
$1.2M
Cap Rate 7%
$837,329
$837.3K
Cap Rate 9%
$651,256
$651.3K
Market Conditions
NOI Build-Up for 4,745 SF
Gross rent
$102.5K $21.60/SF
− Vacancy
−$8.7K −$1.84/SF
EGI
$93.8K $19.76/SF
− OpEx
−$35.2K −$7.41/SF
NOI
$58.6K $12.35/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,172,260
Cap Rate 7%
$837,329
Cap Rate 9%
$651,256
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,693
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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.
