Seabreeze Boulevard Commercial Building For
For Sale
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300 Seabreeze Boulevard, Daytona Beach, FL 32118
Commercial building with long-term tenants on Seabreeze Boulevard.
Property Size7,521 SF
Price / SF$201.17
Days on Market833
Property Features for 300 Seabreeze Boulevard
General Information
Standard status
Active
Size
7,521 SF
Property subtype
Retail, Special Purpose, Land, Hospitality, Office, Mixed Use, Industrial
Building Details
Year Built
1937
Units
3
Listing Agency:
Black Pearl Real Estate LLC
(386) 527-2230
Listed By:
Loretta Arthur · License #0547304
Source:
Crexi
Added: May 21, 2024
Changed: Aug 23
Last Checked: Aug 28 at 1:58PM
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 Black Pearl Real Estate LLC
Investment Insights
Based on property information with market context.
This commercial building on Seabreeze Boulevard offers an opportunity for an owner to occupy one-third of the building while two long-term restaurant tenants contribute to mortgage payments. Situated on a corner lot, the property features frontage on both Seabreeze Boulevard and Peninsula Drive. The established restaurants have a strong following and occupy two-thirds of the building. The property, with a size of 7521 square feet, is suitable for various uses, including a microbrewery, microwinery, attorney's office, entertainment venue, event center, florist, dry cleaner, club or lodge, medical or dental practice, or radio or television studio. The building has a new roof.
Key Highlights
- Income‑producing property: Two long‑term restaurant tenants cover the mortgage.
- Owner‑occupancy opportunity: Allows the owner to occupy 1/3 of the building.
- High‑traffic location: Corner lot with frontage on Seabreeze and Peninsula.
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
$114,209
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
7.55%
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%
$2,284,180
$2.3M
Cap Rate 7%
$1,631,557
$1.6M
Cap Rate 9%
$1,268,989
$1.3M
Market Conditions
NOI Build-Up for 7,521 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
$165.2K $21.96/SF
− Vacancy
−$12.9K −$1.71/SF
EGI
$152.3K $20.25/SF
− OpEx
−$38.1K −$5.06/SF
NOI
$114.2K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$2,284,180
Cap Rate 7%
$1,631,557
Cap Rate 9%
$1,268,989
Alternative Uses
Best Use
Specialty Retail
$1.63M
$1.43M – $1.90M
NOI $114,209 @ 7.0% cap · market cap 7.55%
Second Best
Office B
$1.61M
$1.41M – $1.88M
NOI $112,702 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,233 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building with long-term tenants on Seabreeze Boulevard.
Where is this mixed-use property located?
The property is located at 300 Seabreeze Boulevard Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,513,000.
What are key features of this property?
This property features: Income‑producing property: Two long‑term restaurant tenants cover the mortgage.; Owner‑occupancy opportunity: Allows the owner to occupy 1/3 of the building.; High‑traffic location: Corner lot with frontage on Seabreeze and Peninsula.
