Daytona Beach Redevelopment
932 Orange Avenue Daytona Beach, FL 32114
932 Orange Avenue, Daytona Beach, FL, 32114
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For Sale
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Commercial warehouse/flex property with redevelopment potential in Midtown Daytona Beach.
Property Size6,330 SF
Price / SF$75.04
Days on Market73
Property Features for 932 Orange Avenue
General Information
- Standard status
- Active
- Size
- 6,330 SF
- Property subtype
- Industrial, Special Purpose, Retail, Office, Mixed Use
Building Details
- Year Built
- 1969
Listing Agency
LIFESTYLE REALTY GROUP
Listed by
Jami Gallegos · License #BK3541001
Source
Crexi
Added: May 6 Checked: Jul 16 at 12:51 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 LIFESTYLE REALTY GROUP
Investment Insights
Based on property information with market context.
This commercial warehouse/flex property, encompassing approximately 6,300 square feet, is located in Midtown Daytona Beach within the City's targeted Community Redevelopment Area. Situated along the evolving Orange Avenue corridor, it presents a redevelopment and adaptive reuse opportunity. The existing structure supports immediate warehouse/flex functionality and offers long-term upside for mixed-use redevelopment, professional office, medical, live-work, retail, restaurant, fitness, or adaptive reuse concepts. Two adjacent vacant parcels may also be available separately, creating potential assemblage opportunities for expanded development footprint, parking, or future redevelopment flexibility. Located within Daytona Beach's Midtown CRA district, the property may qualify for multiple City redevelopment and improvement incentive programs designed to encourage commercial investment, facade enhancement, landscaping, and business growth within the corridor. Significant redevelopment incentives may also exist at the State level for qualifying mixed-use or residential redevelopment projects under Florida's Live Local Act. The property is strategically located near downtown Daytona Beach, Bethune-Cookman University, major transportation corridors, and ongoing public/private redevelopment initiatives.
Key Highlights
- Prime redevelopment opportunity in Daytona Beach's Community Redevelopment Area (CRA).
- Existing ±6,300 SF commercial warehouse/flex space with immediate functionality.
- Potential for mixed‑use redevelopment, office, retail, or adaptive reuse.
Local Financial Insights For Industrial
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 | $57.0k | $9.00 |
| − Vacancy | −$3.1k | −$0.50 |
| EGI | $53.8k | $8.50 |
| − OpEx | −$16.2k | −$2.55 |
| NOI | $37.7k | $5.95 |
6,330 SF · lease $9.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.58M
NOI $94,855 @ 7.0% cap · market cap 19.97%
Second Best
Mixed Use
$1.12M
$977.4K – $1.30M
NOI $78,191 @ 7.0% cap · market cap 16.46%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,651 @ 7.0% cap · market cap 27.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Commercial warehouse/flex property with redevelopment potential in Midtown Daytona Beach.
Where is this mixed-use property located?
The property is located at 932 Orange Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Prime redevelopment opportunity in Daytona Beach's Community Redevelopment Area (CRA).; Existing ±6,300 SF commercial warehouse/flex space with immediate functionality.; Potential for mixed‑use redevelopment, office, retail, or adaptive reuse.
