Freestanding Flex
For Sale
$449,900
932 ORANGE AVENUE, Daytona Beach, FL 32114
The existing building supports warehouse operations with flexible commercial reuse potential along an established urban corridor.
Property Size6,300 SF
Price / SF$71.07
Days on Market124
Property Features for 932 ORANGE AVENUE
General Information
Standard status
Active
Size
6,300 SF
Property subtype
Business Opportunities
Taxes and HOA fees
Annual Taxes
$3,153
Amenities
3
110x175
City Road, Asphalt.
Building Details
Year Built
1969
Buildings
1
Building Size
6,300 SF
Listing Agency:
LIFESTYLE REALTY GROUP INC
(386) 951-6565
Listed By:
Jami Gallegos · License #BK3541001
Source:
Xome
Added: May 1
Changed: Aug 31
Last Checked: Aug 31 at 2:43PM
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 INC
Investment Insights
Based on property information with market context.
This 6,330-square-foot flex property includes an existing commercial warehouse building constructed in 1969. The site measures 110x175 and fronts a city road with an asphalt surface, providing a functional setting for continued warehouse or flex use. The property is also identified within Daytona Beach’s Midtown Community Redevelopment Area, where adaptive reuse and corridor improvement initiatives are focused.
The asset is located at 932 Orange Avenue in Daytona Beach, near downtown, Bethune-Cookman University, and major transportation corridors. Two adjoining vacant parcels may be available separately, offering a possible path to additional site area for future planning, subject to separate availability and approvals.
The asset is located at 932 Orange Avenue in Daytona Beach, near downtown, Bethune-Cookman University, and major transportation corridors. Two adjoining vacant parcels may be available separately, offering a possible path to additional site area for future planning, subject to separate availability and approvals.
Key Highlights
- 6,330 SF commercial flex and warehouse property
- 110x175 site with city road and asphalt access
- Built in 1969
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
$37,686
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
8.38%
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%
$753,720
$753.7K
Cap Rate 7%
$538,371
$538.4K
Cap Rate 9%
$418,733
$418.7K
Market Conditions
NOI Build-Up for 6,330 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
$57.0K $9.00/SF
− Vacancy
−$3.1K −$0.50/SF
EGI
$53.8K $8.50/SF
− OpEx
−$16.2K −$2.55/SF
NOI
$37.7K $5.95/SF
Area
Volusia County, FL
Vacancy
5.50%
Lease Rate
$9.00 /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%
$753,720
Cap Rate 7%
$538,371
Cap Rate 9%
$418,733
Alternative Uses
Best Use
Flex RnD
$1.02M
$892.3K – $1.19M
NOI $71,380 @ 7.0% cap · market cap 15.87%
Second Best
Warehouse
$727.3K
$636.4K – $848.5K
NOI $50,910 @ 7.0% cap · market cap 11.32%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,651 @ 7.0% cap · market cap 29.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Vreen’s Quality Catering — 240 Doctor M.L.K. Jr Blvd, Daytona Beach, FL 32114
- Saute Kingz By Chef Count Llc — 200 M.L.K. Blvd S, Daytona Beach, FL 32114
Frequently Asked Questions
What type of property is this?
Flex space - The existing building supports warehouse operations with flexible commercial reuse potential along an established urban corridor.
Where is this flex space located?
The property is located at 932 ORANGE AVENUE Daytona Beach, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 6,330 SF commercial flex and warehouse property; 110x175 site with city road and asphalt access; Built in 1969
