Warehouse Flex
For Sale
$449,900
932 ORANGE AVE, Daytona Beach, FL 32114
Situated in Daytona Beach’s Midtown CRA, the property occupies a corridor targeted for redevelopment.
Property Size6,330 SF
Price / SF$71.07
Days on Market172
Property Features for 932 ORANGE AVE
General Information
Standard status
Active
Size
6,330 SF
Property subtype
Warehouse
Additional Details
Property Use
Warehouse/Flex
Taxes and HOA fees
Annual Taxes
$3,152
Building Details
Building Size
6,330 SF
Year Built
1969
Listing Agency:
Coastal Ventures Real Estate
Listed By:
Ashley Flatley · License #3361969
(904) 315-8547
Source:
Coastalventures
Added: May 8
Changed: Oct 26
Last Checked: Oct 26 at 3:46PM
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 Coastal Ventures Real Estate
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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 1969 commercial building currently accommodates warehouse and flex functions. Its location on Orange Avenue places it within Daytona Beach’s Midtown Community Redevelopment Area, along a corridor identified for redevelopment activity.
Downtown Daytona Beach and Bethune-Cookman University are nearby, as are major transportation corridors. Two vacant parcels adjoining the property may be offered separately, providing a potential option for buyers considering additional land.
Downtown Daytona Beach and Bethune-Cookman University are nearby, as are major transportation corridors. Two vacant parcels adjoining the property may be offered separately, providing a potential option for buyers considering additional land.
Key Highlights
- Built in 1969
- Existing building supports warehouse and flex functions
- Located in Daytona Beach’s Midtown Community Redevelopment Area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,686
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
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
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 Rate 5%
$753,720
Cap Rate 7%
$538,371
Cap Rate 9%
$418,733
Alternative Uses
Best Use
Mixed Use
$1.12M
$977.4K – $1.30M
NOI $78,191 @ 7.0% cap · market cap 17.38%
Second Best
Flex RnD
$1.02M
$892.3K – $1.19M
NOI $71,380 @ 7.0% cap · market cap 15.87%
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
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Market
Vacancy Rate% for Industrial in South region
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 - Situated in Daytona Beach’s Midtown CRA, the property occupies a corridor targeted for redevelopment.
Where is this flex space located?
The property is located at 932 ORANGE AVE 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: Built in 1969; Existing building supports warehouse and flex functions; Located in Daytona Beach’s Midtown Community Redevelopment Area
