Daytona Beach Redevelopment
For Sale
Contact for pricing
932 Orange Avenue, Daytona Beach, FL 32114
Commercial warehouse/flex property with redevelopment potential in Midtown Daytona Beach.
Property Size6,330 SF
Price / SF$75.04
Days on Market100
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
(386) 872-8742
Listed By:
Jami Gallegos · License #BK3541001
Source:
Crexi
Added: May 6
Changed: Aug 8
Last Checked: Aug 11 at 9:51AM
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.
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
7.93%
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
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
844
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
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 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.
