865 Orange Ave Daytona Beach, FL 32114-4768
- Investment properties
- 1,554 SF
- 0.86 lot acres
Current Use by Public Records
- Investment properties
Property Details for 865 Orange Ave
- Year built
- 1950
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.86 lot acres
- Property size
- 1,554 SF
- Zone code
- BR
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 5239-03-09-0040
- APU
- 523903090040
Description
This exceptional Daytona Beach investment opportunity presents a stabilized mixed-use property featuring five buildings totaling 14,080 square feet on a 0.86-acre lot. Currently boasting 90% occupancy with twelve tenants generating a strong NOI of $66,478 (pro-forma NOI of $80,774), this property offers a compelling 8.06% cap rate (pro-forma 9.79%). The property, built in 1972 and renovated in 2010, includes eight loading docks and features 10-foot ceilings. Zoned RDM-5, it allows for flexible use and potential expansion. The property benefits from an on-site manager with 25 years of experience, ensuring smooth operations. With a current asking price of $825,000 ($58.59/sq ft and $68,750/unit), this presents a rare chance to acquire a well-maintained, cash-flowing asset ideal for a 1031 exchange or straightforward investment. Ample parking (25 spaces per 1,000 sq ft) is available. The property's strong income stream, coupled with the potential for additional revenue through increased vehicle storage, makes this a truly attractive proposition. The property's address is 865 Orange Ave, Daytona Beach, FL 32114, APN 5239-03-09-0040.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0335
- Latitude
- 29.2014
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
