Breakfast Diner with Outdoor
For Sale
$197,000
966 Reed Canal Road, South Daytona, FL 32119
Commercial Sale, South Daytona, FL
Property Size2,588 SF
Lot Size1.16 Acres
Price / SF$76.12
Days on Market297
Property Features for 966 Reed Canal Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 3
Parking features
Parking Lot
Security features
Security Lighting
Lot features
Corner Lot
Directions
From Dunlawton Ave, & Nova Rd go N to Reed Canal Rd T/R on Reed Canal Rd at Traffic light turn Left into small center with gas station and Convenience store and go to Restaurant on West end of parking lot
Subdivision
24 - Port Orange N of Dunlawton, E of 95
Standard status
Active
APN
5344-16-00-1180
Size
2,588 SF
Lot size
1.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
42-15-33 W 647.8 FT & N 30 FT OF W 100 FT OF E 250 FT & N 30 FT OF W 150 FT OF E 450 FT & W 50 FT OF E 300 FT OF LOT 118 & LOTS 119 TO 122 INC & LOTS 123 & 124 EXC PART IN PALM GROVE 6TH ADD & EXC E 30 FT W OF PALM GROVE 6TH ADD & LOTS 138 TO 144 INC E OF
Legal Description
42-15-33 W 647.8 FT & N 30 FT OF W 100 FT OF E 250 FT & N 30 FT OF W 150 FT OF E 450 FT & W 50 FT OF E 300 FT OF LOT 118 & LOTS 119 TO 122 INC & LOTS 123 & 124 EXC PART IN PALM GROVE 6TH ADD & EXC E 30 FT W OF PALM GROVE 6TH ADD & LOTS 138 TO 144 INC E OF
Utilities
Utilities
Propane
Sewer type
Public Sewer
Heating system
Central
Cooling system
Exhaust Fan (Cooling), Ceiling Fan(s), Central Air, Electric, Separate Meters
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block
Listing Agency:
Lubansky & White Realty
(386) 756-6866
Listed By:
Herb Lubansky · License #BK-53585
(386) 212-1598
Added: Nov 18, 2025
Changed: Sep 10
Last Checked: Sep 11 at 4:06AM
MLS# 1220165
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This established breakfast diner occupies 2,588 square feet on a 1.16-acre parcel and has operated since 2013. The interior includes a dining room, meeting room, four bathrooms, and a commercial kitchen arranged for restaurant service. Seating is available indoors and outdoors for up to 115 guests. Existing improvements include a hood system, walking cooler, kitchen equipment, tile flooring, central heating, and multiple cooling components.
The 1974 block building is served by public water and public sewer, with propane utility service and a dedicated parking lot. The offering includes an operating diner business with two managers currently in place. Additional information requires an NDA and proof of funds.
The 1974 block building is served by public water and public sewer, with propane utility service and a dedicated parking lot. The offering includes an operating diner business with two managers currently in place. Additional information requires an NDA and proof of funds.
Key Highlights
- 2,588 SF diner on a 1.16‑acre parcel
- Indoor and outdoor seating for up to 115 guests
- Operating breakfast diner established in 2013
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
$15,408
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
7.82%
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%
$308,160
$308.2K
Cap Rate 7%
$220,114
$220.1K
Cap Rate 9%
$171,200
$171.2K
Market Conditions
NOI Build-Up for 2,588 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
$23.3K $9.00/SF
− Vacancy
−$1.3K −$0.50/SF
EGI
$22.0K $8.50/SF
− OpEx
−$6.6K −$2.55/SF
NOI
$15.4K $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%
$308,160
Cap Rate 7%
$220,114
Cap Rate 9%
$171,200
Alternative Uses
Best Use
Specialty Retail
$561.4K
$491.3K – $655.0K
NOI $39,300 @ 7.0% cap · market cap 19.95%
Second Best
Industrial
$220.1K
$192.6K – $256.8K
NOI $15,408 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$763.1K
$667.7K – $890.3K
NOI $53,416 @ 7.0% cap · market cap 27.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Home Improvements & Furnishings 45%
Public Storage
Shops & Services
1,476 visits/mo
0.3 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,212 visits/mo
0.1 miles
Demographics for 32119, FL
22,498
Population
12,629
Households
1.8
Avg Household Size
50
Median Age
27%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,884
Density / Sq Mi
$53,795
Median Household Income
$37,675
Median Earnings
$1,371
Median Rent
$215,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Hannah's Family Diner — 968 Reed Canal Rd, South Daytona, FL 32119
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Equipped restaurant space includes dining, meeting, and kitchen areas.
Where is this breakfast & diner located?
The property is located at 966 Reed Canal Road South Daytona, FL.
What is the asking price?
The asking price for this property is $197,000.
What are key features of this property?
This property features: 2,588 SF diner on a 1.16‑acre parcel; Indoor and outdoor seating for up to 115 guests; Operating breakfast diner established in 2013
