Beachside Restaurant with
For Sale
$149,999
Daytona Beach, FL 32118, Daytona Beach, FL 32118
Commercial Sale, Daytona Beach, FL
Property Size1,898 SF
Price / SF$79.03
Days on Market55
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Retail
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Parking features
On Street
Security features
Security
Subdivision
Rogers Seabreeze
Lot features
Historic Area
Directions
Atlantic Ave & Seabreeze, Head west, Mr. Pizza Plus is on the left side.
Standard status
Active
Size
1,898 SF
Taxes and HOA fees
Tax Year
2026
Utilities
Utilities
Propane
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Wall Unit(s), Ceiling Fan(s), Electric, Multi Units, Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1949
Floors in Building
2
Number of units
3
Flooring type
Wood, Terrazzo
Building materials
Block, Brick, Brick Veneer, Metal Siding, Shingle Siding, Stucco
Roof type
Shingle
Listing Agency:
Realty Pros Commercial
(386) 253-8565
Listed By:
Terry Sitaram · License #3092297
(386) 237-4444
Added: Jul 1
Changed: Aug 20
Last Checked: Aug 24 at 2:06PM
MLS# 1228165
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 business-only offering combines an operating restaurant with the furniture, fixtures, equipment, goodwill, and operational assets needed for continued use. The 1,898-square-foot space includes a professional commercial kitchen and dining area, with wood and terrazzo flooring and a shingle roof. The building was constructed in 1949 and has central air, additional cooling equipment, and electric heating.
Two leased apartments are located above the restaurant. One is a two-bedroom, one-bath unit, while the other includes one bedroom and one bath. Public water and public sewer serve the property, and parking is available on the street.
The restaurant is situated on Seabreeze Boulevard in Daytona Beach’s downtown entertainment and nightlife district, within the beachside area and near the Atlantic Ocean. The sale covers the restaurant business rather than the underlying real estate.
Two leased apartments are located above the restaurant. One is a two-bedroom, one-bath unit, while the other includes one bedroom and one bath. Public water and public sewer serve the property, and parking is available on the street.
The restaurant is situated on Seabreeze Boulevard in Daytona Beach’s downtown entertainment and nightlife district, within the beachside area and near the Atlantic Ocean. The sale covers the restaurant business rather than the underlying real estate.
Key Highlights
- 1,898‑square‑foot restaurant business offered with furniture, fixtures, equipment, and goodwill
- Two leased apartments above the restaurant
- Apartment 1: two‑bedroom, one‑bath unit
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
$11,300
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
7.53%
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%
$226,000
$226.0K
Cap Rate 7%
$161,429
$161.4K
Cap Rate 9%
$125,556
$125.6K
Market Conditions
NOI Build-Up for 1,898 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
$17.1K $9.00/SF
− Vacancy
−$940 −$0.50/SF
EGI
$16.1K $8.50/SF
− OpEx
−$4.8K −$2.55/SF
NOI
$11.3K $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%
$226,000
Cap Rate 7%
$161,429
Cap Rate 9%
$125,556
Alternative Uses
Best Use
Specialty Retail
$411.7K
$360.3K – $480.4K
NOI $28,822 @ 7.0% cap · market cap 19.21%
Second Best
Apartment 5plus
$206.6K
$180.8K – $241.1K
NOI $14,463 @ 7.0% cap · market cap 9.64%
Theoretical Best
Office A
$559.6K
$489.7K – $652.9K
NOI $39,175 @ 7.0% cap · market cap 26.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey dining operation includes a commercial kitchen, furnishings, equipment, and two leased residential units.
Where is this conventional restaurant located?
The property is located at Daytona Beach, FL.
What is the asking price?
The asking price for this property is $149,999.
What are key features of this property?
This property features: 1,898‑square‑foot restaurant business offered with furniture, fixtures, equipment, and goodwill; Two leased apartments above the restaurant; Apartment 1: two‑bedroom, one‑bath unit
