Fenced Warehouse With
New
For Sale
$1,850,000
W Intl Speedway Boulevard, Daytona Beach, FL 32124
COMMERCIAL - Daytona Beach, FL
Property Size6,700 SF
Lot Size2.70 Acres
Price / SF$276.12
Days on Market7
Property Features for W Intl Speedway Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Fencing
Fenced
Subdivision
Highridge Estates
Directions
West on US 92 (Int'l Speedway Blvd} to just past I-4 ramp. North side of highway.
Standard status
Active
APN
6206-01-45-0050
Size
6,700 SF
Lot size
2.70 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 5 TO 11 INC BLK 11N & S 1/2 OF VAC ST ADJ LOTS 5 TO 11 INC ON N HIGHRIDGE ESTS MB 11 PG 154 PER OR 2168 PG 976 ... Legal Descriptions for 3 additional lots-ASK AGENT
Tax Annual Amount
940
Legal Description
LOTS 5 TO 11 INC BLK 11N & S 1/2 OF VAC ST ADJ LOTS 5 TO 11 INC ON N HIGHRIDGE ESTS MB 11 PG 154 PER OR 2168 PG 976 ... Legal Descriptions for 3 additional lots-ASK AGENT
Listing Agency:
Coldwell Banker Commercial Benchmark
(386) 672-8530
Listed By:
Robert Rand
3866728530x1009
Added: Aug 5
Last Checked: Aug 11 at 11:06PM
MLS# 1229355
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 warehouse property includes a 6,700-square-foot building on approximately 2.7 acres, along with three adjacent parcels used for fenced outdoor storage. The building offers a combination of warehouse and office space, with both dock-high and grade-level loading and heavy power. The warehouse and site have been maintained by the same owner for more than 40 years.
The fenced outside-storage area has access to two roadways, providing separate access points for the property. The offering combines enclosed industrial space with additional secured yard capacity. Owner financing will be considered.
The fenced outside-storage area has access to two roadways, providing separate access points for the property. The offering combines enclosed industrial space with additional secured yard capacity. Owner financing will be considered.
Key Highlights
- 6,700 SF warehouse building on approximately 2.7 acres
- Three adjacent parcels provide fully fenced outdoor storage
- Dock‑high and grade‑level loading available
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
$53,886
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
2.91%
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%
$1,077,720
$1.1M
Cap Rate 7%
$769,800
$769.8K
Cap Rate 9%
$598,733
$598.7K
Market Conditions
NOI Build-Up for 6,700 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
$66.7K $9.96/SF
− Vacancy
−$3.3K −$0.50/SF
EGI
$63.4K $9.46/SF
− OpEx
−$9.5K −$1.42/SF
NOI
$53.9K $8.04/SF
Area
Volusia County, FL
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
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%
$1,077,720
Cap Rate 7%
$769,800
Cap Rate 9%
$598,733
Alternative Uses
Best Use
Warehouse
$769.8K
$673.6K – $898.1K
NOI $53,886 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.30M
NOI $138,288 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32124, FL
8,793
Population
3,483
Households
2.5
Avg Household Size
45
Median Age
33%
College-Educated
91%
High-School Grad
61.4 sq mi
ZIP Area
143
Density / Sq Mi
$89,842
Median Household Income
$50,136
Median Earnings
$1,676
Median Rent
$434,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility combines warehouse space, offices, heavy power, and fenced outdoor storage.
Where is this warehouse located?
The property is located at W Intl Speedway Boulevard Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 6,700 SF warehouse building on approximately 2.7 acres; Three adjacent parcels provide fully fenced outdoor storage; Dock‑high and grade‑level loading available
