702 Beville Rd Daytona Beach, FL 32114
This 8,300 square foot, single-story medical office building in Daytona Beach, Florida presents a compelling value-add opportunity. Located at 702 Beville Rd, 32114, this 1977-built property is currently vacant and offers significant potential for redevelopment or renovation. Previously operating as a fully built-out assisted living facility with 14 rooms and a licensed capacity of 28 beds, the building boasts numerous features including multiple living areas, a fully equipped kitchen with appliances, laundry facilities, and a cafeteria. Some rooms feature private bathrooms, while others share. The property's versatile layout allows for a return to its previous use as an assisted living facility or conversion into a multi-family development. Interested parties should independently verify allowable uses with the City of Daytona Beach. The asking price is $1,495,000, translating to $180.12 per square foot. This property is available for sale or lease. The property is situated in Volusia County and offers a unique chance to capitalize on the growing healthcare market in the Daytona Beach area. The building's existing infrastructure provides a solid foundation for a variety of potential uses, making it an attractive investment for both experienced and emerging developers. This is a rare opportunity to acquire a substantial property in a desirable location at an attractive price point.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.