Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    343 Division St Daytona Beach, FL 32114
    Back to Search
    Property profile & analytics

    343 Division St, Daytona Beach, FL 32114

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 343 Division St

    Property type
    Land

    Description

    This exceptional 11,325.6 square foot lot presents a unique investment opportunity in Daytona Beach, Florida. Located at 343 Division Street, 32114, this property offers both commercial and residential development potential. The lot is situated on a quiet dead-end street, minimizing through traffic and enhancing the peaceful neighborhood atmosphere. Its size provides ample space for a variety of projects. Recent comparable sales in the immediate vicinity, according to the property appraiser's website, indicate home values ranging from $140,000 to $277,000. This suggests strong potential for both residential construction and potentially commercial ventures given the lot's size and location. The property is zoned for both commercial and residential use, offering flexibility for developers. The asking price for this strategically located lot is $75,000. This represents a compelling opportunity to acquire a substantial parcel of land in a desirable Daytona Beach neighborhood with significant upside potential. The property's address is easily accessible and conveniently located within Volusia County. Serious inquiries are encouraged to explore the possibilities this versatile property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0247
    Latitude
    29.2037

    Comparable in this City

    • Value Estimation by Request

      Orange Ave

      Land
      0 Orange Ave, Daytona Beach, FL 32114
      View Details
    • Value Estimation by Request

      837 Bellevue Ave

      Multifamily properties
      837 Bellevue Ave, Daytona Beach, FL 32114
      View Details
    • Value Estimation by Request
      1,519 SF

      1604 Illinois St

      Amusement parks
      1604 Illinois St, Daytona Beach, FL 32114
      View Details
    • Value Estimation by Request
      0.65 Acres

      Fairview Ave & Ridgewood Ave

      Land
      0 Fairview Ave & Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • Value Estimation by Request

      Fulton St

      Land
      0 Fulton St, Daytona Beach, FL 32114
      View Details
    • Value Estimation by Request

      274 Lexington Dr

      Land
      274 Lexington Dr, Daytona Beach, FL 32114
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Multifamily Property with Development Potential

      15-unit property with land for 8 additional units.
      115 N Ridgewood Ave, Daytona Beach, FL 32114
      View Details
    • $160,000
      0.46 Acres

      Daytona Beach Land For Sale

      Vacant land available in Daytona Beach, Florida.
      735 S Martin Luther King Blvd, Daytona Beach, FL 32114
      View Details
    • $5,100,000

      Senior Living Development Opportunity

      11.3 acre site for 196-unit senior living development.
      316 North Clyde Morris Blvd, Daytona Beach, FL 32114
      View Details
    • $35,000

      Well-Located Lot Near Beach

      Lot near the beach, recreational facilities, entertainment, and food.
      638 Orange Ave, Daytona Beach, FL 32114
      View Details
    • $1,650,000
      1.50 Acres

      Renovated Income Property Portfolio

      Fully renovated, income-producing portfolio on 1.5 acres in Daytona Beach.
      404 S Ridgewood Ave, Daytona Beach, FL 32114
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Daytona Beach Commercial Land

      Easy access to major roads and Daytona attractions.
      1413 S Nova Rd, Daytona Beach, FL 32114
      View Details
    • Contact for pricing

      Daytona Beach Commercial Land Available

      Commercial land for rent with high traffic and easy access.
      1445 S Nova Rd, Daytona Beach, FL 32114
      View Details
    • $18 SF/Yr

      Downtown Daytona Beach Office Space

      2,000 SF office space for lease in Daytona Beach.
      222 South Beach St, Daytona Beach, FL 32114
      View Details
    • $3,400 /Mo

      Daytona Beach Office Space Available

      Office space for rent at 115 S Palmetto Avenue.
      115 S Palmetto Ave, Daytona Beach, FL 32114
      View Details
    • $5,676 /Mo
      4,865 SF

      Daytona Beach Flex/Showroom Opportunity

      4,865 SF flex/showroom space in Daytona's Design District.
      566 Ballough Rd, Daytona Beach, FL 32114
      View Details
    • $20 SF/Yr
      39,872 SF

      Halifax Harbor Plaza Office Suites

      Office suites with Intracoastal Waterway views in Daytona Beach.
      125 Basin St, Daytona Beach, FL 32114
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    343 Division St
    Daytona Beach, FL 32114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    343 Division St, Daytona Beach, FL, 32114
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!