401 International Speedway BlvdDaytona Beach, FL 32114

  • Mixed-use properties
  • 3,768 SF
For Sale
$565,200 View listing

Property Details for 401 International Speedway Blvd

Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.23 AC
Property size (Sq ft)
3,768 SF
Zone code
M1
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
5339-20-00-0030
APU
533920000030

Description

This exceptional 3,768 square foot commercial property, located at 401 W. International Speedway Blvd in Daytona Beach, Florida, presents a lucrative investment opportunity or a user-ready building. Currently 100% occupied, this multi-tenant building sits on a 0.41-acre lot boasting 275 feet of combined frontage on International Speedway Blvd and Segrave St. The property features M-1 zoning, allowing for a variety of uses including automotive, marine, retail, industrial, and office spaces. Detailed cash flow information is available upon request with a signed confidentiality agreement. Benefiting from its central Daytona Beach location, the property enjoys excellent visibility and accessibility, situated directly west of a Walgreens and Wawa at a major intersection. The property also benefits from its location within an Opportunity Zone and a designated Florida Enterprise Zone. Significant signage opportunities exist along International Speedway Blvd, a high-traffic thoroughfare with an average annual daily traffic count of 23,500 vehicles. An assemblage opportunity exists, encompassing a total of 19,626 square feet of commercial space on approximately 1.5 acres with extensive frontage on both International Speedway Blvd and Segrave Street. The property's APN is 533920000030. The asking price is $565,200.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $980,840
    6.5%
    $905,390
    7%
    $840,720
  • Comparable approach

    Method
    Valuation
    Relative Method
    $861,712
    Geo Method
    $651,964
  • Alternative Use

    Use
    Valuation
    Residential
    $905,390
    Hospitality
    $829,333
    Educational
    $689,995
    Medical
    $713,725
    Retail
    $1,073,326
401 International Speedway Blvd, Daytona Beach, Florida
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Location Insight

City
Daytona Beach
County
Volusia
State
Florida
Latitude
29.2099
Longitude
-81.0242
CBSA code
19660
CBSA name
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,286
$90,545
$260,070
$350,615
-
$90,545
$260,070
$350,615

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