865 Orange AveDaytona Beach, FL 32114

Property Details for 865 Orange Ave

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.86 AC

Property size (Sq ft)

1,554 SF

Zone code

BR

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5239-03-09-0040

APU

523903090040

Description

This exceptional Daytona Beach investment opportunity presents a stabilized mixed-use property featuring five buildings totaling 14,080 square feet on a 0.86-acre lot. Currently boasting 90% occupancy with twelve tenants generating a strong NOI of $66,478 (pro-forma NOI of $80,774), this property offers a compelling 8.06% cap rate (pro-forma 9.79%). The property, built in 1972 and renovated in 2010, includes eight loading docks and features 10-foot ceilings. Zoned RDM-5, it allows for flexible use and potential expansion. The property benefits from an on-site manager with 25 years of experience, ensuring smooth operations. With a current asking price of $825,000 ($58.59/sq ft and $68,750/unit), this presents a rare chance to acquire a well-maintained, cash-flowing asset ideal for a 1031 exchange or straightforward investment. Ample parking (25 spaces per 1,000 sq ft) is available. The property's strong income stream, coupled with the potential for additional revenue through increased vehicle storage, makes this a truly attractive proposition. The property's address is 865 Orange Ave, Daytona Beach, FL 32114, APN 5239-03-09-0040.

• CAP approach

  CAP return

  Valuation

  6%

  $404,448

  6.5%

  $373,337

  7%

  $346,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $355,310

  Geo Method

  $268,883

• Alternative Use

  Use

  Valuation

  Residential

  $373,337

  Hospitality

  $341,975

  Educational

  $284,519

  Medical

  $294,304

  Retail

  $442,585

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2014

Longitude

-81.0335

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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