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    Property profile & analytics

    614 Peninsula Dr Daytona Beach, FL 32118

    • Medical offices
    • 5,465 SF
    • 0.54 lot acres
    For Sale
    View listing
    $1,050,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0859290
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Norman B. Seltzer, MD / Orthopedic Surgeon / Pediatric Orthopedic Surgeon
    • Sigafoos Lawrence / Physical Therapist

    Property Details for 614 Peninsula Dr

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.54 lot acres
    Property size
    5,465 SF
    Zone code
    BR1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    5305-01-24-0110
    APU
    530501240110

    Description

    This vacant, 5,831 square foot, Class B office building in Daytona Beach, Florida, presents a unique investment opportunity. Built in 1950 and renovated in 2010, this single-unit, two-story building sits on a 0.54-acre lot (APN 5305-01-24-0110) and is zoned BR-1, allowing for versatile use. Previously a medical office, the first floor features five exam rooms, a therapy room, manager's office, waiting/reception area, records room, staff lounge, and x-ray area. The second floor, accessible by elevator, includes three private offices, a conference room, lounge, and full bathroom. Exterior amenities include a covered drop-off area and ample parking for 25 vehicles, along with a separate stairwell. The interior boasts updated finishes and a large operable fish tank in the waiting area. Located just north of Seabreeze Boulevard on the east side of Peninsula Drive (614 N Peninsula Dr, Daytona Beach, FL 32118), this property offers high visibility and convenient access. The asking price is $1,050,000. This turnkey property is ideal for a medical practice or can be easily adapted for other office or retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $942,000
      Market price range: $717k - $1.47M
      AI Estimate
      $580,000
      Market price range: $371k - $966k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,070,000
      Current use
      RESTAURANT
      $1,175,000
      Change: +10% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,160,000
      Change: +8% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $985,000
      Change: -8% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0168
    Latitude
    29.2347
    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
    $0.00
    $106,650
    $582,743
    $689,393
    -
    $106,650
    $582,743
    $689,393

    Comparable in this City

    • Value Estimation
      $530,000
      4,368 SF

      212 Oakridge Blvd, Unit 212

      MEDICAL BUILDING • 4,368 SF
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      View Details
    • Value Estimation by Request
      3,360 SF

      222 Oakridge Blvd, Unit 222

      MEDICAL BUILDING • 3,360 SF
      222 Oakridge Blvd, Daytona Beach, FL 32118-4080
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    • Value Estimation by Request
      1,606 SF

      501 Plz Blvd

      MEDICAL BUILDING • 1,606 SF
      501 Plz Blvd, Daytona Beach, FL 32118-3014
      View Details
    • Value Estimation
      $520,000
      4,258 SF

      434 Halifax Ave, Unit 434

      MEDICAL BUILDING • 4,258 SF
      434 Halifax Ave, Daytona Beach, FL 32118-4077
      View Details
    • Value Estimation by Request
      1,118 SF

      404 Halifax Ave

      MEDICAL BUILDING • 1,118 SF
      404 Halifax Ave, Daytona Beach, FL 32118-4016
      View Details
    • Value Estimation by Request
      1,559 SF

      318 Halifax Ave

      MEDICAL BUILDING • 1,559 SF
      318 Halifax Ave, Daytona Beach, FL 32118-4010
      View Details

    Similar Nearby for Sale

    • $1,513,000
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      Seabreeze Blvd. Commercial Gem

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      View Details
    • $1,050,000
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      Daytona Beachside Former Medical Office

      Former medical office suitable for various office or retail uses.
      614 N Peninsula Dr, Daytona Beach, FL 32118
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    • $1,250,000
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      Daytona Beach Multifamily Investment

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      Beachside Property: Live, Work, or Both

      Versatile Daytona Beachside property suitable for residential or commercial use.
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    Similar Nearby for Lease

    • $20 SF/Yr
      1,834 SF

      Beachside Office Space For Lease

      Prime Beachside Location, Fully Renovated
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      View Details
    • $6,021 /Mo
      3,284 SF

      Renovated Office Building with Ocean Views

      Renovated office suites with ocean views in Daytona Beach.
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    • $2,072 /Mo
      1,130 SF

      Renovated Office Building with Ocean Views

      Renovated office building in Daytona Beach with ocean views.
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    • $3,460 /Mo
      1,730 SF

      Renovated Office Building with Ocean Views

      Renovated office building in Daytona Beach with ocean views.
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    • Contact for pricing
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      Daytona Beach Executive Office Suite

      Prime Beachfront Office Space, High Visibility
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    • $2,527 /Mo
      1,596 SF

      Daytona Beach Office Space For Rent

      1,596 SF open layout office space in Daytona Beach.
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    614 Peninsula Dr
    Daytona Beach, FL 32118
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    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
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