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    1008 8th St Daytona Beach, FL 32117-4005

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    1008 8th St Daytona Beach, FL 32117-4005

    View on Map
    • Retail properties & Spaces
    • 6,128 SF
    • 0.18 lot acres
    Off-Market
    Last Sale May 27, 2025
    $1,375,000
    Property ID
    US18-4563000
    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.
    Value Estimations
    $1,060,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Total Automotive Unlimited / Auto Repair Shop
    • Smart Start Ignition Interlock / Auto Parts Store

    Property Details for 1008 8th St

    Year built
    1980
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    6,128 SF
    Zone code
    B5
    Property type
    Retail properties & Spaces
    APN
    4244-01-07-0084
    APU
    424401070084

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,030,000
      ML approach
      $1,060,000

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $745,000
      Current use
      AUTO REPAIR, GARAGE
      $1,525,000
      Change: +104% Conversion: Difficult
      RESTAURANT
      $1,315,000
      Change: +76% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,300,000
      Change: +74% Conversion: Difficult
      MEDICAL BUILDING
      $1,200,000
      Change: +61% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,195,000
      Change: +60% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $730,000
      Change: -2% Conversion: Difficult
      RETAIL STORES
      $720,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0551
    Latitude
    29.2324
    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
    $5,629
    $18,720
    $262,494
    $281,214
    -
    $18,720
    $262,494
    $281,214

    Comparable in this City

    • Value Estimation
      $2,880,000
      23,751 SF

      970 Clyde Morris Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 23,751 SF
      970 Clyde Morris Blvd, Daytona Beach, FL 32117-5155
      View Details
    • Value Estimation by Request
      3,755 SF

      1643 State Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,755 SF
      1643 State Ave, Daytona Beach, FL 32117-1747
      View Details
    • Value Estimation by Request
      1,008 SF

      320 State Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,008 SF
      320 State Ave, Daytona Beach, FL 32117-4426
      View Details
    • Value Estimation by Request
      1,190 SF

      1118 State Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,190 SF
      1118 State Ave, Daytona Beach, FL 32117-2728
      View Details
    • Value Estimation by Request
      5,160 SF

      887 Brentwood Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,160 SF
      887 Brentwood Dr, Daytona Beach, FL 32117-4704
      View Details
    • Value Estimation by Request
      3,100 SF

      145 Carswell Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,100 SF
      145 Carswell Ave, Daytona Beach, FL 32117-5009
      View Details

    Similar Nearby for Sale

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      5,341 SF

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      Mixed-use property suitable for retail, office, and commercial purposes.
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      Mixed-use property suitable for retail, office, or land development.
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      Established Motorcycle Repair Shop Business

      Profitable motorcycle repair shop business for sale in Daytona Beach.
      1520 N Nova Rd, Daytona Beach, FL 32117
      View Details
    • $350,000
      1,500 SF

      Daytona Beach Commercial Building

      Versatile commercial building with retail and warehouse space.
      1012 N Nova Rd, Daytona Beach, FL 32117
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    • $199,000
      3,000 SF

      Established Motorcycle Repair Shop

      Well-established motorcycle repair shop with high traffic and road exposure.
      1520 N Nova Rd, Daytona Beach, FL 32117
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    Similar Nearby for Lease

    • Contact for pricing
      10,770 SF

      Daytona Beach Drive-Thru Restaurant

      10,770 SF restaurant with three drive-thru lanes for rent.
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      View Details
    • $240 SF/Yr
      10,515 SF

      Prime Volusia County Office Space

      New Construction, Flexible Suites Available
      1913 Clyde Morris Blvd, Daytona Beach, FL 32117
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    • Contact for pricing

      Retail Space in Holly Hill

      Retail property with high traffic and diverse shopping experience.
      1850 Ridgewood Ave, Holly Hill, FL 32117
      View Details
    • Contact for pricing
      3,870 SF

      Daytona Beach Retail Space Available

      Retail space in high-visibility corridor, Daytona Beach, FL.
      808-896 N Nova Rd, Daytona Beach, FL 32117
      View Details
    • $14 SF/Yr
      1,400 SF

      Retail Center on Beville Road

      49,128 SF retail center with high visibility.
      1512-1592 S Nova Rd, Daytona Beach, FL 32117
      View Details
    • Contact for pricing
      5,110 SF

      Retail Space in Port Orange

      Retail space available in the Port Orange retail corridor.
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      View Details
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    1008 8th St
    Daytona Beach, FL 32117-4005
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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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