103 Ctr St Pierson, FL 32180-2375
- Retail space
- 8,000 SF
- 1.69 lot acres
Current Use by Public Records
- Family Dollar #7953 / Discount Store / Clothing Store
Property Details for 103 Ctr St
- Year built
- 2009
- Construction
- WOOD
- Lot size
- 1.69 lot acres
- Property size
- 8,000 SF
- Property type
- Retail space
- APN
- 4834-11-00-0030
- APU
- 483411000030
Description
This exceptional investment opportunity presents a 10,500-square-foot retail property located at 103 N Center St, Pierson, FL 32180, within the Daytona Beach MSA. The property, built in 2009 and renovated in 2023, sits on a 1.69-acre lot and boasts 42 parking spaces. Currently occupied by a Family Dollar and Dollar Tree, operating under a single, corporate-guaranteed Net Lease, this property offers a strong, stable income stream. The lease includes rent bumps, ensuring future income growth. The building features a single story and is zoned CG. With a 100% occupancy rate, the property generates a substantial Net Operating Income (NOI) of $138,285, resulting in a compelling 6.75% capitalization rate. The asking price is $2,048,667, translating to $195.11 per square foot. This is a rare chance to acquire a well-maintained, high-performing retail asset in a desirable location with a strong tenant history and significant upside potential. The property's location on N Center Street benefits from a daily vehicle count of approximately 7,900. This is a turnkey investment ideal for passive income seekers. The property's APN is 4834-11-00-0030.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $735,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $640,000
- 6.5%
- $695,000
- 7%
- $650,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $675,000
- Geo Method
- $650,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $705,000
- Retail
- $610,000
- Mixed-Use
- $690,000
- Hospitality
- $655,000
- Educational
- $650,000
- Residential Income
- $690,000
- Energy
- $590,000
- Income-Based Land
- $630,000
- Food Service
- $740,000
Location Insight
- Map
- Local Demand
- City
- Pierson
- County
- Volusia
- State
- Florida
- Longitude
- -81.4624
- Latitude
- 29.2416
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA