Technical
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Property profile

114 Palmetto Ave Daytona Beach, FL 32114

OFF-MARKET
Residential income homes
Property ID
US19-0406548
2,160 SF 0.22 ac lot Built 1935
Entity Owned 8-yr Hold
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Property summary

AI-generated overview

This exceptional 1,769 square foot office building is ideally situated in the heart of Downtown Daytona Beach, just one block from International Speedway Boulevard, ensuring high visibility for your business. The property boasts a convenient location, steps away from the historic downtown area, courthouses, and other professional offices, creating a thriving professional environment. The single-tenant building sits on a 0.22-acre lot (APN: 5339-01-09-0053) and features updated interior space including four private offices, a dedicated conference room, a well-equipped kitchen, two bathrooms, and an attractive reception area. Two designated parking spaces are included, with additional parking available. The property is currently vacant and ready for immediate occupancy. A modified gross lease is available, encompassing most expenses, offering a cost-effective solution compared to triple-net (NNN) lease structures. This turnkey office space presents a fantastic opportunity for businesses seeking a prominent location and modern amenities in a vibrant downtown setting. The building is well-maintained and offers a professional image for any business. This is a single-suite building, perfect for a single tenant seeking a complete and private office space.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1935
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,160 SF
Lot 0.22 ac (9,460 SF)
APN 5339-01-09-0053
UPID US19-0406548

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm Child Welfare Organization
  • Crisis Center Medical Clinic

Location

114 Palmetto Ave Daytona Beach, FL 32114-4320
Daytona Beach metro Census 82000 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2018
5 recorded transactions
2018
$260,000
2015
Price N/A
2013
Price N/A
2013
Price N/A
2005
$230,750

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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