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Property profile & analytics
OFF-MARKET
Residential income homes

114 Palmetto Ave Daytona Beach, FL 32114-4320

2,160 SF 0.22 ac lot Built 1935
Entity Owned 8-yr Hold
Property ID
US19-0406548
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Collaborative Divorce Center Law Firm Child Welfare Organization
  • Safe Space to Struggle Counseling & Consultation Services, LLC Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
114 Palmetto LLC · 8 yrs held
114 Palmetto LLC
since 2018
5 recorded transactions
2018
$260,000
2015
Price N/A
2013
Price N/A
2013
Price N/A
2005
$230,750
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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