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Property profile & analytics
FOR SALE
Retail space
115 Myrtle Ln Daytona Beach, FL 32114
Individually Owned
14-yr Hold
Free & Clear
Property ID
US18-6248512
For Sale
1 / 56
$675,000
115 Myrtle Ln, Daytona Beach, FL 32114
View Listing →
Property summary
AI-generated overview
This versatile 4,745 square foot multi-use building, situated on an 8,276.4 square foot lot in historic downtown Daytona Beach, presents a unique investment opportunity. Built in 1958, the concrete block structure boasts high ceilings (with a 10' x 10' overhead door), making it suitable for a wide range of commercial uses. The property includes five dedicated parking spaces, supplemented by ample public parking nearby. Its central location places it conveniently close to the courthouse. The building's features include three separate HVAC systems, two restrooms, a kitchen facility with an exterior door, and a security camera system. A sprinkler system with an audible alarm enhances safety. The property's adaptability allows for multiple businesses to operate simultaneously, making it an ideal investment for entrepreneurs or those seeking a diverse revenue stream. The nearly unlimited potential uses, combined with its prime location, make this a highly attractive property.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,724 SF
Lot
0.19 ac (8,110 SF)
APN
5339-09-01-0060
UPID
US18-6248512
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
-
Construction Advocates Association Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David L Thurman · 14 yrs held
David L Thurman
since 2011
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Daytona Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Daytona Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,436
Tax year 2023
Assessed value
$184,278
Assessed 2023
Previous assessed
$164,054
+12.3% YoY
Effective rate
1.86%
On assessed value
Assessed land
$40,550
Assessed improvement
$143,728
Land market value
$40,550
Improvement market value
$143,728
Total market value
$184,278
Applied tax rate
214.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
4,724 SF
Lot
0.19 ac (8,110 SF)
APN
5339-09-01-0060
UPID
US18-6248512
Jurisdiction
VOLUSIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
David L Thurman
Individual
Free & Clear · 14 yrs held
Mailing address
1512 PNE GRV RD, RINGGOLD, GA 30736-8045
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2011
$130,000
David L Thurman
Shg Financial 1 LLC
Warranty Deed
—
Jun 16, 2011
$152,001
Shg Financial 1 LLC
Gentil,robert G Coc
Trustees Deed
related
—
Jun 7, 1996
$145,000
Robert G Gentil
Lester,louis
Grant Deed
$130,000
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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