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1604 Illinois St Daytona Beach, FL 32114

Warehouses Google Maps
1,519 SF Built 2006
Estimated value
No estimation on file for this property yet.
Property ID US18-3066980

Property summary

AI-generated overview

This exceptional Daytona Beach, Florida property at 1604 Illinois Street presents a unique investment opportunity. Boasting 1,519 square feet on a 15,002.06 square foot lot, this mixed-use property, built in 2006, offers remarkable versatility. The M1 zoning allows for a wide range of uses, including but not limited to: auto shop, commercial, warehouse, medical office, executive office, and various other business ventures. Its prime location near the hospital and adjacent out parcels ensures high visibility and accessibility. The property's diverse zoning makes it suitable for a strip mall, industrial activities, showrooms, or office spaces. While previously used for multiple purposes, including residential, post-sale use will be restricted to non-residential purposes only. This single-unit property is priced at $380,000 and presents a compelling chance to capitalize on Daytona Beach's thriving commercial market. The property's flexibility and strategic location make it an ideal investment for a discerning buyer seeking a high-return opportunity in a dynamic area. The property is located in Volusia County, Florida, zip code 32114.

Property profile

Verified
Property type Warehouses
Year built 2006
Total area 1,519 SF
UPID US18-3066980

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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More about this property
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