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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2400 International Speedway Blvd Daytona Beach, FL 32114-7184

    • Community centers
    • 120,673 SF
    • 14.89 lot acres
    OFF-MARKET
    Value Estimations
    $30,185,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9385325
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chipotle Mexican Grill / Restaurant
    • Panera Bread / Take-out & Catering / Catering Service
    • We Fix It Phone Repair / Computer & Electronic Repair / Tech Support Center
    • T-Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Elevate TRT Peptide Clinic / Medical Clinic

    Property Details for 2400 International Speedway Blvd

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    14.89 lot acres
    Property size
    120,673 SF
    Property type
    Community centers
    APN
    5222-17-00-0010
    APU
    522217000010

    Description

    Volusia Marketplace, located at 2400 W International Speedway Blvd in Daytona Beach, Florida (zip code 32114), offers a prime retail opportunity. This 131,361 square foot shopping center boasts a strong tenant mix, anchored by World Market, Big Lots, and JoAnn Fabrics. Currently, there is 50,075 square feet of vacant space available, presenting a unique chance for expansion or new business establishment. The property is classified as a convenience/strip center and shopping center with multiple tenancies. Its excellent visibility and accessibility on West International Speedway Boulevard are key advantages, further enhanced by its proximity to the Daytona International Speedway, just 0.4 miles away. This location in Volusia County provides access to a significant consumer base. The property's size and established tenant base make it an attractive investment for businesses seeking high foot traffic and a strategic location within a thriving retail environment. The available space offers considerable flexibility for various retail concepts. This is an exceptional opportunity to secure a prominent retail presence in a high-traffic area of Daytona Beach.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $30,540,000
      6.5%
      $28,190,000
      7%
      $26,180,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $41,007,000
      Market price range: $14.9M - $53.9M
      AI Estimate
      $21,350,000
      Market price range: $2.39M - $22.4M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $25,600,000
      Current use
      WAREHOUSE, STORAGE
      $35,905,000
      Change: +40% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $29,980,000
      Change: +17% Conversion: Difficult
      RESTAURANT
      $25,895,000
      Change: +1% Conversion: Difficult
      MEDICAL BUILDING
      $23,600,000
      Change: -8% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0816
    Latitude
    29.1817
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $336,172
    $7,959,919
    $10,755,801
    $18,715,720
    -
    $7,959,919
    $10,755,801
    $18,715,720

    Comparable in this City

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      361 Bill France Blvd

      MINI-MALL • 2,944 SF
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      369 Bill France Blvd

      MINI-MALL • 1,552 SF
      369 Bill France Blvd, Daytona Beach, FL 32114-1301
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    • Value Estimation
      $5,170,000
      24,640 SF

      2525 International Speedway Blvd

      MINI-MALL • 24,640 SF
      2525 International Speedway Blvd, Daytona Beach, FL 32114-1194
      View Details
    • Value Estimation
      $15,120,000
      66,809 SF

      1415 Nova Rd

      MINI-MALL • 66,809 SF
      1415 Nova Rd, Daytona Beach, FL 32114-5838
      View Details
    • Value Estimation by Request
      967 SF

      363 Bill France Blvd

      MINI-MALL • 967 SF
      363 Bill France Blvd, Daytona Beach, FL 32114-1301
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,839 SF

      Retail/Office Center on Speedway Boulevard

      Retail/Office center with high visibility and ample parking.
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      52,758 SF

      Prime Retail/Warehouse Daytona Speedway Location

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      Daytona Beach Curaleaf Pharmacy

      High-yield, NNN-leased pharmacy; strong tenant.
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    • $90,000

      Daytona Beach Mixed-Use Property

      Prime location, multi-use potential.
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      High-traffic location, 3,800 SF storefront
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      Daytona Beach Mixed-Use Investment

      Prime location, 7,200 SF, three units.
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    Similar Nearby for Lease

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      1,575 SF

      Retail Space Near Daytona Speedway

      Retail space available in regional shopping destination near Daytona Speedway.
      2500 W International Speedway Blvd, Daytona Beach, FL 32114
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      3,500 SF

      Daytona Beach Retail Space Available

      Retail and restaurant spaces available in new shopping center.
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    • $18 SF/Yr
      8,704 SF

      Prominent Shopping Center For Rent

      High-visibility shopping center near new multifamily developments and Daytona events.
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      Regional Power Center Space Available

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      Daytona Beach Commercial Property

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      Regional Power Center Retail Space

      Retail, restaurant, and office spaces available in regional power center.
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    Daytona Beach, FL 32114-7184
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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