Back to Search
Property profile & analytics
FOR LEASE
Community centers
2400 W International Speedway Blvd Daytona Beach, FL 32114
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-9385325
For Lease
1 / 2
$30,185,000
2400 W International Speedway Blvd, Daytona Beach, FL 32114
View Listing →
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
120,673 SF
Lot
14.89 ac (648,631 SF)
APN
5222-17-00-0010
UPID
US18-9385325
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.19M
Comparable Approach
Comparable
$41.01M
Blend (final)
Blend
$30.19M
Owner & transaction history
Festival Properties INC · 9 yrs held
Festival Properties INC
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$35.9M
+40.3%
Auto repair, garage
$30.0M
+17.1%
Restaurant
$25.9M
+1.2%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$30,540,000
6.5%
$28,190,000
7%
$26,180,000
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
Blend value · Realmo final
$30.19M
Range $27.17M – $33.20M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$250 / SF
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
$336,172
Tax year 2023
Assessed value
$18,715,720
Assessed 2023
Previous assessed
$19,450,955
-3.8% YoY
Effective rate
1.80%
On assessed value
Assessed land
$7,959,919
Assessed improvement
$10,755,801
Land market value
$7,959,919
Improvement market value
$10,755,801
Total market value
$18,715,720
Applied tax rate
204.0000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
4
Total area
120,673 SF
Lot
14.89 ac (648,631 SF)
APN
5222-17-00-0010
UPID
US18-9385325
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$25.6M
WAREHOUSE, STORAGE
Est. value
$35.9M
AUTO REPAIR, GARAGE
Est. value
$30.0M
RESTAURANT
Est. value
$25.9M
MEDICAL BUILDING
Est. value
$23.6M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
14.89 ac
Current owner
From public records · entity-resolved
Festival Properties INC
Entity
Mailing address
1215 GESSNER RD, HOUSTON, TX 77055-6013
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2017
$20,650,000
Festival Properties INC
Daytona Marketplace LLC
Grant Deed
$15,200,000 · Miscellaneous Ins Co
Mar 23, 2004
$6,000,000
Daytona Commercial Partners
Lasalle National Bank
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
