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

    339 Manhattan Ave Daytona Beach, FL 32118

    • Commercial real estate
    For Sale
    View listing
    $135,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2698874
    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

    • Commercial real estate

    Property Details for 339 Manhattan Ave

    Property type
    Commercial real estate

    Description

    This exceptional 6,098.4 square foot commercial land parcel presents a unique opportunity in Daytona Beach, Florida. Located at 339 Manhattan Avenue, zip code 32118, this high and dry lot is cleared, well-maintained, and ready for development. Its desirable location offers the best of both worlds: a peaceful, quiet street north of the main tourist area, yet within easy walking distance or a short golf cart ride from the renowned Daytona Beach, the Halifax River, an array of shops, restaurants, and entertainment venues. The convenience extends to a newly constructed elementary school just blocks away, making this an attractive location for various commercial ventures. The asking price for this prime commercial land is $149,999. This property is situated in Volusia County, Florida, and its coordinates are 29.250904 latitude and -81.024315 longitude. The property type is classified as commercial land. This presents a rare chance to establish a business in a highly sought-after beachside location. Don't miss this chance to secure a piece of Daytona Beach's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.024315
    Latitude
    29.250904

    Comparable in this City

    • $2,600,000
      3.00 Acres

      801 Halifax Ave

      Multifamily properties • 3.00 Acres
      801 Halifax Ave, Daytona Beach, FL 32118
      View Details
    • $4,500,000
      1.13 Acres

      Oceanfront Daytona Beach Land

      Prime 1.13-Acre Oceanfront Development Site
      345 Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $499,999
      2,820 SF

      Daytona Beach Mixed-Use Investment

      Historic Downtown Daytona Beach gem, 2820 sq ft.
      242 Beach St, Daytona Beach, FL 32118
      View Details
    • $3,300,000

      Daytona Beach Waterfront Development

      Luxury condo development opportunity. Prime location.
      613 Halifax Ave, Daytona Beach, FL 32118
      View Details
    • $75,000
      1 SF

      Daytona Beachside Acre Available

      One acre commercial land available on Daytona Beachside.
      2743 North Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • Contact for pricing

      Oceanfront Development Opportunity in Daytona

      Rare oceanfront land for development in Daytona Beach, Florida.
      2100 S Atlantic Ave, Daytona Beach, FL 32118
      View Details

    Similar Nearby for Sale

    • $2,600,000
      3.00 Acres

      801 Halifax Ave

      Multifamily properties • 3.00 Acres
      801 Halifax Ave, Daytona Beach, FL 32118
      View Details
    • $4,500,000
      1.13 Acres

      Oceanfront Daytona Beach Land

      Prime 1.13-Acre Oceanfront Development Site
      345 Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $499,999
      2,820 SF

      Daytona Beach Mixed-Use Investment

      Historic Downtown Daytona Beach gem, 2820 sq ft.
      242 Beach St, Daytona Beach, FL 32118
      View Details
    • $3,300,000

      Daytona Beach Waterfront Development

      Luxury condo development opportunity. Prime location.
      613 Halifax Ave, Daytona Beach, FL 32118
      View Details
    • $75,000
      1 SF

      Daytona Beachside Acre Available

      One acre commercial land available on Daytona Beachside.
      2743 North Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • Contact for pricing

      Oceanfront Development Opportunity in Daytona

      Rare oceanfront land for development in Daytona Beach, Florida.
      2100 S Atlantic Ave, Daytona Beach, FL 32118
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Daytona Beach Commercial Land Opportunity

      Beachfront Land: Build-to-Suit or Lease
      1102 Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $20 SF/Yr
      1,834 SF

      Beachside Office Space For Lease

      Prime Beachside Location, Fully Renovated
      1109 Peninsula Dr, Daytona Beach, FL 32118
      View Details
    • $10 SF/Yr
      5,544 SF

      Seabreeze Blvd Retail Opportunity

      Prime Daytona Beach Bar/Restaurant Space
      546 Seabreeze Blvd, Daytona Beach, FL 32118
      View Details
    • $15 SF/Yr
      7,200 SF

      Daytona Beach Retail Opportunity

      Beachfront retail, high-traffic location.
      537 Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $6,021 /Mo
      3,284 SF

      Renovated Office Building with Ocean Views

      Renovated office suites with ocean views in Daytona Beach.
      140 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $9,500 /Mo
      5,105 SF

      Daytona Beach Shores Restaurant Opportunity

      Restaurant space for lease in Daytona Beach Shores, Florida.
      3162 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
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    339 Manhattan Ave
    Daytona Beach, FL 32118
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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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