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

    408 Wild Olive Ave Daytona Beach, FL 32118-3938

    • Investment properties
    • 1,942 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Mar 24, 2024
    $450,000
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    4.7%
    Investment properties
    Location Intelligence
    Property ID
    US18-3652424
    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

    • Investment properties

    Property Details for 408 Wild Olive Ave

    Year built
    1926
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    1,942 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    5305-01-37-0120
    APU
    530501370120

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $510,000
      ML approach
      $545,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $400,000
      6.5%
      $370,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $586,000
      Market price range: $197k - $586k
      AI Estimate
      $498,000
      Market price range: $147k - $498k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $350,000
      Current use
      WAREHOUSE, STORAGE
      $580,000
      Change: +65% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $485,000
      Change: +38% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $410,000
      Change: +17% Conversion: Difficult
      MEDICAL BUILDING
      $380,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.013
    Latitude
    29.2323
    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
    $4,325
    $37,500
    $203,721
    $241,221
    -
    $37,500
    $203,721
    $241,221

    Comparable in this City

    • Value Estimation by Request
      2,172 SF

      940 Halifax Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,172 SF
      940 Halifax Ave, Daytona Beach, FL 32118-3733
      View Details
    • Value Estimation by Request
      1,629 SF

      150 Peninsula Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,629 SF
      150 Peninsula Dr, Daytona Beach, FL 32118-4490
      View Details
    • Value Estimation by Request
      2,773 SF

      528 Halifax Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,773 SF
      528 Halifax Ave, Daytona Beach, FL 32118-4018
      View Details
    • Value Estimation by Request
      1,052 SF

      2625 Atlantic Ave, Unit 2SW

      STORE/OFFICE (MIXED USE) • 1,052 SF
      2625 Atlantic Ave, Daytona Beach, FL 32118-5676
      View Details
    • Value Estimation by Request
      1,068 SF

      2727 Atlantic Ave Ste, Unit 120

      STORE/OFFICE (MIXED USE) • 1,068 SF
      2727 Atlantic Ave Ste, Daytona Beach, FL 32118-3003
      View Details
    • Value Estimation by Request
      693 SF

      1260 Atlantic Ave

      STORE/OFFICE (MIXED USE) • 693 SF
      1260 Atlantic Ave, Daytona Beach, FL 32118-3631
      View Details

    Similar Nearby for Sale

    • $650,000
      2,222 SF

      Historic Commercial Building on Main

      Historic mixed-use building in Daytona Beach, close to the beach.
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    • $849,000
      6,600 SF

      Daytona Beach Shores Live-Work Property

      Live and work in this unique property near the beach.
      2020 S Atlantic Ave, Daytona Beach, FL 32118
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    • $474,900
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      Beachside Property: Live, Work, or Both

      Versatile Daytona Beachside property suitable for residential or commercial use.
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    • New
      $1,100,000
      0.25 Acres

      Daytona Beach Commercial Land For Sale

      Prime commercial land in Daytona Beach's Entertainment District.
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    • $1,100,000
      12,138 SF

      Daytona Beach Mixed-Use Redevelopment Opportunity

      Mixed-use property in Daytona Beach's Main Street Entertainment District.
      604 Main St, Daytona Beach, FL 32118
      View Details
    • $425,000
      1,600 SF

      Daytona Beach Mixed-Use Investment

      Profitable Restaurant, Turn-Key Operation
      0 Atlantic Ave, Daytona Beach, FL 32118
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    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
    • Contact for pricing
      15,360 SF

      Daytona Beach Executive Office Suite

      Prime Beachfront Office Space, High Visibility
      433 Silver Beach Ave, Daytona Beach, FL 32118
      View Details
    • $15 SF/Yr
      7,200 SF

      Daytona Beach Retail/Restaurant Opportunity

      Retail/Restaurant property with high visibility and traffic in Daytona Beach.
      537 North Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • Contact for pricing
      3,000 SF

      Daytona Beach Retail Space Available

      Retail space available in Daytona Beach shopping center.
      2429 N Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $2,527 /Mo
      1,596 SF

      Daytona Beach Office Space For Rent

      1,596 SF open layout office space in Daytona Beach.
      140 S Atlantic Ave, Daytona Beach, FL 32118
      View Details
    • $1.19 SF/Yr
      5,000 SF

      Prestigious Daytona Executive Office Suite

      Historic building, 5,000 sq ft, ample parking.
      211 International Speedway Blvd, Daytona Beach, FL 32118
      View Details
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    408 Wild Olive Ave
    Daytona Beach, FL 32118-3938
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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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