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412 Palmetto Ave Daytona Beach, FL 32114-4922

OFF-MARKET Investment properties Google Maps
2,964 SF 0.24 ac lot Built 1968
Entity Owned 13-yr Hold Free & Clear
Estimated value (blended)
$265k
Range $239k – $292k (±10%)
Property ID US18-5382432

Property summary

AI-generated overview

This exceptional Daytona Beach office building presents a compelling investment opportunity. The single-story, 2,964 square foot building sits on a 0.24-acre lot and is located at 412 S Palmetto Ave, Daytona Beach, FL 32114 (APN: 533-90-11-20052). Originally constructed in 1968 and renovated in 1989, the property is currently 100% occupied, offering immediate cash flow. The building is zoned RP, providing flexibility for various office uses. Its strategic location in the thriving Daytona Beach area ensures strong potential for long-term growth and return on investment. This stabilized investment presents a rare chance to acquire a well-maintained, income-producing asset in a desirable market. The property's single-story design and established tenant base contribute to its overall appeal. This is an excellent opportunity for investors seeking a stable, cash-flowing property with significant upside potential in a dynamic Florida market. The property's history of successful occupancy and its flexible zoning designation make it an attractive proposition for both short-term and long-term investment strategies. This is a turnkey opportunity to acquire a profitable commercial property in a prime location.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1968
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,964 SF
Lot 0.24 ac (10,350 SF)
APN 5339-01-12-0052
UPID US18-5382432

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Counselor
  • Counselor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2012
1 recorded transaction
2012
$91,000

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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