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    Property profile & analytics

    518 Dr Martin Luther King Jr Blvd Daytona Beach, FL 32114-5228

    • Grocery and convenience stores
    • 2,850 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Location Intelligence
    Property ID
    US18-6028823
    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

    • Grocery and convenience stores

    Property Details for 518 Dr Martin Luther King Jr Blvd

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.24 lot acres
    Property size
    2,850 SF
    Property type
    Grocery and convenience stores
    APN
    5339-82-01-0040
    APU
    533982010040

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $260,000
      6.5%
      $240,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $265,000
      Geo Method
      $280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $275,000
      Retail
      $230,000
      Mixed-Use
      $205,000
      Hospitality
      $235,000
      Educational
      $230,000
      Residential Income
      $245,000
      Energy
      $270,000
      Income-Based Land
      $235,000
      Food Service
      $270,000

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0244
    Latitude
    29.2003
    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
    $2,305
    $22,468
    $108,383
    $130,851
    -
    $22,468
    $108,383
    $130,851

    Comparable in this City

    • Value Estimation
      $125,000
      2,744 SF

      709 Orange Ave

      CONVENIENCE STORE • 2,744 SF
      709 Orange Ave, Daytona Beach, FL 32114-4728
      View Details
    • Value Estimation
      $2,320,000
      17,624 SF

      1108 Beville Rd

      GROCERY, SUPERMARKET • 17,624 SF
      1108 Beville Rd, Daytona Beach, FL 32114-5743
      View Details
    • Value Estimation
      $1,960,000
      1,736 SF

      300 Ridgewood Ave

      CONVENIENCE STORE • 1,736 SF
      300 Ridgewood Ave, Daytona Beach, FL 32114-3246
      View Details
    • Value Estimation
      $390,000
      2,600 SF

      205 Ridgewood Ave

      CONVENIENCE STORE • 2,600 SF
      205 Ridgewood Ave, Daytona Beach, FL 32114-4317
      View Details
    • Value Estimation by Request
      5,928 SF

      1510 Ridgewood Ave

      CONVENIENCE STORE • 5,928 SF
      1510 Ridgewood Ave, Daytona Beach, FL 32114-6134
      View Details
    • Value Estimation
      $1,440,000
      3,000 SF

      2655 International Speedway Blvd

      CONVENIENCE STORE • 3,000 SF
      2655 International Speedway Blvd, Daytona Beach, FL 32114-1103
      View Details

    Similar Nearby for Sale

    • $1,000,000
      3,800 SF

      Daytona Beach Retail Investment

      High-traffic location, 3,800 SF storefront
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    • $650,000
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      Daytona Beach Retail Opportunity

      Retail space on a hard-corner in Daytona Beach, Florida.
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    • $2,588,071
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      Daytona Beach Curaleaf Pharmacy

      High-yield, NNN-leased pharmacy; strong tenant.
      910 International Speedway Blvd, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      20,839 SF

      Retail/Office Center on Speedway Boulevard

      Retail/Office center with high visibility and ample parking.
      1173 W International Speedway Blvd, Daytona Beach, FL 32114
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    • $950,000
      6,300 SF

      Daytona Beach Retail/Warehouse Building

      Renovated retail and warehouse space with high visibility.
      719 N Ridgewood Ave, Daytona Beach, FL 32114
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    • $375,000

      Retail Property on International Speedway

      Retail property with high visibility and income potential.
      747 W International Speedway Blvd, Daytona Beach, FL 32114
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    Similar Nearby for Lease

    • Contact for pricing
      39,872 SF

      Halifax Harbor Plaza: Premier Office Space

      Daytona Beach waterfront office, retail space available.
      125 Basin St, Daytona Beach, FL 32114
      View Details
    • Contact for pricing

      Retail/Restaurant Space on Speedway Blvd

      Retail or restaurant spaces available for lease on International Speedway.
      918 W International Speedway Blvd, Daytona Beach, FL 32114
      View Details
    • $1,200 /Mo
      1,200 SF

      Daytona Beach Commercial Space

      Retail/office/warehouse space near Intracoastal waterway available for lease.
      728 Ballough Rd, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      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
      View Details
    • $2,000 /Mo
      830 SF

      Downtown Daytona Beach Commercial Space

      Shell space ready for customization in a prime downtown location.
      128 S Beach St, Daytona Beach, FL 32114
      View Details
    • Contact for pricing
      3,500 SF

      Daytona Beach Retail Space Available

      Retail and restaurant spaces available in new shopping center.
      1587 N Williamson Blvd, Daytona Beach, FL 32114
      View Details
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    Daytona Beach, FL 32114-5228
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    Realmo Value Estimation

    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.

    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.

    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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